An updated estimate increased measured and indicated resources at SRG Graphite Inc.'s Lola property in Guinea by 201% in terms of contained graphite.

Lola hosts measured and indicated resources of 12.2 million tonnes grading 5.55% contained graphite, for 676,900 tonnes of in situ metal, with inferred resources estimated at 2.1 million tonnes grading 6.07% contained graphite for 125,200 tonnes of in situ metal.

The analysis uses a cutoff grade of 3% graphitic carbon, in line with the initial estimate completed in late 2017, and incorporates data from new drilling completed up to April 4.

Drilling is ongoing on the property, with an additional 3,000 meters planned in the second half of the year.