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6 May 2014 07:01
06 May 2014
StratMin Global Resources Plc
("StratMin" or the "Company")
April Production Report
StratMin (AIM: STGR), the graphite exploration and production company with assets in Madagascar, announces that its Lohorano plant has produced 107 tonnes of large flake graphite in April, exceeding management's expectations.
Commercial production at the Lohorano plant commenced on 9 April 2014 and was in excess of managements forecast of 100 tons for the short month. Head grade carbon content also exceeded expectations at up to 9per cent. carbon. The graphite produced was made up of the following:
Mesh Size | Tons | Carbon Content |
+40 | 59.0 | 90.31% |
+60 | 35.5 | 89.40% |
+80 | 12.5 | 88.00% |
The Company continues to invest in production quality through development of the plant and has appointed MarsdenGray Limited as consultants for all aspects of technical development.
Rob Marsden has 18 years of operational experience at Rio Tinto, where he worked in multiple operational roles. Rob also spent several years in the Business Evaluation Department at Rio Tinto's headquarters in London where he gained valuable experience in commercial planning.
Future production updates will be issued on a quarterly basis going forward, with the first expected at the end of June 2014.
Manoli Yannaghas, StratMin's Managing Director, commented:
"I am pleased to report the Company has exceeded production expectations for April, which is a fantastic achievement from the operational team in Madagascar. It is clear that the plant is capable of producing commercial grade and large flake graphite.
"The appointment of MarsdenGray provides Stratmin with invaluable expertise, through Rob Marsden, in progressing with the development and optimisation of the Lohorano plant. Following Rob's recent visit to the mine, I am confident that we will see continuous product quality improvement.
"I look forward to updating the market on production levels at the end of June."
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 (Nomad & Financial Adviser) James Spinney / Ritchie Balmer | +44 (0) 20 7409 3494 |
Hume Capital Securities Plc (Sole Broker) | +44 (0) 20 3693 1470 |
Jon Belliss / Abigail Wayne | |
Blytheweigh (Financial PR) Tim Blythe / Halimah Hussain / Camilla Horsfall | +44 (0) 20 7138 3204 |
Alan Baxter, ACSM, FIMMM, C Eng, a qualified person as defined under the AIM Rules, has reviewed and verified all scientific or technical mining disclosure contained in this press release.
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