Valence Releases Feasibility Study for Uley Expansion

Valence Industries Ltd. (ASX:VXL) announced that it has completed a feasibility study for the expansion of Phase I graphite mining, processing and advanced manufacturing capacity at its Uley graphite mine.

As quoted in the press release:

The Feasibility Study defines an advanced manufacturing program for Valence Industries with two aspects:

1. base flake graphite concentrate production at the Uley Graphite(TM) site; combined with
2. advanced product handling facilities near the port of Adelaide.

Valence Industries has ore reserves exceeding 2Mt to meet current production and sales programs and is drilling its exploration targets on a schedule to match the need for additional future raw material.

Expansion of the facilities at the Uley Graphite(TM) site will provide additional processing capacity In 25000tpa increments of graphite output to reach 64000tpa to effectively match market demand.

This Phase II plant is also designed to deliver significant advances in quality, output reliability and reduced processing costs compared to the existing Phase I plant.

The combined Capex over the program for the Phase II plant expansion program and for establishing Uley Pit 2 will be $37M applied over 3 years.

Click here to read the full Valence Industries Ltd. (ASX:VXL) press release.