Apr. 22, 2020 - Syrah Resources releases lower Q1 2020 sales of natural flake graphite in line with moderated production strategy and impacted by China supply chain shut downs due to COVID 19.

Key points:

1. Q1 2020 average price was US$478 per tonne versus Q4 2019 US$458 per tonne.

2. Higher Q1 2020 versus Q4 2019 price driven by positive price impact from geographic mix of sales

3. Q1 2020 natural graphite sales of 7kt versus Q4 2019 17kt

4. Lower Q1 2020 versus Q4 2019 sales in-line with strategy for prevailing demand to drive Q1 2020 production and sales. Demand negatively impacted by supply chain disruptions and end user demand impacts of COVID 19