StratMin Reports Increased Production at Loharano Project in Madagascar

StratMin Global Resources (ASX:STGR) provided an update on production and graphite sales for the month of March, highlighting improved production volumes due to increased efficiency at its plant in Madagascar.

As quoted in the press release:

Production volumes were significantly up on the February numbers. Production numbers for the month of March 2015 were as follows:

Production volumes have improved due to increased efficiency at the plant. Recovery levels increased significantly as a result of improved feed rates and flow management through the flotation cells. Grade has remained the same over the last quarter. Grades of the larger flake sizes remain higher than the smaller flake sizes at 90 – 92 percent versus 88-90 percent. The new mill has been installed and limited test runs have been performed. Development of the mill is ongoing with the plant flow sheet near to reaching increased grades particularly in the smaller flakes.

215 tons of graphite were sold in March 2015 compared to 150 tons in February 2015. Prices remain confidential under the terms of the Offtake Agreement however, but the Company can confirm that as the graphite quality improves the price received by the Company increases.

Manoli Yannaghas, StratMin’s managing director, commented:

I am delighted to report a significant increase in both graphite production and sales during the month thereby making March StratMin’s most successful month to date. These increases coupled with the new mill soon to become fully operational will see the Company’s efforts over the last two years come to fruition.

Click here to read the full StratMin Global Resources (ASX:STGR) press release.