This ELA20013/00175 is a great window of opportunity here for Trafford. and more importantly, South Australia's remerging Graphite industry is going to be a large success story. The world wants Graphite, at the moment, as it has so many industrial applications, and there are plenty of big players financiers wanting to step in (Offtake agreements)
I rang up the South Australian Department of mines yesterday, and spoke with a nice girl, who says ELA's usually don't take that long, usually less than a year, but the request has to go through a variety of government departments according to what mineral is sought for exploration.
The advantages of graphites exploration, is that the ore bodies are extremely easy to find, map and target with Airborne Electromagnetic surveys. Archer exploration were able to bring their deposit up to JORC Proven Probable Reserves in 9 months from first drill.
The position of this tenement would be favorable as there is large infrastructure already in place, roads, towns and ports. And there is a large Manufacturing/ Processing factory facility directly next door. Could there be a future alliance next door with Valence VXL to process the Graphite with a toll treatment program, to extend their life capacity beyond 7 years of mining reserves?
Trafford could excite next few months, if they are successfully granted this Graphite tenement, with many ongoing developments.
Fingers crossed.
TRF Price at posting:
7.2¢ Sentiment: LT Buy Disclosure: Held
