This Korean deposit is in the home backyard of major users.
Top line grades and specification can lead to partnerships and offtakes
from todays release
In parallel with the resource drilling programme at Eunha, additional metallurgical testing on a combined Eunha North and Roadhouse composite sample grading 6.7% total graphitic carbon (“TGC”) has confirmed a very-high concentrate grade of 96.7% TGC (target >95% TGC) ( see Appendix 1)D2.
This confirmation of the high concentrate grades achievable at Eunha will allow Independent Metallurgical Operations (“IMO”) to complete the generation of the >5kg, high-grade (>96.5% TGC) concentrate sample, to be sent to a German spherical graphite processing specialist for spherical graphite testing, including micronisation (to less than 20 micron), spheronisation, then thermal, non-fluoride, purification with the objective of generating a >99.95% TGC purity, uncoated spherical graphite product suitable for lithium-ion (graphite) battery anode production in KoreaD2,D3.
The Eunha graphite deposit is the best candidate for the down-stream spherical graphite testing due to a low proportion, of 13.6%, of <20 micron graphite in the final concentrate sample, indicating limited expected loss of fine graphite during the micronisation and spheronisation process. The project is also located close to the Dangjin Port in Chungnam Province, where the Company has been offered an industrial site for downstream, spherical graphite, processing facilities – and any fine graphite residue may be sold to one of several steel making plants in the area to provide a by-product credit.
Drilling for resource upgrade is now underway..watch closely
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