Flinders Resources Provides Battery Grade Graphite Marketing Update

Flinders Resources Limited (TSXV:FDR) announced the following update regarding the marketing to customers of high purity, battery grade graphite from the Company’s Woxna mine in Sweden.
As quoted in the press release:

Flinders 100% owned Woxna mine and concentrator in Sweden is the only publically listed modern full-scale, fully permitted (100,000 tonne/annum feed) operational graphite production facility.  This facility has been fully commissioned and remains on a production-ready status until refractory grade graphite concentrate demand increases. This traditional graphite market is weak currently due to slow industrial markets that are showing little chance of rebounding in the short term, particularly with slowing growth rates in Brazil and China. (source – Benchmark Mineral Intelligence).  Flinders believes it can produce value added products to offset this downturn in the traditional graphite market.  The Company’s revenue stream can be enhanced by including value added products such as spherical high purity battery grade graphite in our product lines.
Flinders, with its Chinese technology partner, is now finalizing a flow sheet for the production of high purity battery grade graphite at the Woxna facility. This processing technology is based on the world’s only commercially proven purification methods that are utilized in China to supply the current global demand for high purity graphite demand. China is currently the only source for natural flake graphite processed to a quality suitable for the battery cell manufacturers. This technology has been utilised to produce high purity graphite samples from concentrate produced at the Woxna mine in Sweden.
During April and May 2016, Flinders’ marketing team will undertake a global marketing tour, to demonstrate the Woxna high purity spherical graphite samples throughout the European Union, North America and Asia.  The tour shall focus will be on auto and battery cell manufacturers, with the aim of developing commercial relationships that will enable Flinders to permit and construct a high purity graphite plant adjacent to the existing operational concentration facility.

Flinders Resources President and CEO, Blair Way, stated:

Flinders is at the leading edge of an emerging industry that could be a game changer.   With a fully permitted and operational mine and concentrator, we are able to produce graphite concentrate stock to feed into a proven commercial purification flow sheet.  This is a significant milestone and key differentiator for Flinders in the graphite sector.  No other public western world graphite company has established these key components necessary to be a supplier of battery grade graphite.

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