IMX Reports on Work to Determine Target Markets for Chilalo Graphite

IMX Resources Ltd. (ASX:IXR) released an update on its progress on determining the suitability of graphite concentrate from its Chilalo graphite project for specific markets and applications.
As quoted in the press release:

Over the past 8 months, the Company has undertaken a program of product marketing activities in China which has included close engagement with various end users, manufacturers, industry bodies and potential offtake partners. This has substantially improved the Company’s understanding of the specific product requirements of end users, the size of the various graphite markets and likely future demand.
The product specifications of Chilalo Graphite will ensure that IMX has exposure to not only the highgrowth lithium-ion battery market, but also the higher-margin expandable graphite market and the stable refractory market, which is currently the largest market for graphite.
The information obtained has confirmed the analysis of graphite industry experts, Benchmark Mineral Intelligence, in their strategic marketing study completed for the Company in July 2015.
Based on this knowledge, a bulk sample has recently been provided to Wuhan Technology Institute (WTI) in China to conduct testwork to confirm the suitability of Chilalo Graphite to the markets and applications that IMX intends to target. WTI is a respected and well recognised independent Chinese laboratory with significant graphite expertise in providing independent testing, analysis and advice to both graphite miners and end users.

Click here to read the full IMX Resources Ltd. (ASX:IXR) press release.