Balama achieves IRMA 50

Syrah Resources Limited (ASX: SYR) (“Syrah” or “Company”) is proud to announce that its Balama Graphite Operation in Mozambique has achieved IRMA-50, marking a significant milestone in the Company’s commitment to responsible mining practices. This achievement underscores Syrah’s dedication to environmental stewardship and social responsibility, solidifying the Company’s position in the global graphite market—particularly as a key supplier for Lithium-ion batteries.

The achievement validates Syrah’s unwavering commitment to the highest ethical standards, health and safety, people development, community involvement, and environmental sustainability. Syrah is proud to be the first graphite producer in the world to complete an IRMA independent audit and publish the report.

Syrah Managing Director and CEO, Shaun Verner, remarked: "Achieving the IRMA-50 level of performance is a groundbreaking milestone for Syrah, underscoring our commitment to international mining best practices. This accomplishment, a first in the global graphite industry, highlights nearly a decade of commitment to strengthening our differentiated ESG performance. Our prioritisation of health, safety, and the wellbeing of employees, contractors, community members and key stakeholders has driven our whole-of-business approach to maintaining a strong health and safety culture across the Company."

IRMA is a voluntary assessment system designed to establish best practice standards and participatory stakeholder engagement requirements aimed at improving the sustainability of mining operations. As part of the independent audit, Balama was evaluated against 26 chapters and over 400 individual requirements. The IRMA 50 achievement level means that the operations have met all critical requirements of the IRMA Standard, as well as at least 50% of the criteria in each of the four principles: (i) Business Integrity, (ii) Positive Legacies, (iii) Social Responsibility, and (iv) Environmental Responsibility.

The IRMA Standard is one of the most comprehensive global mining standard for industrial-scale mines and the only one equally governed by all stakeholders: mining companies, mineral purchasers, investors, organised labour, communities, and civil society NGOs.  

For more details on the assessment of Syrah’s Balama Graphite Operation, please visit IRMA's website.