Syrah Resources Limited Reports Earnings Results for the Full Year Ended December 31, 2023

Syrah Resources Limited is an Australia-based vertically integrated natural graphite and battery anode company. The principal activities of the Company include sales of natural graphite and ongoing development of logistics, sales, and marketing arrangements with targeted customers. Its segments include Balama and Vidalia. The Balama segment is engaged in the production, distribution, and sale of natural flake graphite from the Balama Graphite Operation in Mozambique. The Vidalia segment is engaged in the operation and expansion of the Vidalia active anode material (AAM) facility including operation of a qualification facility, the construction of the Vidalia Initial Expansion project, evaluation of the Vidalia expansion project, customer engagement and commercial negotiations, and research and development. It is also focused on the development of the use of graphite from Balama as an input in the production of anode material and industrial products.