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Seems Brett Boynton, CEO Stratmin, is taken with the Australian...

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tobyjack

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05/08/15

21:37

Post #: 15757870
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Originally posted by Jonno07 ↑

New CEO Brett Boynton in place since end of May who is currently in Australia promoting and...

Stratmin is currently selling all their graphite above 94% to their "secret" off take partner Asbury Carbons, recent port export data revealed an average sales price of US$1400 per ton.

Phase 1 : 18.000 tonnes
Phase 2: 30.000 tonnes

Taken from recent Benchmark interview:

But Boynton believes with its expansion plans and a new partner, leading Indian producer Tirupati Carbons & Chemicals Pvt Ltd, it can ramp up its output over the next two years and place both Stratmin and Madagascar among the leading producers outside of China.

“Stratmin now has the platform and the partnership in place to significantly increase capacity, but with all of the experience of our pilot project the risk is substantially mitigated...once we have built this out it will be a sustainable low cost source of graphite,” the CEO explained.

Boynton outlined to Benchmark the company’s blueprint for expansions in a country that is presently the world’s 6th largest producer of flake graphite.

Phase one will see an expansion of the Loharano operation to 18,000 tpa, in essence replicating the successful 6,000 tpa plant twice over to bring significant new capacity on-stream.

A concurrent project will see the company work with Tirupati on a new site closer to Madagascar’s Tamatave Port, which is aiming for a 12,000 tpa flake graphite capacity.

Should Boynton successfully implement the plan, Madagascar would increase its graphite output four-fold to 30,000 tpa and leapfrog Norway, Russia and India to become the world’s third largest graphite producer.

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Seems Brett Boynton, CEO Stratmin, is taken with the Australian "enthusiasm" for graphite and might consider an ASX listing....why not, I'm sure we've got room for another one in our already crowded sector........................

StratMin may consider ASX listing as Madagascan graphite project advances

By LAURA SYRETT
Published: Wednesday, 05 August 2015
The AIM-listed company said that it would consider making a move onto the Australian market to take advantage of the local enthusiasm for graphite, but CEO Brett Boynton said that any such decision is contingent upon further progress at its Loharano mine and exploration projects in Madagascar.

Brett Boynton, CEO of StratMin Global Resources Plc, has said that the graphite company may consider listing on the Australian Securities Exchange (ASX) in the future, to take advantage of the Australian fervour for graphite mining and technology research.

Speaking to IM, Sydney-based Boynton said that there is a "very vibrant...

http://www.indmin.com/Article/34773...-as-Madagascan-graphite-project-advances.html

Last edited by tobyjack: 05/08/15
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