Next Graphite Inc. Confirms Average 41.58% Graphite Content from Bulk-Screened Tailings

Next Graphite, Inc. (OTCQB: GPNE) announced the test results from their bulk screening program which was conducted by Gecko Laboratories in Namibia, Africa.

As quoted in the press release:

Gecko Laboratories is an independent metallurgical testing company based in Swakopamund, Namibia. Samples of screened and unscreened graphite bearing rock were collected from the Company’s 140,000 metric tonne on-site heaps. Tests carried out on 84 samples from the bulk screening phase graded an average of 41.58 % graphite. 95% of samples tested to date range from 32% to 69% graphite content with the highest sample recorded at 82% graphite. Additionally, GPNE tested a representative sample collected from its 350 metric tonne fines stockpile. This unscreened sample graded 35% graphite content.

Next Graphite, Inc. CEO, Cliff Bream, stated:

Our testing phase and preliminary results from Gecko Laboratories is a significant validation and milestone at our Aukum site. We will continue our testing and begin more detailed, flotation testing on our samples and then report these new findings to our shareholders. With these preliminary results in hand, we will continue our testing at SGS Labs in Canada to also evaluate the processing equipment and mining options needed to commercialize our on-site graphite, at the highest price we can obtain from the market.