Metallurgical Testing Shows Flinders’ Woxna Holds Jumbo-flake Graphite

Flinders Resources Ltd. (TSXV:FDR) provided an update on the metallurgical test programs and mine planning occurring at its Sweden-based Woxna graphite project, noting that 18 percent of the graphite product mix produced by the metallurgical test work has been reported as extra-large or jumbo-flake graphite with 95-percent purity.

According to the press release, key points of the update include:

• The graphite product mix produced from the metallurgical test work far exceeded historical production purities and flake graphite sizes:
  • 18% of the graphite product reported as extra-large or jumbo flake graphite (+250 microns or +60 mesh) with 95% purity. This high value product was never historically commercialised at Woxna;
  • 22% of the graphite product reported as coarse flake (+180-250 microns or -60+80 mesh) with a 94% purity;
  • 28% of the graphite product reported as medium flake (+100-180 microns or -80+140 mesh) with a 92% purity;
• Overall graphite recovery from the locked cycle test exceeded 96%;
• Mine planning optimization studies have further reduced stripping ratios by 37%;

Martin McFarlane, president and CEO of Flinders, commented:

Our patience in awaiting metallurgical test work studies and mine planning optimization has been rewarded. The product mix obtained from the metallurgical work has exceeded our expectations in terms of graphite sizes and purities, and demonstrates Woxna can now produce a premium jumbo flake product. In combination with reduced stripping rates, which will have a positive effect on mining cost estimates, we are now well placed to complete our financial studies for the project.

Click here to read the full Flinders Resources Ltd. (TSXV:FDR) press release.