Graphite moves to processing
Graphite developer, Next Graphite is set to commence with processing of its graphite content in the near future. This is the hope of its Chief Executive Officer, Cliff Bream who recently expressed his desire to see the mine engage in value-adding activities.
“Our joint venture is in the process of building our stockpile of graphitic material and continuing our underground surveys and engineering. Additionally, we will soon commence a new Economic Impact Assessment, which is required as part of our application package for a full mining license. Plant construction will begin once our full mining license has been approved. We hope to see our plant completed in the fourth quarter of 2017.”
It appears that the stars are aligning perfectly for Bream and his Next Graphite crowd, with negotiations underway with a host of potential off-takers.
“We announced a Letter of Intent with one off-taker on March 24 2016. We are in active discussions with other off-takers, as well, regarding sale of some of our stockpiled graphitic material. We will of course be transitioning to the sale of processed graphite once our plant has been constructed,” added a positive sounding Bream.
Continued Bream, “Our joint venture with CKR Carbon calls for the construction of a graphite processing plant on our Aukam mining site. It will be initially targeted to have a capacity of 5000 tonnes per year. The quality of our “lump” vein graphite, as confirmed in third party laboratory reports, is very high and we believe there will be significant demand for it. This high-end, clean graphite with its low sulphur content is highly sought-after for important industrial applications, and worldwide supply is constrained since it is available in only a few locations, including our Aukam site in Namibia. Production of our high-grade processed graphite could begin as early as the end of 2017.”