Syrah Resources Ltd (ASX: SYR)

Syrah Resources Ltd (ASX: SYR) trading at a current market price of $3.5 and a market capitalization of $1.02 Billion (as at May 23, 2018), witnessed a performance change of 27.80% over the past twelve months, and was up 2% on May 23, 2018 as it gears up for the entry into the Battery Anode Material (BAM) market. SYR has inked a purchase agreement for an industrial site for its Battery Anode Material (BAM) development in Vidalia, Louisiana. This purchase price of US$1.225 million is for a 25 acre site with an existing 50,000 square foot industrial building. The group has made significant advances in development of research, technology, engineering and commercial arrangements for entry into the BAM market. It commenced its first production in November 2017 and started its shipments in January 2018 and received first revenue in February 2018. Syrah’s strategy is focused on the value that is enabled by a world-class deposit and fast-growing market. The expectations for global natural graphite demand growth to be driven by the increase in electric vehicles over the coming years can be a good boost to the company. Looking at the scenario, we give this share a “Hold” recommendation.

Beadell Resources Ltd (ASX: BDR)

Beadell Resources Limited (ASX: BDR) trading at $0.067 with a market capitalization of $82.64 billion is an ASX listed gold mining company with primary asset being the 100% owned Tucano gold mine. The group has now reported for two new gold discoveries in the Urucum and TAP AB reserve pits (Neo North discovery) at Tucano. Near mine exploration has demonstrated gold prospectivity of the 100% owned greenstone belt with discovery of a large gold anomaly 10 km northeast of the Tucano Plant. The recent upgrade of the Tucano plant with increased flexibility in processing sulphide ore has helped Beadell expand its mine exploration strategy to encompass sulphide targets. Recently, the group announced that mine Corridor Drilling at Tucano has continued to demonstrate continuity of high grade shoots with 15m @ 27.23 g/t gold (including 1 m @ 344.24 g/t gold) at Tap AB1 Trough Lode. We maintain a “Hold” at the current price.

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