Lokunia - AXE have 2 excellent graphite projects and 13.5 million dollars in the kitty to drill them agressively so there will be plenty of newsflow for the forseeable future and no cap raisings.
Campoona has excellent grades ( 10 - 15% ) of the higher priced flake Graphite and Sugarloaf is shaping up as very big amorphous graphite deposit. Waiting for more Campoona results to be released to the market any time and new drilling campaign begins next week.
Only 1% of their graphite exploration tenements in South Australia have been drilled so far, so you can see fundamentals are excellent.
Check out the MDs presentation'released to the market on Monday.
research help, page-3
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