Mineral Commodities improves the quality of graphite resources
A mineral resource reassessment of the Mineral Commodities Traelen graphite project in Norway nearly doubled the likely size of the measured and indicated portion of the resource, indicating a mine life of at least 13 years for the top-ranked mine. Highest quality graphite operations. Graphite is an essential component in the manufacture of electric vehicle batteries and largely constitutes the anode of a lithium battery.
The Perth-based company says the project’s total measured and indicated resources jumped 92% from its initial resources of 409,000 tonnes to now stand at 786,000 tonnes.
The initial initial estimate of the total resource which includes the material in the “inferred” state was 1.78 million tonnes at an impressive 22% total graphitic carbon, or TGC for 397,000 tonnes of graphite contained. The revised JORC estimate increased the resource to 1.84 million tonnes at 23.6% TGC for 434,000 tonnes of contained graphite.
The first estimate of ore reserves which has just been submitted is even more impressive in terms of grade, standing at 640,000 tonnes at 24.8% TGC for 159,000 tonnes of graphite contained.
Incredibly, the measured portion of the resource exceeds 30 percent graphite.
Mineral Commodities launched a 3,000 meter drill campaign between March and August 2021 targeting 17 holes in the existing development area to support the updated mineral resource estimate.
The company began development of a decline in June 2021 to access down-dip resources. This work is expected to be completed this month and a mining contractor has been hired to take charge of the down-dip development under the mined up-dip resource. The decline will also provide a platform for more drilling next year to target resource expansion.
This geostrategically high grade graphite ore deposit is the foundation of our strategy for developing battery minerals in Europe. Skaland is the world’s highest-grade operating graphite mine, but above all it is the primary source of local graphite for the European Economic Area. As we invest in the expansion of this deposit, we are investing in our ability to secure this critical raw material for European battery supply and we are on track to become the leading vertically integrated European producer of anode material. in natural graphite.
Mineral Commodities acquired the Traelen deposit as part of its purchase of Skaland Graphite in 2019. There had been no resource estimate from JORC for the project which has been operating since 2007. The Skaland project also includes facilities treatment facilities and port infrastructure on the island of Senja. in northern Norway.
The first ore reserve indicates that at current concentrate production rates, the Traelen project has a life of 13 years according to the company. However, he says he is exploring options to expand Skaland’s reserves and processing and production rates. Further drilling and resource updates will be done next year to determine the potential for expansion.
Is your ASX listed company doing anything interesting? Contact: [email protected]