Peninsula Mines granted key graphite tenement

Published 12-JUN-2018 15:29 P.M.

|

1 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.


Click Here to View Latest Articles

Peninsula Mines Ltd (ASX:PSM) today announced that it has been granted a key exploration and mining tenement over the high-grade (>16% graphite) Gapyeong graphitic unit at the Gapyeong Graphite Project in South Korea.

PSM has been granted the key tenement — Gapyeong 125-3, that covers the bulk of the known strike length of the high-grade graphitic unit at the Gapyeong Graphite Project, located 50km east of Seoul.

Gapyeong Graphite Project and other Peninsula Mines project locations in South Korea

The company is now planning channel sampling and initial drilling to test for continuity of the high-grade graphite surface results, averaging more than 16% total graphitic carbon (TGC), that is already indicated by highly conductive electromagnetic survey results over a one kilometre strike length.

Drilling is set to commence — subject to final access agreements with local landholders — following the initial drilling programme at the Eunha Graphite Project, which is in progress.

Previous metallurgical concentrate results of 95.4% TGC have confirmed that a saleable flake-graphite concentrate (>95% TGC, <150m current pricing USD 800/tD6 ) can be produced from the Gapyeong graphitic unit.

A >5kg composite sample is now being generated for down-stream spherical graphite testing in Germany, with the objective of generating a >99.95% purity, value-added, spherical graphite product (current pricing USD 3,300/tD6 ) for Lithium-Ion battery anode manufacturers in South Korea.

Gapyeong Graphite Project, tenements, sample locations, mapped graphitic unit and EM anomalies

Peninsula Managing Director, Jon Dugdale, commented, “Now that the key tenement at Gapyeong is granted we are planning an initial drilling program to confirm the continuity and thickness of this very high-grade graphitic unit, before continuing drilling to define a high-grade graphite resource for potential development.”



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.

 

Discover Small Cap
Biotech Stocks

Join thousands of other Investors following our stock commentary for Free

X