Promising graphite results for Peninsula Mines

By Trevor Hoey. Published at Jun 27, 2017, in Small Caps

Peninsula Mines (ASX: PSM) has received promising results from metallurgical test work performed on representative samples from its Daewon graphite project in South Korea. This is one of a number of projects the company is exploring, and as a diversified operation with interests across the precious and base metals sectors PSM is shaping up as a highly prospective player in the niche South Korean market.

With regard to the latest results, these are extremely important as they will help PSM in progressing its strategy to build a critical mass of graphite projects in South Korea for selective drilled targeting and development with a view to achieving its goal of supplying concentrate to end users in that country.

Examining the range of results, one of the most impressive features was the high grade concentrate results, averaging 96.7% total graphitic carbon (TGC) and 81.8% graphite recovery from samples extracted from the Daewon graphite project in the northern region of South Korea.

Following initial encouraging results from metallurgical test work conducted on samples from the Daewon project, management took the decision to send samples for more extensive analysis which involved multiple grinding, cleaner and flotation tests.

It was this process that resulted in the delineation of very high grade concentrate which suggests it will be suitable for further downstream processing including micronisation, then spheronization to produce a spherical graphite concentrate for final purification and coating prior to lithium-ion battery anode production.

Testing is being undertaken to determine the spheronization potential of the Daewon graphite concentrate to determine if a sample product can be produced that is suitable for end users in the South Korean and Northern Asian markets.

PSM’s Managing Director, Jon Dugdale highlighted that the Daewon graphite project is the second flake graphite project in South Korea where the company has achieved high purity graphite concentrate results.

Commenting on recent developments, Dugdale said, “These excellent metallurgical results, plus the addition of four new projects, are critical milestones towards building our strategy to establish a critical mass of flake graphite projects in South Korea with demonstrated metallurgical characteristics suitable for lithium-ion battery and/or expandable graphite and user applications, and production potential to feed these rapidly growing industries”.

It is still early stages for PSM though and investors should seek professional financial advice if considering this stock for their portfolio.

Dugdale noted that the company was in ongoing discussions with Korean end-users with the objective of generating new cooperative agreements in addition to the offtake and development cooperation Memorandum of Understanding recently signed with Graphene Korea.

Peninsula applies for four new flake graphite projects in South Korea

In further promising news, PSM announced that it had applied for tenements over four new graphite projects in South Korea, all of which have evidence of flake graphite bearing units.

Two tenement applications are located approximately 80 kilometres South of Seoul where Korean Mineral Promotion Corporation (KORES) previously reported surface exposures of graphitic units over a 1 kilometre strike length and sample analyses ranging from 13% to 50% TGC.

The company has also applied for two tenements located close to the north-east coast of South Korea where a number of graphitic units with widths between 3 metres and 5 metres were inspected, and nine samples collected for analysis.

Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.




S3 Consortium Pty Ltd (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 only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!