Highlights
Completion of the Large Scale Pilot Program (“the Pilot Program”) has confirmed very high yields and coarse flake production results that are consistent with positive results previously published
The Pilot Program has confirmed that Maniry Large Flake Graphite concentrate is highly suitable to feed its proposed Expandable Graphite Production plant with JV Partner, Metachem
High fixed carbon (“FC”) results averaging 95.87% further demonstrate that Maniry Graphite Concentrate is highly suitable to the production of Lithium-ion batteries and could be used extensively in the production of Electric Vehicles (“EV’s)
The Pilot Program has allowed the Company to establish its production plans with specific data provided to assist with final plant and flow sheet design
The results will be used to assist in the fast tracking of the Company’s Definitive Feasibility Study (“DFS”) which will include, in the short term, the appointment of preferred globally recognised engineers
Samples from the plant processing have been requested by three Tier 1 downstream, global processing companies that are significant suppliers to the rapidly expanding EV and high growth alternate graphite related markets
