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SRG Graphite Inc
Symbol SRG
Shares Issued 69,422,152
Close 2019-04-09 C$ 1.00
Market Cap C$ 69,422,152
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SRG produces 12.8 t graphite at Lakefield plant

2019-04-09 07:47 ET - News Release

Mr. Raphael Beaudoin reports

SRG REPORTS SUCCESSFUL PROCESSING OF 200T AT SGS LAKEFIELD PILOT PLANT

SRG Graphite Inc. has released the results of its 200-tonne piloting project at SGS Canada. From the 200 tonnes processed, 12.8 tonnes of graphite flakes were produced at an average grade of 96.8 per cent total carbon (Ct). With this graphite in hand, the company will be better positioned to secure offtake agreements as it continues its sales efforts with its various clients in North America, Europe and Asia.

The company is also pleased to announce that a three-year research agreement has been signed with McGill University to further develop its graphite-processing techniques. Areas of study will include conventional mineral processing technologies and the application of new or existing hydrochemical processes to further purify graphite flakes.

Pilot plant results

In 2018, the company extracted 200 t of surface mineralized material throughout the Lola graphite deposit and sent it to SGS Canada for processing. The purpose of this piloting was to produce graphite flakes of various size fractions for business development as well as to validate the metallurgical response of surface mineralized material. An image on the company's website provides a map of the pits sampled to collect the 200 t of material. Achieved results are summarized below:

  • 200 t of material processed at SGS Canada;
  • 12.8 t of graphite flakes produced, excluding samples removed for tests;
  • Graphite flakes are at an average grade of 96.8 per cent Ct;
  • Flake distribution of:
    • 13 per cent plus 48 mesh;
    • 26 per cent plus 80 mesh;
    • 12 per cent plus 100 mesh;
    • 49 per cent less than 100 mesh;
  • Flotation recovery of 85 per cent.

"The successful processing of 200 t of material from our deposit was an important validation of the metallurgical response of the Lola graphite mineralized material. In addition to our metallurgical laboratory on site at Lola, the resulting 12.8 tonnes of graphite flakes from the piloting will contribute to the marketing of our product. We are now in a position to provide large quantities of our product to clients interested qualifying our graphite flakes in their manufacturing process," said Raphael Beaudoin, vice-president, operations.

Research agreement with McGill University

Given graphite is a key component of lithium-ion batteries and part of the fast-growing energy metals space, SRG is constantly evaluating how to be ahead of the industry on mineral processing in a sustainable way. By engaging with McGill University on a three-year research agreement, both conventional and new processing routes will be evaluated for further graphite purification.

"This partnership agreement with McGill will help ensure we approach our process development from every angle. As we are finalizing our mineral processing flowsheet for our feasibility study, research with McGill University will focus on future process innovations," said Mr. Beaudoin.

"The department of mining and materials engineering of McGill University is delighted to be collaborating with SRG on optimizing the flotation process of the Lola graphite deposit," said Professor Waters. "With graphite becoming critical in many fields, not least in batteries for electric vehicles, it is imperative that high-grade graphite can be produced in a sustainable manner, and it is excellent that SRG are of the same opinion when it comes to sustainable processing."

More information on the mineral processing research group at McGill University can be found at its website.

The technical information in this release has been reviewed and approved by Mr. Beaudoin, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About SRG Graphite Inc.

SRG is a Canada-based company focused on developing mineral deposits located in the Republic of Guinea, West Africa. SRG is committed to operating in a socially, environmentally and ethically responsible manner.

We seek Safe Harbor.

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