Fantastic announcement, upto 500kg of graphite recovered per day from each shaft.
I am so glad that management have provided this detailed update on mining,
It has been one of my major concerns that would limit the company from making a long term graphene sales agreement. Finally with this update it has removed this concern,
It is also fantastic news that
"Negotiations are currently underway that could lead to the doubling of this stockpile size in the coming months". I wonder if this is to do with extending our supply agreement, We still have around 9 months with our existing supply agreement with the Sri Lankan Government mine.
I did find it odd that left out one graphite project from the update.
FYI, if anyone is interested in how large FGR resource could be, here is a assessment on the Radedara Graphite mine. ( Elcora )
Number of economical viable Veins: 19
Average width of the Vein: 30cm
Average length of the Vein: 25m
Depth of ore: 600m
Specific Density of Graphite: 2,26 g/cm³
Total Indicated Mineral Resource: 193 000 t
View attachment 1029538
I do have one question, On the last page should it say June 2019 Or June 2018 ?
The June 2019 plan includes;
• there being zero HSE incidents,
• ramping to a 200 tonne per annum graphite production rate,
• a rationalisation of the mine dewatering system and improved mine ventilation network and
• a modification of the mine haulage system to facilitate the additional depths and mining rates.
