Friday 9th December 2016

Resource Clips


Repeating history

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The same day Focus got slapped down, Graphite One Resources TSXV:GPH announced more drill results from its Graphite Creek Project in Alaska:

  • 4.02% carbon over 127.81 metres
  • (including 6.32% over 29.29 metres)
  • (including 5.02% over 27 metres)
  • 4.26% over 112.03 metres
  • (including 6.09% over 48.84 metres)
  • (including 8.06% over 29.21 metres)
  • 5.39% over 172.79 metres
  • (including 10.03% over 54.87 metres)
  • (including 12.01% over 42 metres)
  • 4% over 146.77 metres
  • (including 6.56% over 57.77 metres)
  • (including 10.14% over 31.77 metres)

Depths extend to 179 metres. With 14 of 18 holes released, the company says drilling verifies that a 16-kilometre-long EM conductor found last July correlates with high-grade large-flake graphite mineralization.

In Madagascar, Energizer Resources TSX:EGZ continues to push its Molo Deposit towards an initial resource estimate. Some highlights from the company’s September 19 assays include

  • 6.55% carbon over 207 metres
  • 6.9% over 96.81 metres
  • 5.68% over 91.7 metres
  • 6.3% over 68.73 metres
  • 5.44% over 92.91 metres
  • 5.1% over 158.13 metres
  • 7.08% over 130.3 metres

[With graphite] one technology does not supersede another. Its incremental demand just builds. On average, graphite demand steps up every 15 to 20 years and, if the past is anything to go by, we are on the cusp of a new era.—Simon Moores, quoted in the Gold Report

Depths extend to 278 metres. Molo is part of the Joint Venture Property in which Energizer holds a 75% interest and acts as project operator. The JV Property surrounds Energizer’s wholly owned Green Giant Property on three sides. Green Giant was a vanadium property with a 2011 resource estimate until a chance finding of graphite transformed the project.

Another advanced project, Flinders Resources’ TSXV:FDR Kringel Mine in central Sweden, produced a resource estimate on September 18. Using a 7% carbon cutoff, the measured category shows 1.5 million tonnes grading 10.4% while the indicated category shows 1.1 million tonnes grading 10.7%. Once again, this is a company exploiting an historical advantage. Its mine produced graphite from 1996 to 2001 and has been on care and maintenance since.

Northern Graphite’s TSXV:NGC Bissett Creek is probably the most advanced graphite project of any company trading in Toronto. In late August Northern announced a feasibility study for this eastern Ontario location. The study envisions a $102.9-million capex for an open pit with a 2,500-tpd plant producing 18,600 tonnes of graphite concentrate annually grading 94.5%. Cash costs come to $851 a tonne. About 80% of production will be +80 mesh flake graphite.

In an interview published by the Gold Report on September 25, Industrial Minerals graphite expert Simon Moores talks about the commodity’s “layers of demand.” Over the last century graphite took on industrial uses first as a lubricant, then in steelmaking, he explains. Batteries created a new layer of demand, while the wonder material graphene holds future potential.

With graphite, he emphasizes, “one technology does not supersede another. Its incremental demand just builds. On average, graphite demand steps up every 15 to 20 years and, if the past is anything to go by, we are on the cusp of a new era.”

Read more about graphite and its future.

Read more about Standard Graphite, Lomiko Metals, Focus Graphite, Energizer Resources and Northern Graphite.

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