4 December 2014

JACANA MINERALS LIMITED PROSPECTUS UPDATE

Syrah Resources Limited (ASX: SYR) advises that its former subsidiary Jacana Minerals Limited ("Jacana") has extended the offer period of its Replacement Prospectus dated 6 November 2014 via the lodgement of a Supplementary Prospectus dated 2 December 2014 in relation to its capital raising of up to $10 million at 20 cents per share.
All references to any of the key dates listed below in the Replacement Prospectus shall be replaced with the key dates set out below in accordance with the Supplementary Prospectus:

Note - the above dates are indicative only and may be varied by Jacana.
Copies of the Supplementary Prospectus and Replacement Prospectus are available at www.jacanaminerals.com.au. Anyone considering investing should read the Supplementary Prospectus and the Replacement Prospectus in its entirety before deciding whether to do so. Applications can only be made via the application form which is in or accompanies the Replacement Prospectus.
All eligible existing Jacana shareholders would have now received a copy of the Replacement Prospectus and are invited to apply for their priority entitlement of shares as set out in a personalised application form which has been sent to them, as well as being invited to apply for additional shares. Other potential applicants can contact Jacana to request a prospectus copy on + 61 3 9640 0955.
Jacana has also announced that ASX Bookbuild will be used to facilitate its Initial Public Offering ("IPO") . ASX Bookbuild is an electronic bookbuild facility operated by ASX and is part of the ASX public market infrastructure and trading system. The ASX Bookbuild facility commenced operation in October 2013 and
provides a fair, transparent and efficient process for issuing new capital, with defined allocation rules.
Syrah Resources Ltd (ABN 77 125 242 284). Level 9/356 Collins Street
Melbourne 3000 Australia Ph: 03 96707264
Syrah has supported Jacana in relation to the Demerger and IPO process. A copy of Jacana's recent IPO
presentation is available at www.jacanaminerals.com.au.
On behalf of the board:

Tolga Kumova Managing Director Syrah Resources Ltd

Syrah Resources Ltd (ABN 77 125 242 284). Level 9/356 Collins Street
Melbourne 3000 Australia Ph: 03 96707264