ASX-listed Valence Industries
Ltd will reduce its workforce by 60% at both its Uley
mine in South Australia and its Adelaide corporate office.
The decision comes as part of a general
move to reduce costs and to operate the existing Uley plant at
50% of its nameplate capacity until April 2016, while a process
improvement programme is carried out.
Separately, the company announced that
commissioning and ramp up of production at UIey is continuing,
with concentrate grades of up to 94% produced including "high
proportions" of large flake sizes.
It said that that bottlenecks had been
identified which, when removed, will increase production
capacity by over 50%.
Ltd, also listed on the ASX, said that its
Balama graphite project in Mozambique is on track to begin
production in the first quarter of 2017.
The company said that that detailed
engineering design work was progressing as planned and that
long-lead capital equipment items had been identified and would
be ordered in the coming months.
Syrah added that the plant will have a
feed rate of 2m tpa with an average head grade of approximately
19% total graphitic carbon (TGC) over its first 10 years of
operation. This will result in installed capacity of 356,000
tpa of over 95% C concentrate.
The company completed an A$211m ($149m*)
capital raising programme this month to advance the development
of the project.
ASX-listed Lanka Graphite
Ltd has signed a material collaboration agreement with
the National Taiwan University of Science and
Technology for the supply of high grade vein graphite
from its central and western Sri Lankan projects.
The company has secured the future rights
to commercialise the research intellectual property.
Lanka’s managing director, Emily Lee, said that
the deal was a step forward towards the company’s
goal to become "a key player in the Asian high-value end user
Sayona Mining Ltd
– another ASX-listed explorer – has announced
the results of its Brazilian Itabela graphite project pilot
plant testing programme, which it said produced "high-value,
high-purity, jumbo and large flake graphite".
The company added that ultra-high purity
graphite of over 99.9% C was produced via a simple purification
process and added that it is well positioned to supply a
multitude of markets that command premium pricing.
ASX-listed Bass Metals
Ltd is set to proceed with its acquisition of
StratMin Global Resources Plc subsidiary,
The company announced that due diligence
work had been completed and said that it is now moving to fund
the first tranche of the purchase.
Ardiden Ltd –
also ASX-listed – announced it has discovered an
extensive outcropping flake graphite on a previously unexplored
2.6km anomaly, labelled Silver Star.
The company said a mapping and sampling
programme at the site is currently underway, and approvals have
been lodged for a drill programme to confirm the scale of the
Perth-based Walkabout Resources
Ltd completed a versatile time domain electromagnetic
(VTEM) survey across two areas of its Lindi jumbo graphite
Drilling has now commenced on a number of
drill targets, the majority of which, the company said,
coincide with high-grade large flake graphite occurrences
previously sampled and reported.
The Lindi project is contiguous and
directly to the east of the Walkabout’s Nachu
graphite project, which is currently undergoing development
ASX-listed Triton Minerals
Ltd announced that substantial graphitic
mineralisation had been confirmed at its Ancuabe site in
It said that initial drilling confirmed
that mineralisation is continuous over a strike length of 550
metres within a 2.5km target strike length, intersecting a
number of mineable zones of large and jumbo flake graphite.
An environment impact assessment (EIA) is
continuing on schedule and an initial feasibility study of the
site is being carried out.
In financing news, TSX-V-listed
Graphite One Resources Inc. said that it is
increasing the amount of funds it is seeking to raise via a
non-brokered private placement offering from C$1m ($0.75m) to
The company will issue up to 21.43m units
at C$0.07/unit, with each unit consisting of one common share
and one transferable common share purchase warrant, entitling
the holder to buy a further share at a price of C$0.10/share
within a three-year period.
The proceeds from the fundraising project
are to be used for the exploration and development of Graphite
One’s Graphite Creek project as well as for
general working capital purposes.
ASX-listed Metals of Africa
Ltd announced that an A$3m placement of 66.8m shares
at A$0.045/share has received "strong support" and consequently
Via the placement, the company has fully
funded a number of project delivery milestones including a
pre-feasibility study and JORC resource for its Montepuez
Central graphite project in Mozambique.
In graphene news, TSX-V-listed
Flinders Resources Ltd’s Swedish
subsidiary, Woxna AB, has been selected as an
industry partner within Svenskt Grafen, a Swedish
government-funded programme to research and commercialise
graphene production from Swedish-sourced graphite.
Flinders said that its flagship Woxna
graphite mine and processing facility is production-ready and
fully permitted. The company added that Woxna – the
only graphite mine in Sweden and one of just two in Europe
– was a "natural partner" for the programme.
The Woxna mine has a rated capacity 13,000
tpa flake graphite. It has not been in production since 2001,
when it ceased operation after a five-year run due to falling
TSX-V-listed Zenyatta Ventures
Ltd said it had received positive test results from
Israel’s Ben Gurion University
relating to its Albany graphite.
Studies found that the product has
properties with "positive attributes for use in multiple
Dr. Oren Regev, associate professor at the
university’s department of chemical engineering
said: "We believe that this is a high value special material
with unique characteristics that could make Albany graphite the
preferred material for conversion to valuable graphene
Finally, Haydale Graphene
Industries Plc has been awarded research grants
totalling £450,000 ($689,000) by the UK government.
Receipt of the funds is subject to completion of final grant
documentation and the achievement of various project
The new projects to be funded by the
grants include the development of low cost, self-cleaning
graphene-enhanced coatings for industrial membranes used in the
cleaning and filtering of waste water and swimming pools; the
development of resins and coatings for use in safety critical
composite applications such as aircraft primary structures,
pressure vessels, yachts and car chassis structures; and an
investigation into the feasibility of developing "type V
liner-less thermoplastic composite hydrogen pressure vessels"
for hydrogen powered fuel cell vehicles.
Haydale CEO, Ray Gibbs, said that
government assistance is "vital in accelerating the
commercialisation of graphene based composite products".
*Conversions made September