Magnis Resources Reports Exceptional Graphite Results for Lithium-Ion Battery Use

Magnis Resources (ASX:MNS) announced the following significant test results from initial qualification work on the suitability of graphite sourced from its 100% owned Nachu Graphite Project in Tanzania as anode material for lithium-ion batteries.
As quoted in the press release:

The qualification work reported in this announcement was undertaken principally in North American laboratories and used Nachu graphite concentrate as feedstock for lithium-ion battery anode production.
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/gt and Tap Density of 0.87 g/cc combined with the first cycle efficiency demonstrate the exceptional qualities of Nachu graphite.
Micronised coated Nachu graphite upgraded to 99.8%TGC without any chemical or thermal purification was used to achieve the above results. The results confirm that  graphite from the Nachu project has the potential for high end energy and power applications like lithium-ion batteries used in the electric vehicle market.
Highlights

• Nachu graphite concentrate for lithium-ion battery anodes produces superior performance to synthetic graphite without any chemical or thermal purification
• 1% first cycle efficiency is a 42% improvement over synthetic graphite
• Surface Area (BET) of 4.09 m2/g with Tap Density at 0.87 g/cc
• Purity upgraded to 99.8%TGC without any chemical or thermal purification
• Substantial cost advantages compared to synthetic graphite
• Magnis uniquely placed to meet the future demands of sustainable industries at a competitive cost with minimal environmental impact due to purity and high performance of anode graphite
• Discussions with potential processing partners and end users in North America, Europe and Asia are progressing well

Magnis Resources CEO, Dr Frank Houllis, commented:

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.
Due to the exceptional purity and crystalline properties of Nachu’s large flakes, our concentrate is uniquely placed to meet the demands of sustainable industries for superior product performance at reduced cost and lower environmental impact. A number of potential end users and processors are collaborating with Magnis to develop a total anode graphite supply chain solution for battery makers.

Connect with Magnis Resources (ASX:MNS) to receive an Investor Presentation.