25 Sep 2012 07:00

StratMin Global Resources plc
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(AIM: STGR)
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UPDATE ON INVESTMENT IN GRAPHMADA GRAPHITE PROJECT
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StratMin Global Resources Plc ("StratMin" or the "Company") is pleased to provide an update to shareholders on the Company's investment in Graphmada Equity Pte Ltd ("Graphmada").
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Summary
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·; Construction and commissioning of 12,000 tonne per annum capacity plant now complete
·; Graphmada entering into phased production schedule
·; Production expected to ramp up over next two quarters
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Graphmada has informed the Company that the construction and commissioning of its graphite processing plant in Madagascar has now been substantially completed. Graphmada is now expected to enter into a phased production schedule over the next two quarters that will see a controlled production ramp up. The Graphmada processing plant utilises conventional crushing and screening processes, and then a flotation circuit to beneficiate the raw graphite ore into high grade graphite concentrate.
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In January 2012, the Company announced an investment in Graphmada, an advanced stage graphite mining and production company with operations in Madagascar. StratMin acquired an initial 15% interest and has been working closely with Graphmada to help them achieve the goal of becoming a low-cost producer of premium quality flake graphite for the global market.
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Gobind Sahney, Chairman of StratMin, said: "We are pleased that this phase of Graphmada's development has been achieved and look forward to the progression from an exploration company to a full scale production company that leads to sales, revenues and profitability."
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StratMin is an investing company focussed on seeking out investment opportunities in the natural resource and extractive industries sector. Â The Group's objective is to take meaningful ownership positions of operating companies and assets that have potential for significant growth, whose value can be enhanced with our capital and expertise.
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Enquiries:
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StratMin Global Resources Plc | |
Gobind Sahney | +44 (0) 207 467 1700 |
Libertas Capital Corporate Finance Limited | |
Sandy Jamieson | +44 (0) 207 569 9650 |
Peterhouse Corporate Finance | |
Jon Levinson | + 44 (0) 20 7562 3357 |
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