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The Great Graphite Supply Shakeup: Simon Moores

Posted by AGORACOM-JC at 9:23 AM on Wednesday, September 26th, 2012

Investors who remember the lithium boom (and bust) a few years ago may be twice shy to enter a space with big upside potential tied to electric vehicles. But the parallels between graphite and lithium are superficial, insists Simon Moores, analyst with Industrial Minerals. Graphite, unlike lithium, supplies layers of demand, with reliable end-users in the steel industry. Meanwhile, China’s production lull is making way for market entrants. In this interview with The Critical Metals Report, Moores profiles graphite miners around the world competing for the market’s attention.

The Critical Metals Report: The graphite market is one commodity sector that is getting increased interest over the past year or two. What’s the best way to participate in this market?

Simon Moores: Because the graphite market is dominated by Chinese companies and private companies, juniors are really the only way to participate directly in this market. The non-Chinese major players, like TIMCAL Graphite & Carbon in Canada, are part of larger minerals companies. So when you invest in Imerys (NK:PA), which is the parent company, you’re not investing in an exclusively graphite-focused company. Graphite is only a tiny percentage of its business. Many of the other major non-Chinese companies in the market are private, such as Nacional de Grafite in Brazil, as well as a number of smaller private producers in Zimbabwe, Austria, Russia and Norway. Ultimately, your most direct option is to go for the juniors.

TCMR: Who are the main graphite consumers?

SM: Graphite’s current demand is mainly driven by industrial uses, metal production being the most important. Steel is the main driver of the graphite market on two fronts. First is in refractories, which is the biggest end use. Refractories are used to line huge steel kilns and as protective linings in bricks. Graphite is also used as an additive, in what is called a “recarburizer.” Steel demand has historically driven the graphite market, accounting for approximately 39% of the market.

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Bigger flakes, higher prices — Paul Gill talks about Lomiko’s Quebec graphite projects

Posted by AGORACOM-JC at 9:01 AM on Tuesday, September 25th, 2012

By Kevin Michael Grace

Lomiko Metals Inc (V.LMR) announced September 20 that has completed its summer drill program on its Quatre Milles East Flake Graphite Property in Quebec. Twenty-three holes totaling 1,600 metres were drilled, and the presence of large-flake graphite was identified in multiple holes.

The drilling replicated previous exploration on the property by Graphicor Resources Inc in 1992. Although Lomiko holds the data derived from these historic drill results, the drillcores are not available to compile a NI 43-101 resource estimate.

Quatre Milles East consists of 1,600 hectares located 175 kilometres northwest of Montreal. In May, Lomiko optioned the Quatre Milles West Property, 2,180 hectares adjacent to Quatre Milles East. In addition to these graphite properties, Lomiko owns the Vines Lake gold property in the Liard Mining District of northwest British Columbia and the Salar de Aguas Caliente Lithium Brine Property in Chile.

 

Lomiko President/CEO Paul Gill spoke to Kevin Michael Grace September 18.

RW: What pleases you most about your drill campaign?

PG: We were able to drill into an area which has previously been drilled and has grades and intercepts similar to a proven mine in the area [Timcal Canada’s Lac-des-Îles Mine]. The intercepts are near surface and amenable to an open pit, and the location is amenable to a mining operation.

RW: When will your drill results be released?

PG: We anticipate results in the middle of October.

RW: What’s your next step after that?

PG: We need to finance Phase 2 and confirm that it’s the correct step to take because it’s contingent upon results. Phase 2 will be another 50 holes. These will bring definition to the target area and probably come up with a resource. Usually, juniors have a discovery phase. We didn’t have to go through that. Next is the resource stage, and I think that’s when the next value jump happens. Well, there is going to be one now when people recognize that we will be confirming some of the historic results on Quatre Milles.

RW: You said in May that you were looking toward developing a resource estimate by December.

PG: We’d like to stay on that course. But we’d have to get funding and do another round of drilling in November for that to happen. If there will be a significant move in the market, we could have warrants exercised or we would put financing together. We would then have approximately a $1 million to $1.5 million.

RW: How much cash do you have now?

PG: About $550,000.

RW: What is your current burn rate?[pullquote] “We feel that we’re among the top six or seven graphite companies that will be able to add value through exploration”—Paul Gill[/pullquote]

PG: There is $307,000 that’s going towards the Quatre Milles Phase 1 and another $100,000 for Vines Lake. Those are all-in expenses. Our only other expenditures are administrative, and that’s about $20,000 a month.

