Lomiko Metals Receives Two 5,000 Metre Drill Permits For La Loutre

Lomiko Metals (TSXV:LMR,OTCQX:LMRMF,FWB:DH8B) has received two drill permits, each for 5,000 meters, for its La Loutre Crystalline Flake Graphite Properties in Quebec. The property will be assessed for a resource after the current program is complete.
As quoted in the press release:

After the current program is complete, the property will be assessed for a resource and if warranted, a pre-economic assessment (PEA). The primary focus are intersections which start within 15 metres of the surface as highlighted below. Viable near surface mineralization reduces the amount of waste rock that needs to be moved, reducing overall cost of the project and reducing environmental impact. Recent PEA publications in the graphite industry indicating capital expenditures of 100 million dollars or more for developing a project and a oversupply of graphite projects requiring sustained prices of over $ 2500 per tonne prices stress the need to deliver a low CAPEX Project with sustainable costs in a small, volatile market.
In a January 7, 2015 release, the company indicated that to be economically viable, La Loutre must be able to deliver 1 Million Tonnes of >94% Purity Graphite. To achieve this, the minimum resource must be at least 20 Million Tonnes of 5% Gp. Setting high standards is required to stand out in the current and future graphite market. In addition, Lomiko hopes to define material >99.99% Graphite Crystalline Flake to serve as the base material for testing graphite for the ultrapure carbon market and for conversion to graphene and use in 3D Printing and Supercapacitors.

Lomiko CEO, Paul Gill, said:

Approximately 10,000 metres of drilling are planned at La Loutre. Drilling should reach a vertical depth of no more than 150 meters, the “rule-of-thumb” physical depth limit of a standard open pit. Our goal is to become a low-cost producer of graphite in Quebec. A good example of an open pit mining operation established on this principal is the Imerys Carbon and Graphite Mine located nearby.

Lomiko also provided an update on developments at Graphene 3D Lab:

On March 16, 2015 Graphene 3D Lab (TSX-V: GGG, OTCQB: GPHBF) has announced that it launched commercial sales of its Conductive Graphene Filament for 3D printing, The filament incorporates highly conductive proprietary nano-carbon materials to enhance the properties of PLA, a widely used thermoplastic material for 3D printing; therefore, the filament is compatible with most commercially available 3D printers. The conductive filament can be used to print conductive traces (similar to as used in circuit boards) within 3D printed parts for electronics.
Further developments June 23, 2015 indicating Graphene 3D Lab has doubled its graphene production capacity and June 29, 2015 indicating that it is developing distribution deals bode well for future demand in high quality graphite for graphene conversion.

Click here to read the Lomiko Metals Inc. (TSXV:LMR,OTCQX:LMRMF,FWB:DH8B) press release
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