Syrah Resources Limited (ASX: SYR) (“Syrah” or “Company”;)is...

Syrah Resources Limited (ASX: SYR) (“Syrah” or “Company”is pleased to announce that the executed Mining Agreement which governs the Balama Operation has now been sanctioned by the Administrative Court in Mozambique. The certificate will be formally issued following the payment of the relevant court fees by the Company today (Mozambique time). This completes all required steps for the Mining Agreement to be binding and enforceable.

The Mining Agreement consolidates all prior project documents and approvals. It also provides the Company with clarity around the governing laws, mining rights and other obligations for the Balama Operation in Mozambique, including by preserving certain mining and tax laws in force in 2013 when the Mining Concession was issued, for the life of the Mining Agreement.

The key terms of the Mining Agreement are reiterated in Attachment A.

Syrah's Managing Director & CEO, Shaun Verner said: “The finalisation of the Mining Agreement represents another significant milestone for the Company and reaffirms the Government of Mozambique’s commitment to the long term success of the Balama Operation. Balama has been operating since commencement in accordance with the agreed terms and our stakeholders can be even more confident that the Company will be able to conduct its operations under a stable legal, fiscal and operating regime, which underpins Syrah’s position as the world’s premier producer of high quality graphite now, and into the future.”