Ann: Long Term Commitment on Vein Graphite Supplies, page-71

FGR is in the magic position of delivering direct shipping and helping these patents turn into products where we all benefit. We can give them discount GRAPHENE and that is worth a share of the Profit ...


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Long Term Commitment on Vein Graphite Supplies


Feedstock to de-risk graphene growth strategy


First Graphite (ASX: FGR) is pleased to announce a long-term supply agreement with a third party for high-grade Sri Lankan vein graphite.

http://au.i3investor.com/servlets/anpth/637843.jsp


Highlights

• Security of supply enhances the ability of the Company to ramp-up production of graphene in line with expanding market demand

• A second shipment, of 40 tonnes, represents part of long-term supply arrangements. This second
shipment is in Colombo port and ready for shipment.

• Vein graphite supply sourced at a discount to market prices.

• Third party feedstock will augment what is to be produced by FGR’s own shafts.


Graphite Feedstock for Graphene Production

FGR is pleased to announce it has entered into a commitment under which it has a guarantee of vein graphite for a two-year period, for up to 1,000 tpa.

This feedstock will augment the supplies that will come from FGR’s own mining operations.

Having established an ability to produce high quality graphene at low cost, in bulk volumes, the Company is conscious of the need to improve the certainty of vein graphite to be used as feedstock.

A number of potential customers are currently being supplied with graphene samples for testing in their manufacturing processes for graphene enhanced products.

The Company needs to ensure that it can meet any orders that may come from this test work.

Hence, the importance of the supply off-take agreement.

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Lets stay focused on this amazing news! Great points NEBU !!!






Kind Regards

DYOR!!!