Ann: Operational Update Graphene Production and Mining Activities, page-7

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29/05/17

09:29

Post #: 24961332
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Originally posted by bevter ↑

Looking very good from where I'm sitting...
"• Research work commences on university project • Graphite ore is regularly being brought to surface • Shaft H drive has advanced 11m toward a drill target at 14m. • Shaft J has commenced its drive toward a drill target that is 32m from the shaft. First Graphite (ASX: FGR) is pleased to provide an update on its graphene production and mining activities. University Projects Following the completion of all documentation work has commenced on the BEST Battery project at the Swinburne University of Technology whereby FGR has the ability to earn a 70% interest in a global licence for this revolutionary energy storage technology. Graphene Production During the month of May, the Company also announced that continuing optimisation of its graphene production cell has resulted in better than a 150% increase in capacity. The latest optimisation work has more than doubled the capacity of the cell so it can now produce up to 13 tonnes per annum with full utilisation, with the ability to produce at even higher rates demonstrated in some test runs, with as high as 300% improvement. Each cell now has the potential to generate sales in the order of $2m per annum as a result of these productivity improvements. The number of operating cells will increase in line with the growth in demand for graphene. The Company has submitted the necessary documentation to the Western Australian Department of Environmental Regulation (DER) for permitting of its new Henderson facility. It is anticipated DER approval will be received by the end of July, enabling the Company to move from its current shared location to premises in the Australian Marine Complex in Henderson, south of Fremantle in Western Australia.'
For any newbies it's worth reading the whole thing for yourselves.

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Agree sounds good but why no updates from Management on impacts of rain

http://www.news.com.au/world/asia/m...g/news-story/714a5204300e95c1d8f50ed9ddec0371

FGR Price at posting: 9.7¢ Sentiment: Hold Disclosure: Held
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