Australian explorer Syrah
Resources Ltd has signed a statement of sales intent
(SSI) to supply graphite to
Hiller Carbon LLC, which provides carbon materials to North
American electric arc furnace steel producers, among other
customers in the paper, foundry, lime, polymer and chemical
The SSI is valid for a five-year period,
with prices for Syrah’s graphite negotiated on an
annual basis. Hiller intends to purchase 25,000-35,000 tpa
graphite from Syrah’s Balama project in
Mozambique, for use as a natural recarburiser.
Hiller will also be granted exclusive
rights to sell the Balama recarbursier within the US, Canada
and Mexico. The companies intent to investigate the potential
for using Balama material in other applications.
TSX-listed Alabama Graphite
Corp. has completed downstream lithium-ion (Li-ion)
battery tests on coated spherical purified graphite (CSPG),
produced from flake graphite from the company’s
Coosa Graphite project in Alabama, US.
A total of 60 CE2016 Li-ion half-cell
batteries were produced in the US using Alabama
Graphite’s CSPC as a material component.
Test results demonstrated that the
company’s graphite responded well in CR2016 Li-ion
battery coin cell performance testing, achieving near
theoretical electrochemical performance.
"The test results confirm Alabama
Graphite’s potential midstream capability to
manufacture and tailor Li-ion battery anode grade graphite in
order to create value-added products to meet highly demanding
downstream customer specifications," the company said.
Alabama Graphite also said this week that
it is not planning to pursue the graphene business any further,
until a major commercial application for the nanocarbon
In Africa, ASX-listed Magnis
Resources Ltd also announced positive test results on
the suitability of graphite sourced from its Nachu graphite
project in Tanzania as anode material for Li-ion batteries.
cycle efficiency rate of 97.1% was achieved, equating to a loss
of only 2.9%, which the company said is an improvement of 42%
over synthetic graphite. A surface area (BET) of 4.09
m2/gt and tap density of 0.87 g/cc combined with the
first cycle efficiency was also achieved.
were carried out in North American laboratories using Nachu
graphite concentrate as a feedstock, and micronised coated
Nachu graphite upgraded to 99.8% TGC without chemical or
results confirm that graphite from the Nachu project has the
potential for high end energy and power applications like
Li-ion batteries used in the electric vehicle market," Magnis
African resources financier Nedbank has offered Australia-based
Kibaran Resources Ltd up to $30m in additional
funding for the company’s Epanko graphite project
company recently lodged indicative terms and conditions for a
senior debt financing deal with German bank KfW IPEX-Bank for
up to $40m.
Start-up financing for Epanko has been
estimated at $77m, and the company has already secured 10-year
offtake agreements with German conglomerate ThyssenKrupp and
10,000 tonnes with a European graphite trader.
Elsewhere in Tanzania, fellow Australian
explorer, Black Rock Mining Ltd, has said it
will focus on its core Mahenge graphite project, choosing not
to exercise an option to purchase the Bagamoyo prospects.
According to the company, a drill
programme on the Bagamoyo zone in December yielded poor
results, failing to find significant intervals of graphite
Exploration work at the Mahenge prospect
meanwhile has facilitated the discovery of significant
intervals of graphitic gneiss, including a 123 metre graphitic
A scoping study has now commenced Mahenge,
as recent drilling and ongoing metallurgical work are expected
to lead to a maiden graphite resource next month.
The Ontario Ministry of
Environment in Canada has approved an amendment to
TSX-V-listed Great Lakes Graphite
Inc.’s air/noise permit for the
company’s Matheson Micronisation Facility, which
the company is in the process of commissioning in Ontario.
Great Lakes is now fully permitted and has
all the required approvals from the Ontario government, local
aboriginal communities and the community of Matheson to proceed
with the project.
It is aiming to start production of
micronised graphite this quarter, for supplying a regional
In Australia, Hexagon Resources
Ltd has released the results of metallurgical tests on
samples from the company’s McIntosh graphite
project, which is located in East Kimberley in Western
Diamond core assays yielded grades ranging
from 4% C to 6% C over intersections of up to 62 metres.
The company is planning to release further
bulk scale metallurgical results over the coming weeks.
Finally, Vancouver, Canada-based
Graphite One Resources Inc. has completed and
closed the first tranche of its Canadian dollar (C$) 600,000
($420,470*) non-brokered private placement.
The company has issued 4.8m units at a
price of C$0.09/unit for a total of C$424,090 pursuant to the
closing of the placement, with each unit consisting of one
common share and one transferable common share purchase
Each warrant allows the holder to buy an
additional common share of the company at C$0.12/share on or
before three years from the closing date.
Net proceeds of the offering will be used
for the exploration and development of the
company’s Graphite Creek project in Alaska, US,
and for general working capital purposes.
*Conversion made January 2016