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StratMin Global Resources Makes Progress On Madagascar Explorations
LONDON (Alliance News) - Graphite production and exploration company StratMin Global Resources PLC on Monday said it has made progress on its exploration programmes at the Loharano and Mahefadok projects in Madagascar.
The company said the topographical mapping survey for the projects has been completed and significant new anomalous zones have been identified.
StratMin intends, alongside joint venture partner Bass Metals Ltd, to accelerate the development of the flake graphite concentration plant at adjacent to the prospect area.
"The first phase of the exploration program has delivered excellent results and we are very excited with the potential for additional mineralisation not previously detected," said Brett Boynton, StratMin's chief executive.
Shares in StratMin were up 10% to 4.00 pence on Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Latest STGR News
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2 Feb 2017 - StratMin receives first settlement payment from Bass Metals
22 Dec 2016 - StratMin Global Receives First Payment From Bass Metals
22 Dec 2016 - StratMin Agrees Early Settlement With Bass Metals To Shore Up Funds
15 Dec 2016 - StratMin looks into gold investments
30 Nov 2016 - Stratmin Global Exploring Reverse Takeover Opportunities
30 Nov 2016 - StratMin Global secures $1.5m loan against shares in Bass Metals
28 Sep 2016 - StratMin notes deal with Bass Metals over Graphmada
2 Sep 2016
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