For the benefit of the unaware I thought I would post a couple references regarding the attempt Richland Resources made at restarting their Merelani graphite mine on their own. This is the announcement they released back in December 2012 which contains some very interesting data such as the previous non-JORC compliant flake distribution of the deposit ( 35% > 300 ym):
http://richlandresourcesltd.com/sit...3_valuation of Grapite production restart.pdf
Then 3 months later during March 2013 they released the following announcement regarding the signing of a Graphite Exclusivity and Right of First Refusal Agreement with a Major International Trading Company:
http://richlandresourcesltd.com/sit...files/6 Mar 2013 RRL Graphite Exclusivity.pdf
As it happened during February 2014 they signed the MoU with KNL regarding the joint venture etc. This is the reason why Merelani is such a big deal; not only is the flake distribution better then Epanko but only 3 months after Richlands announced they were looking at re-commencing the Merelani graphite mine they received interest from a Multi-national Trading Company (mentioned at the bottom of page 3 of: http://richlandresourcesltd.com/sit...iles/14 May 2013 RRL Ops and Sales update.pdf).
What is going to happen once the binding JV agreement has been announced? IMO we could see a flurry of off-take agreements signed shortly afterwards with graphite buyers fully aware of KNL's track record in regards to proving up Epanko.
I just hope that the current plant can significantly increase it's production capacity from 15ktpa because with the possible demand influx it will certainly need to.
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