CKR Carbon to Supply Graphitic Rock to Graphite Producer

CKR Carbon Corp. (TSXV:CKR) announced that it’s entered into a preliminary agreement to supply graphitic rock from its Namibia-based Aukam project to a vertically integrated graphite producer.
As quoted in the press release:

Up to 5,000 metric tonnes of graphitic material grading between 40 and 50% Cg (carbon as graphite) will be delivered over the course of the next year under the terms of the letter of intent. It is expected that a first shipment of between 2,000 and 3,000 tonnes of graphitic material will be made in July 2016, prior to which, CKR will supply a 1.6 tonne sample to allow the producer to run the material through its mill and make any adjustments necessary to treat the Aukam material on a go forward basis.
This material will result from CKR’s previously announced bulk sampling program (see news releases dated 15 January, 2016 and 4 March, 2016). During a 500 tonne bulk sampling program during 2014, the Company was able to stockpile and grade 240 tonnes of graphitic lumps with an average grade of 41.6% Cg within a range of 17.0% to 81.8% Cg.

Dr. Roger Moss, CEO of CKR Carbon, commented:

We are extremely pleased to commence this relationship, which is the result of months of work by our marketing team, and we can now execute the next phase of our business plan. Vein-type graphite, such as occurs at Aukam, is one of the highest grade naturally occurring forms of carbon. The highest grade sample assayed to date from the Aukam property graded 81.8% Cg, similar to the high grade graphite found in Sri Lanka.

Click here to read the full CKR Carbon Corp. (TSXV:CKR) press release.