StratMin Global Resources
Plc has signed a strategic partnership with privately
owned Indian graphite miner,
and Chemicals Ltd, for collaborative graphite mining
Under the terms of the binding deal, UK
AIM-listed StratMin, which owns the
operating Loharano graphite mine and plant in Madagascar, will
earn a 45% interest in Tirupati’s
subsidiary, Tirupati Resources Mauritius Pvt Ltd, which gives
it a stake in the Vatomaina graphite project, also in
The companies will jointly fund the
development of a 12,000 tpa mine and processing plant at
Vatomaina, while StratMin will develop a second 12,000 tpa
facility at its Mahefadok project, which is adjacent to
Loharano, with technical support and investment from
Separately, StratMin announced that it has
completed a preliminary scoping report at Mahefadok and said
that testing of samples from the project have confirmed a
strike 1.5km long and 150 metres wide. The company now plans to
proceed directly to a bankable feasibility study for its
planned 12,000 tpa plant.
Nearby, TSX-V listed DNI Metals Inc.
has entered into a definitive agreement to buy a graphite
exploration project in Madagascar through its subsidiary, DNI
Metals Madagascar Sarl.
Pursuant to the agreement, DNI will
acquire a mining permit for the property for $400,000 cash. The
company has also agreed to issue 4m common shares for the
exclusive right to negotiate the acquisition of the
Dan Weir, DNI’s CEO, recently
that he believed graphite projects in Madagascar had a stronger
chance of succeeding than developments in other parts of the
world, owing to the quality of the geology and the
country’s history of graphite production.
DNI currently has a revenue stream from
its partnership with fellow TSX-V-listed Great Lakes Graphite
Inc., which it supplies with graphite from Brazil as a
feedstock for Great Lakes’ micronisation facility
in Matheson, Ontario.
In addition to its micronisation facility,
Great Lakes is also developing the Lochaber graphite project
near Buckingham in Quebec, where the company recently completed
an inaugural resource estimate for 4.01m tonnes graphite at an
average grade of 4.01% C, using a 2.45% C cut-off.
Last week, Great Lakes revealed it had
formed a technology partnership with Ontario-based Process
Research ORTECH to commercialise its process for purifying
flake graphite to a grade of 99.9% C.
Also in Canada, Focus Graphite
Inc. has parted company with its CEO, Don Baxter,
citing "a significant divergence of vision".
Focus has nominated Gary Economo as its
president and chief operating officer on an interim basis and
said that it has begun recruiting for a replacement. The
company is developing the Lac Knife graphite project in
Baxter meanwhile has been appointed co-CEO
and member of the board of directors of TEX-V listed Alabama Graphite
Corp., which is developing the Coosa and Bama graphite
projects in the US, state of Alabama.
Alabama Graphite this week announced a
brokered private placement to raise up to Canadian dollar (C$)
2.5m ($2.04m*) from the sale of 12.5m units in the company at a
price of C$0.20/unit.
Each unit is comprised of one common share
in the company and one half of one common share purchase
warrant. Each whole warrant entitles the holder to purchase one
common share in the company at an exercise price of C$0.35 for
a period of 36 months.
The company used First Republic Capital
Corp. as its agent for the placement and said it
intends to use the net proceeds from the capital raising to
fund drilling programmes at its Alabama properties.
Inc. has selected the Jean-Noel Tessier Industrial
Park in Baie-Comeau, Quebec, as the site of its proposed
graphite processing plant as part of its Lac Gueret mining
The company said it selected the
Baie-Comeau location owing to a range of benefits offered by
the regional development corporation and Baie-Comeau City
authority, which include a declining property tax credit over
five year and a commitment by the city to enable the plant to
connect to the local infrastructure.
Mason said that acquisition of the land at
the proposed site is subject to certain conditions, including
obtaining the requisite permits and approvals and construction
Staying in Quebec, Lomiko Metals Inc.
Strategic Metals Inc. have started exploration at the
La Loutre and Lac des Iles West graphite properties.
Phase one of the 2015 exploration work at
La Loutre consists of a 5,000 metre delineation and definition
diamond drilling programme to outline potential mineral
resources, while mapping and sampling will be carried out at
Lac des Iles to determine strike length.
ASX-listed Syrah Resources
Ltd has reported that an initial economic assessment
of its planned coated spherical graphite facility in the US has
indicated initial capex requirements of approximately $80m,
with annual cash operating costs of $3,200/tonne FOB for coated
According to the company, the facility is
set to be the largest of its kind in the world and will produce
25,000 tpa coated spherical graphite and 25,000 tpa 95% C
recarburiser as a by-product. Feedstock for the plant will come
from Syrah’s Balama graphite project in
The company said that feedback from
samples set to major electric vehicle and battery producers
indicated strong demand for the its material. Syrah added that,
based on discussions with potential customers, selling prices
for coated spherical graphite currently stand at
Ltd has signs a heads of agreement deal for the option
to acquire a 75% interest in two graphite projects in southeast
Sulawesi, Indonesia, from Singapore-based Carbon Carbon Pte
The Bone Bay and
Laeya River projects are both on the Indonesian Department of
Energy and Mineral Resources’ 'Clean and
Clear’ registry, according to Krakatoa.
Bone Bay is a
99.48 ha (1km2) exploration site, located on the
coastal road close to the port city of Kolaka. Laeya River,
meanwhile, is situated close to the city of Kendari and covers
98 ha (0.98km2).
proposing an initial four-to-five month exploration programme
at Bone Bay.
news, Ontario-based Northern Graphite
Corp. has filed a preliminary prospectus with the
Canadian securities regulatory authorities for a proposed
offering of up to 3.906m units at a price of C$0.64/unit for
gross proceeds of C$2.5m.
Each unit will
consist of one common share and one half common share purchase
warrant, with each whole warrant exercisable to acquire one
common share at the company at a price of $0.80 per share for a
period of 24 months.
Northern Graphite intends to use the net
proceeds of the offering to fund ongoing permitting for the
construction and operation of its Bissett Creek graphite
project in Ontario.
*Conversion made June