Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksStratmin Global Resources Regulatory News (STGR)

  • There is currently no data for STGR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

94% Carbon in Graphite Production Achieved

14 May 2015 07:00

RNS Number : 1020N
Stratmin Global Resources PLC
14 May 2015
 

14 May 2015

 

 

StratMin Global Resources Plc

("StratMin" or the "Company")

 

Consistent 94% Carbon in Graphite Production Achieved at Lohorano

 

StratMin (AIM: STGR), the graphite mining and production company with assets in Madagascar, announces it has achieved an overall average carbon grade of 94.3 per cent in production carried out over an eight day period. The plant has been taken through a series of performance improvements since commissioning and is now steadily producing at grades in excess of 94 per cent Carbon, as required to achieve premium pricing under the Company's current off take agreement.

 

Mill Trials

The Company installed new milling equipment at the Lohorano property in March which was trialled over the following month and has been operating with average grades consistently at 94 per cent carbon. The team has managed to avoid significant flake size degradation usually associated with excess milling, retaining over 50 per cent of the total run of production as large and jumbo flake.

 

Average grade range by flake size were as follows over the period:

 

Carbon Content by Mesh Flake Size

+40

-40 +50

-50 +60

-60 +80

-80

Overall

94.9%

94.3%

94.0%

93.6%

94.3%

94.3%

 

The company has identified further improvement opportunities and expects the large flake proportion to increase along with grade improvements as the process is further optimised.

Manoli Yannaghas, StratMin's Managing Director, commented:

 

"Producing 94 per cent carbon consistently further validates the commercial viability of the Lohorano mine and plant. In particular, it should be noted that all 94 per cent carbon produced by StratMin is purchased under the under the terms of our existing off take agreement.

 

"As we have outlined in recent announcements, the team has demonstrated that it is able to increase volumes with the existing plant. This increase in carbon content means that all the graphite we produce is now profitable, something that makes Stratmin stand out amongst its peers."

 

 

Please see link below for audio interview with Manoli Yannaghas, Managing Director:

https://www.youtube.com/watch?v=qeM4o4ArEKg

 

 

Competent Person's Statement

The information in this announcement that relates to the production and sales figures has been reviewed by Mr. Neville Cowin, C.Eng, BSc (Eng), ARSM, MIMMM registration (C.Eng 325393). Mr. Cowin is an independent consultant with over 40 years of production experience, and works with the Company to advise on improving performance at the plant. Mr. Cowin is a "Qualified Person" as defined in the AIM Note for Mining Oil & Gas Companies - June 2009, of the London Stock Exchange. Mr. Cowin consents to the inclusion of the information in this release in the form and context in which it appears.

 

 

Enquiries

For further information please visit www.stratminglobal.com or contact:

 

StratMin Global Resources Plc

+44 (0) 20 3691 6160

Manoli Yannaghas (Managing Director)

 

 

 

Strand Hanson (Nominated & Financial Adviser)

James Spinney / Ritchie Balmer

+44 (0) 20 7409 3494

 

 

Beaufort Securities (Sole Broker)

+44 (0) 20 7382 8311

Elliot Hance

 

 

 

Blytheweigh (Financial PR)

Halimah Hussain / Megan Ray

+44 (0) 20 7138 3204

 

 

-ends

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLUORVRVOAVAAR
Date   Source Headline
28th Sep 200711:55 amBUSRule 8.3 - Interactive Prospect Targeting plc
27th Sep 20075:19 pmRNSEPT Disclosure
27th Sep 20071:53 pmBUSRule 8.3 - Interactive Prospect Targeting plc
27th Sep 20077:03 amRNSInterim Results
26th Sep 20074:19 pmRNSHolding(s) in Company
26th Sep 20079:20 amRNSEPT Disclosure
25th Sep 200710:27 amRNSEPT Disclosure
25th Sep 20079:35 amBUSRule 8.3 - Interactive Prospect Targeting Holdings plc
24th Sep 200712:34 pmRNSEPT Disclosure
24th Sep 200712:09 pmBUSRule 8.3 - Interactive Prospect Targeting Holdings PLC
21st Sep 200712:24 pmRNSEPT Disclosure
20th Sep 200710:29 amRNSEPT Disclosure
19th Sep 200710:04 amRNSEPT Disclosure
18th Sep 200710:22 amRNSEPT Disclosure
18th Sep 20077:00 amRNSHolding(s) in Company
17th Sep 200711:15 amRNSEPT Disclosure
14th Sep 200710:32 amRNSEPT Disclosure
14th Sep 20077:00 amBUSRule 8.3 - Interactive Prospect Targeting Holdings plc
13th Sep 200711:41 amRNSEPT Disclosure
12th Sep 200710:26 amRNSEPT Disclosure
11th Sep 200710:42 amRNSEPT Disclosure
10th Sep 20079:59 amRNSEPT Disclosure
7th Sep 20073:08 pmRNSEPT Disclosure
7th Sep 200711:16 amRNSEPT Disclosure
6th Sep 20079:53 amRNSEPT Disclosure
5th Sep 200711:30 amRNSEPT Disclosure
4th Sep 200712:16 pmBUSRule 8.3 - Interactive Prospect Targeting Holdings plc
4th Sep 200710:30 amRNSEPT Disclosure
3rd Sep 200711:43 amBUSRule 8.3 - Interactive Prospect Targeting Holdings plc
3rd Sep 20079:47 amRNSEPT Disclosure
31st Aug 200711:51 amBUSRule 8.3 - Interactive Prospect Targeting Holdings Plc
31st Aug 200710:26 amRNSEPT Disclosure
30th Aug 200710:25 amRNSEPT Disclosure
29th Aug 200711:03 amRNSEPT Disclosure
28th Aug 20079:27 amRNSEPT Disclosure
28th Aug 20079:23 amRNSEPT Disclosure
24th Aug 200710:19 amRNSEPT Disclosure
23rd Aug 200712:54 pmRNSRule 8.3-Interactive Prospect
23rd Aug 200712:27 pmRNSRule 8.3-Interactive Prospect
23rd Aug 200711:06 amRNSEPT Disclosure
22nd Aug 20076:16 pmBUSRule 8.3 - Interactive Prospect Targeting Holdings PLC
22nd Aug 20077:01 amRNSStatement re Possible Offer
22nd Aug 20077:01 amRNSHolding(s) in Company
21st Aug 20075:58 pmRNSDirector/PDMR Shareholding
17th Aug 20075:09 pmRNSHolding(s) in Company
17th Aug 20074:53 pmRNSAIM Rule 26 compliance
27th Jul 20077:01 amRNSTransaction in Own Shares
25th Jul 20077:00 amRNSTransaction in Own Shares
23rd Jul 20077:00 amRNSTransaction in Own Shares
19th Jul 200710:45 amRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.