Alabama Graphite (“AGC” or the “Company”) (TSX VENTURE:CSPG) (OTCQB:CSPGF) (FRANKFURT:1AG) is pleased to announce that independent engineering firm AGP Mining Consultants (“AGP”) of Barrie, Ontario has been awarded the definitive contract by AGC for the Feasibility Study of the Company’s flagship project, the Coosa Graphite Project, located in Coosa County, Alabama, USA.
AGC is 100% owner of the Coosa Graphite Project – the only advanced-stage graphite project in the contiguous United States of America – and all requisite downstream secondary processing to develop and manufacture AGC’s battery-graphite products is being conducted in the United States of America.
Although AGC’s proprietary, environmentally sustainable process to purify and manufacture battery-ready graphite is source agnostic, the Company’s secondary process flowsheet has been optimized for Coosa Graphite Project material.
AGP produced the Company’s Preliminary Economic Assessment (“PEA”) technical report for the Coosa Graphite Project
The initial production rate is for 5,000 tonnes per annum (“tpa”) of final, secondary-processed graphite – specifically, Coated Spherical Purified Graphite (“CSPG”) engineered for use in secondary/rechargeable lithium-ion (“Li-ion”) batteries, and its byproduct Purified Micronized Graphite (“PMG”) for use in primary and secondary Li-ion battery applications – with built-in expansion to 15,000 tpa, commencing in year seven.