Syrah Resources Limited (Syrah) is an Australia-based mineral exploration and evaluation company. In Saudi Arabia, Syrah holds 26 applications for exploration licenses covering 2,000 square kilometers of the Arabian Shield. These applications cover known mineral occurrences and extensions to mineral belts known to contain copper and gold mineralization and ancient working. The Company's focus in the fiscal year ended June 30, 2011 (fiscal 2011) was to expedite the approval process for the applications at the Deputy Ministry for Mineral Resources (DMMR). The Lyndhurst Project comprises two exploration licenses (EL) located approximately 50 kilometers northeast of Leigh Creek in the northern Flinders Ranges. The licenses, Mt Lyndhurst (EL3522) and Mt Lyndhurst South (EL3550), cover 842 square kilometers. In September 2009, Syrah entered into a joint venture with Zurich Resources Pty Ltd to continue exploration at Lyndhurst.