RW: What’s the significance of finding large-flake graphite at Quatre Milles?

PG: Something that’s been confirmed with Northern Graphite (V.NGC) is that the flake size is more desirable if it’s larger simply because you can make different elements with it. Electric-vehicle manufacturers are looking for a spherical-granular structure for the graphite they use in their batteries. The greater the size of the flake, the higher the price.

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The next biggest issue is recovery. The type of host rock that’s here, part of the reason we took it is because the metallurgist, Michel Robert, actually staked this land. The type of marble in this area allows for the graphite flakes to pop out easily, and the recovery rate is quite high, so your strip ratio goes down.

RW: Assuming you have the resource, how would you compare the difficulty and expense of bringing a graphite project to production compared to a gold, silver or copper mine?

PG: There is an issue around the expertise in this field. You have to have specific expertise mining this particular product. For gold, silver or copper projects, it’s a very straightforward situation, and there are many geologists and mining engineers familiar with the situation. What’s key to graphite is you need a mining engineer and metallurgist and a geologist and chemist that will be on site and can advice how to make the project the best possible project. And in regards to actually introducing the project to the financiers that’s another challenge because the end users of the product are relying on and have relationships with about a maximum of 20 different companies that market different variations of graphite. We’ve had contact with several different groups among those 20. So we’re encouraged by that, and we’re in the right location with the right product.

RW: About six months ago, there was a tremendous amount of excitement about graphite stocks. Prices increased tremendously, and then was a big falloff. Why did this happen?

PG: I think the falloff followed the price of graphite itself. The price of graphite peaked in the spring of 2012 and so did graphite stocks. Every market has to correct. You’ve seen graphite move up from $500 a tonne to $2,000 per tonne, and it’s settling in now at this level. I think the next big increase will be when the applications and products now being patented get to the development stage.

It’s actually a healthy correction and a fortuitous one for those of us that already received financing because we’re way ahead of the game. There are many projects that were announced but didn’t receive financing and couldn’t proceed. We feel that we’re among the top six or seven graphite companies that will be able to add value through exploration

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Source: http://business.financialpost.com/2012/09/24/bigger-flakes-higher-prices-paul-gill-talks-about-lomikos-quebec-graphite-projects/

How the humble pencil could write the future of energy

Posted by AGORACOM-JC at 9:11 AM on Monday, September 24th, 2012

Asked to name the raw ingredients for the next technological revolution, chances are you wouldn’t pick pencil-lead and water.

Yet according to new research, simply mixing graphite with water and baking the result may be enough to create an effect with legendary status in science: room-temperature superconductivity.

If confirmed, the claim could transform the energy sector, making power generation and distribution far more efficient, and slashing demand for fossil fuels, including oil.

That’s because superconductivity is exactly what it says: the bizarre property of certain compounds, under certain conditions, to become perfect conductors of electricity.

First discovered a century ago, superconductivity has largely failed to live up to its huge promise of transforming electricity use and boosting energy efficiency, because it usually appears only in materials chilled to within a few degrees of absolute zero, the ultimate low temperature of minus 273C.

Attaining and maintaining such temperatures is neither cheap nor easy, and has so far kept superconductivity out of mainstream use.

There was huge excitement in the mid-1980s when scientists at the IBM laboratories in Zurich found the first evidence for so-called High Temperature Superconductivity (HTS) in a ceramic material.

The name is somewhat misleading, though: it still needed to be cooled to around minus 250C, with expensive and dangerous liquid helium.

Since then, researchers have created materials that become superconducting at temperatures above minus 135C – still pretty extreme, but at least attainable with less expensive liquid nitrogen.

But the dream has always been to find a material that displays this amazing ability at room temperature.

Now a team led by Pablo Esquinazi at the University of Leipzig in Germany claims to have seen evidence of just this in a startlingly ho-hum combination of materials: graphite and water.

In the current issue of the journal Advanced Materials, they describe how they mixed 0.1g of ultra-pure graphite powder with a few teaspoonsful of distilled water, and persuaded the two to mix by stirring it for hours on end. The combination was then filtered, and the resulting powder baked overnight at 100C.

Tests on samples made using this recipe repeatedly revealed the existence of superconductivity at room temperature.

Prof Esquinazi and his colleagues stress that the effect is confined to just the surfaces of the tiny graphite grains, and disappeared if they tried to make pellets of the stuff.

Even so, the fact that it appears at all looks set to spark an international effort to replicate and understand the finding.

Other scientists certainly won’t dismiss it as ludicrous, as the quotidian nature of the ingredients is deceptive.

