Black Rock achieves world first, ultra-high graphite grade
FinFeed presents this information for the use of readers in their decision to engage with this product. Please be aware that this is a very high-risk product. We stress that this article should only be used as one part of this decision-making process. You need to fully inform yourself of all factors and information relating to this product before engaging with it.
Tanzanian graphite developer Black Rock Mining Limited (ASX:BKT) has reported a world first pilot plant production of ultra-high graphite concentrate grade of over 99% using flotation methods only.
The test was conducted as part of an upgrade program during recent pilot plant testing at SGS Lakefield in Canada for BKT’s 100%-owned Mahenge Graphite Project in Tanzania.
Mahenge Graphite Project is one of the largest JORC-compliant flake graphite Mineral Resource Estimates globally, with a Mineral Resource Estimate of 211.9m tonnes at 7.8% graphite (TGC) for 16.6m tonnes of contained graphite. Importantly, more than 50% of the Mineral Resource is in the Measured and Indicated categories.
It should be noted that BKT is an early stage play and anything can happen, so seek professional financial advice if considering this stock for your portfolio.
Here is a summary of the test production of Ultra class concentrate from Ulanzi:
Black Rock’s CEO John de Vries commented: “We are not aware of any deposit that is capable of producing 99.3% grade concentrate by standard flotation alone. Being able to generate ultra-high grade product using flotation is of significant value to downstream processors who are increasingly finding environmental constraints impacting their business. The value proposition of producing high specification concentrate has been validated by Syrah Resources’ recent announcement of planned increases of Balama concentrate grades to a targeted 97%-98% TGC.”
“We are particularly pleased with the minimal flake degradation during the additional polishing. With over 55% of the ultra grade concentrate reporting to the large and jumbo fraction, this simply underlines how remarkable Mahenge flake really is.”
“We believe through the consistent delivery of outstanding results and steadily progressing the project, Mahenge is demonstrating itself as the best undeveloped graphite project available globally.”
Pilot Plant Testworks SGS Lakefield in Canada completed the pilot plant test work, processing 90 tonnes of Mahenge ore, comprising 50 tonnes from Cascades and 40 tonnes from Ulanzi. Mechanical commissioning was completed on 21 March 2018 with primary circuit processing completed on 5 April 2018. Ultra grade concentrate was delivered by repossessing 97.5% premium concentrate.
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
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.
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.