Magnis Resources Announces Quarterly Activities Report Highlighting Nachu Graphite Project

Magnis Resources (ASX:MNS) released their Quarterly Report to December 31, 2015 which was focused on the development of its 100% owned Nachu Graphite Project in southern Tanzania.
As quoted in the press release:

HIGHLIGHTS

• 8% TGC concentrate achieved by flotation without expensive chemical or thermal purification
• Exceptional lithium-ion battery test results (announced post quarter- end)
• Mineral Development Agreement finalised with Tanzanian Government
• MOU signed with POSCO E&C for project funding and construction
• BFS delivery on target
• Demerger of uranium assets
• Offtake discussions with potential processing partners and end users in North America, Europe and Asia progressing

99.8% TGC concentrate achieved by flotation without expensive chemical or thermal purification
Further refinement of the metallurgical process used to maximise the value of NGP graphite product continues to generate market leading results for TGC purity levels without the requirement for chemical or thermal purification. These techniques utilised by the Company are setting the benchmark for potential low cost production of battery grade graphite.
Throughout the December 2015 quarter and subsequently into the first weeks of 2016, the Company has been able to report improving levels of graphite purity from flotation testwork. TGC levels have increased from 99% TGC to 99.8% TGC in the most recently announced testwork on 20 January 2016 from micronising and coating.
Further to the news of the TGC level improvements, exceptional battery test results were achieved, again without expensive chemical or thermal purification. The most recent test results were initial qualification work on the suitability of NGP graphite as anode material for lithium-ion batteries.
A first cycle efficiency rate of 97.1% was achieved equating to a loss of only 2.9% and is an improvement of 42% over synthetic graphite. A Surface Area (BET) of 4.09 m2/g and Tap Density of 0.87 g/cc combined with the first cycle efficiency demonstrates the exceptional qualities of NGP graphite and confirms its potential for high end energy and power applications like lithium-ion batteries used in the electric vehicle market.

Figure 1: Location of the NGP

Further to the news of the TGC level improvements, exceptional battery test results were achieved, again without expensive chemical or thermal purification. The most recent test results were initial qualification work on the suitability of NGP graphite as anode material for lithium-ion batteries.
A first cycle efficiency rate of 97.1% was achieved equating to a loss of only 2.9% and is an improvement of 42% over synthetic graphite. A Surface Area (BET) of 4.09 m2/g and Tap Density of 0.87 g/cc combined with the first cycle efficiency demonstrates the exceptional qualities of NGP graphite and confirms its potential for high end energy and power applications like lithium-ion batteries used in the electric vehicle market.

Magnis Resources CEO, Dr Frank Houllis, stated:

These landmark results are exciting and very unique. To achieve superior results to synthetic graphite without any chemical treatment is quite remarkable. Our product may well have the lowest costs in the industry with the lowest carbon footprint.

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