Great Lakes Graphite Up 38 Percent on Metallurgical Test Results

Great Lakes Graphite Inc. (TSXV:GLK) announced that preliminary metallurgical testing shows that graphite samples from its Quebec-based Lochaber graphite project can be used to produce a graphite concentrate containing more than 57 percent large flakes.

The news has boosted the company’s share price 38 percent so far.

As quoted in the press release:

In addition over 45% of the concentrate was classified as jumbo flake (+50 mesh or >300 microns). This represents an exceptional size distribution and the potential for a graphite product that typically attracts a premium price based on the size of the flake. These results confirm the outcome of previous testing carried out on diamond drill core samples by Rock Tech Lithium Inc. in 2013. This testing has also validated the performance of a new process flow sheet that can be incorporated into future economic and feasibility studies to be commissioned by the Company.

John Carter, senior vice president at Great Lakes, commented:

Our ability to produce large-flake concentrates from flotation alone, without chemical or thermal treatment, is another factor that makes the Lochaber property potentially a commercially viable opportunity. Test results confirm that the Project will produce large flake graphite at a very high percentage and could potentially be used to produce high value spherical graphite for use in Li-ion batteries.

Click here to read the full Great Lakes Graphite Inc. (TSXV:GLK) press release.