Graphite is now among the hottest research topics in material science. It’s made up of sheets of a honeycomb-like arrangement of carbon atoms known as graphene, which possess many unusual properties, while water is renowned for being one of the most peculiar liquids known.

Indeed, Prof Esquinazi and his colleagues were led to perform their experiments by previous studies suggesting the combination might throw up something unusual.

Even so, the appearance of an effect as spectacular as superconductivity is far from obvious. And explaining it is likely to be a major challenge, given that even 25 years after their discovery, there’s no accepted theory to explain HTS materials, and even the basic theory of superconductivity is less than perfect.

The key challenge is explaining how electrons that struggle to get through a material suddenly flow like a torrent when the same material is chilled below a certain temperature.

The answer is thought to lie in the pairing up of electrons in such materials, allowing them to slip through the crystal lattice more easily.

What brings about this pairing is a mystery – not least because the temperatures at which it takes place should keep the electrons apart.

Recent experiments on HTS materials suggest that wavelike distortions in the arrangement of atoms within them play some role in keeping the electrons together – as they do in conventional superconductors.

Some kind of magnetic effect also seems to be involved, providing extra “glue” between the electrons.

What researchers have been crying out for are radically new types of HTS materials on which to test their ideas. Now it seems their wish may have been granted.

Intriguingly, this isn’t the first hint that room temperature superconductivity might be possible. Over the years, tantalising glimpses of the phenomenon have been reported, only to vanish again.

In 1974, in the journal Nature, a researcher at Nicolas Copernicus University in Torun, Poland, claimed to have detected room-temperature superconductivity in a sandwich-like layer of aluminium plus carbon – the element at the centre of the latest claim.

Prof Esquinazi and his team think their findings may be a replication of this 40-year-old sighting. Only replications of their own claims will reveal the truth.

Even if it is confirmed, a lot of work will be needed to put it to practical use. The researchers estimate that the superconductivity appears only in about 0.1 per cent of the total mass of the powder.

Some way of bulking out the material will be needed if it is to be exploited in sizeable products such as cables and magnets.

It will also have to be made robust enough for mass production – a problem that long bedevilled other HTS. And there’s always the possibility that the superconductivity will vanish when exposed to typical working conditions.

Prof Esquinazi and his team have been scrupulous about not overselling their claim. Despite its implications, they declined to go public with it until it was published in a respected academic journal.

Even the title of their paper – “Can doping graphite trigger room temperature superconductivity?” – contains a judicious question-mark.

In this the team are following a distinguished tradition.

In 1905 a paper appeared entitled “Does the inertia of a body depend on its energy content?” Its author was Albert Einstein, and its subject was the derivation of the most important scientific formula of all time, E = Mc2.

If room temperature superconductivity can be made a practical reality, the consequences will hardly be less important.

Source: http://www.thenational.ae/news/uae-news/technology/how-the-humble-pencil-could-write-the-future-of-energy#full

 

Shield Gold Announces Option to Acquire Lochaber Graphite Properties

Posted by AGORACOM-JC at 9:42 AM on Friday, September 21st, 2012

Toronto, Ontario–(September 20, 2012) – Shield Gold Inc. (TSX-V: SHG) (the “Company”) is pleased to announce that it has signed agreements, subject to regulatory acceptance, to acquire a 100% interest in two properties representing 30 mining claims in Lochaber Township in southwestern Québec. The properties being acquired are located in the Central Metasedimentary Belt of the Grenville geological province and are noted in historical reports as hosting occurrences of disseminated flake graphite.

The Agreements: Shield Gold has options (the “Options”) to earn a 100% interest in the additional claims by making the following payments and issuing the following numbers of common shares of the Company to the vendors: (i) $7,000 on or before the date of regulatory approval of the Options (the “Payment Date”); (ii) 630,000 shares within five (5) days of the regulatory approval of the Options; (iii) $27,000 and 430,000 shares on or before the 1st anniversary of the Payment Date; (iv) $43,000 and 430,000 shares on or before the 2nd anniversary of the Payment Date; and (v) $67,000 and 430,000 shares on or before the 3rd anniversary of the Payment Date. In addition, the Company agrees to incur a work commitment totaling $270,000 during the three-year term of the Options. The vendor will retain a 2% net royalty on each property, 1% of which may be purchased by the Company for $1,000,000.

