Northern Graphite Qualifies Concentrates at Bissett Creek for Major Markets

Northern Graphite Corp. (TSXV:NGC) announced recent tests have confirmed flake graphite concentrates at its Bissett Creak deposit meet or exceed quality requirements for all major end markets and in particular, refractories and expandable graphite.

As quoted in the press release:

The analysis and evaluation carried out by Naturgraphit did not detect any limitations on potential uses for Bissett Creek flake graphite. Furthermore, Naturgraphit recommended that Northern create a +32 mesh XXL flake concentrate because this grade is always in short supply, there are few reliable sources and prices are high. XXL flake concentrates currently sell for US$2,300-2,400/tonne compared to US$2,000/tonne for XL flake (+50 mesh) concentrates and US$1,200-1,300/tonne for large flake concentrates (+80 mesh). Bissett Creek is the only deposit that has reported a high percentage of +32 mesh XXL flake (20% of production) and it also has the highest reported percentage of combined XXL/XL/large (90%).

Gregory Bowes, CEO of Northern Graphite, commented:

There is a higher degree of variability between graphite deposits than most investors realize and it is important that potential producers provide independent and transparent verification that their graphite meets the requirements of major end markets. Testing by Naturgraphit has not only accomplished this objective but also identified a new revenue source that will enhance project economics.

Click here to read the full Northern Graphite Corp. (TSXV:NGC) press release.