IM Graphite News in Brief 3 – 9 July

By Laura Syrett
Published: Thursday, 09 July 2015

Valence keeps ramp up pace at Uley; Talga collaborates with Haydale on graphene.

Australia-based Valence Industries Ltd has announced that throughput rates at the company’s Uley graphite processing plant in South Australia has reached 15 tph, and is increasing towards its nameplate capacity of 20 tph.

The company expects to reach full production by September and said it has made good progress in ramping up operations at the facility over the last three weeks. The plant has been operating around the clock, subject to stoppages every few days for process enhancements and calibration.

Valence is developing the past-producing Uley graphite mine on the Eyre Peninsula and is currently processing stockpiles from the site’s previous operation with an average contained graphite content of 6%. This will increase to 12.1% when the company transitions to run-of-mine material from Uley’s pit two.

Lamboo Resources Ltd expects to shortly commence drilling at target four at its McIntosh graphite property in East Kimberley, Western Australia, where the company is looking for copper and nickel sulphide mineralisation, as well as flake graphite.

In an update on operations at McIntosh, ASX-listed Lamboo said it has completed six diamond drill holes at the site to date and identified thick visual intersections of more than 50 metres of flake graphite schist at the project’s target six, where a large antiformal structure has been confirmed.

In Canada, Nouveau Monde Mining Enterprises Inc. has reported grades ranging between 5.4% C and and 7.73% C from 18 grab samples taken during a preliminary 2015 prospecting programme at its Matawinie graphite project in St Michel-des-Saints in Quebec.

The company said that the results further expand the graphite mineralisation observed previously over the project’s Tony claim block and confirm that the 12km-long anomaly identified could host sizeable mineralisation.

Nouveau Monde expects to complete line cutting over the Tony block next week. Results from the work will be used to plan upcoming drilling and trenching programmes at the site.

In Tanzania, fellow ASX-listed Black Rock Mining Ltd is awaiting assays from the Epanko northeast iode of the Mahenge graphite project, which has an initial exploration target of between 30m and 60m tonnes at grades of 8-12% C.

Black Rock currently has two rigs conducting infill drilling at the property and is aiming to deliver a JORC resource by the end of this year.

TSX-V-listed Lomiko Metals Inc. and Canada Strategic Metals Inc. have received two 5,000 metre drilling permits for the La Loutre flake graphite properties in Quebec.

Once the present drilling programme is complete, La Loutre will be assessed for a resource followed by a preliminary economic assessment, if warranted.

In financial news, UK AIM-listed StratMin Global Resources Plc has raised gross proceeds of £625,000 ($960,000*) through placing 15.625m new ordinary shares at a price of £0.04/share.

StratMin intends to use net proceeds from the placement to progress with bankable feasibility studies at its Mahefedok graphite project in Madagascar, which it is developing in cooperation with India-based Tirupati Carbons and Chemicals Group Ltd, and for general working capital.

Northern Graphite Corp. has closed a short form prospectus offering, pursuant to which the company sold just over 2.1m units at a price of Canadian dollar (C$) 0.60/unit ($0.47/unit) for gross proceeds of C$1.261m.

The company paid Secutor Capital Management Corp. a cash commission of $67,697 for agency services related to the offering.

Northern intends to use the net proceeds of the raising to fund ongoing permitting necessary for the construction of its Bissett Creek graphite mine in Ontario; conduct additional product qualifications work for producing purified graphite suitable for batteries; and for general working capital.

ASX-listed Kibaran Resources Ltd has announced that its managing director, Andrew Spink, has increased his shareholding in the company from 9.63% to 10.75%, or just over 18m shares.

Spinks acquired the additional shares for Australian dollar (A$) 217,000 ($161,422), or A$0.17/share, through a loan from the company.

Kibaran is developing the Epanko graphite project in Tanzania, near to Black Rock Mining’s project site.

Finally, in graphene news, ASX-listed Talga Resources Ltd has agreed to collaborate with UK-based Haydale Graphene Industries Plc to jointly explore business opportunities for graphene.

Under the non-binding term-sheet, Talga will supply graphene and graphitic carbon nanomaterials to AIM-listed Haydale, which will modify the materials for specific applications.

Haydale and its subsidiary companies operate purpose-built graphene facilities in South Wales and are focused on developing applications in inks, sensors, energy storage, photovoltaics, composites paints and coatings.

Talga owns two graphite mines in Sweden and recently announced plans to build a graphene production centre in Rudolstadt-Schwarza in Germany, where it will process natural graphite ore into graphene products.

IM’s 5th Graphite & Graphene Conference will be held on 8-9 December at the Waldorf Hilton in London. For more information, contact Peter Gilfillan

*Conversions made July 2015