RNS14 Jun 2021 08:03
Mark Austin, Alba's Chief Operating Officer, commented:
"This is an exciting time for Alba as we move onto the drilling of one of the world's highest grade graphite deposits. The testwork from our extensive field sampling has shown that the target value for the LOI content of 99.9%, and the typical specification for spherical graphite of 99.95%, are both capable of being achieved which qualifies this graphite as battery grade and suitable for the EV market. These results, together with the Exploration Target of 1.7 and 4.5 million tonnes for the Amitsoq Island deposit alone, with a grade range of between 24-36% Graphitic Carbon, gives us great confidence in the project's fundamentals."
"The first objective arising out of our drilling programme will be to declare a maiden JORC-compliant Mineral Resource at the Amitsoq Island deposit. Ultimately, our goal is to prove up sufficient tonnes to be able to move to the feasibility study stage as soon as possible thereafter."