Howard Sinclair-Jones, President and CEO of Shield Gold notes that: “We are pleased to have accumulated a very significant property position in the historic graphite-producing area of Buckingham and Lochaber townships. Our three properties now total 68 mining claims, representing 3,400 hectares, and are easily accessible within 15 km of each other. We have initiated our work program and will provide further details shortly via the Shield Gold website.”

About Shield Gold Inc.: Shield Gold is a junior exploration company whose mission is the discovery and development of high quality precious metal, base metal and mineral resources. The Company has entered into option and joint venture agreements with Eloro Resources Inc. on the Summit-Gaber property and with Virginia Mines Inc. on the La Grande Nord property. The contiguous properties are located in the La Grande Greenstone Belt in the James Bay region of Québec. The Company’s graphite exploration programs are located in the Buckingham and Lochaber Townships of southwestern Québec.

The content of this press release has been reviewed and approved by Mr. John M. Siriunas, P.Eng., a Qualified Person as defined by National Instrument 43-101.

For more information, please contact:

Howard Sinclair-Jones, President
Tel.: 416-654-1408 Email: [email protected]
Website: http://www.shieldgold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Amended: Lomiko Completes Drilling at Quatre Milles East Flake Graphite Property

Posted by AGORACOM-JC at 10:15 AM on Thursday, September 20th, 2012

LOMIKO METALS INC. (TSX-V:LMR, OTC:LMRMF, FSE:DH8B) (the Company) is pleased to report 23 drill holes totaling 1600 metres were completed at the Quatre Milles East Flake Graphite Property in Quebec. Visible large flake graphite was identified in multiple drill holes from this campaign.

The purpose of the exploration campaign was to confirm historic drilling completed by previous operator Graphicor in 1992, which indicated significant intercepts of graphite. Lomiko did not have and does not have access to drill core from that period and was required under National Instrument 43-101 to re-drill some holes to verify results. Lomiko did have access to a report which included GPS locations of drill collars from the previous drilling which helped determine the location of a majority of the new drill holes.

Lomiko has begun the process of shipping drill core to the lab for testing. Even though initial information is encouraging, specific characteristics such as flake size, grade of graphite per tonne, recovery rates and calculation of intercept lengths will be vital in determining the ultimate success of the project.

The previous drilling by Graphicor at Quatre Milles East indicated a near-surface, road-accessible target which was intersected by multiple drill holes during historic, non-NI 43-101 compliant drilling. The available information has been complied into a NI 43-101 report which will be the template for describing a resource if the drilling program is successful. It is available at:

lomiko.com/properties/quatre.html

Graphite Facts

-Natural graphite comes in several forms: flake, vein, amorphous and lump.

-Southwestern Quebec is host to some of the most favorable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles Mine operated by Timcal.

-Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth.

-There is roughly 20-30 times more graphite by weight needed to produce a lithium-ion battery than there is lithium.

-Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.

High-growth, high-value graphite applications require large-flake and high-purity graphite which is the prime exploration and development target at the Quatre Milles East Property.

Lomikos Quatre Milles East Graphite Property

The Quatre Milles East Property is road accessible and is located approximately 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The property consists of 28 contiguous claims totaling approximately 1,600 hectares.

The property was originally staked and explored by Graphicor in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province.

Historical Highlights

Graphicor completed reconnaissance mapping and prospecting as well as ground geophysics and a 26 hole diamond drill program totaling 1,625 metres. The work identified several conductive trends in the central portion of the property and at least three, relatively flat lying graphitic beds.

Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf. 23 of the initial 26 drill holes intersected graphite concentrations with graphite concentration in range of 4.69% in hole Q90-1 to a highlight of 8.07% Cgf over 28.60 metres in hole Q90-7. The highest individual assay was reported in hole Q90-10 reporting 15.48% Cgf over 0.50 metres. A table of results from the 43-101 indicates:

Click Here for Table

The Company cautions that it has not had the chance to verify the quality and accuracy of the historic sampling and drilling results reported in this news release which predate the introduction of NI 43-101 and cautions readers not to rely upon them. The historic figures were generated from sources believed to be reliable, however, they have not been confirmed. Although the sampling and drilling results are relevant, they have not been verified.

Graphite Market

-The price for flake graphite is $ 2000-$3000 per tonne depending on flake size and grade.

-Graphite prices have been increasing in recent months and over the last couple of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more than doubled.

-Graphite prices have almost tripled since 2005 due to the ongoing industrialization of China, India and other emerging economies and resultant strong demand from traditional steel and automotive markets.

-Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted, nuclear reactors are built in China, and if fuel cells and graphene patents become products.

-China, which produces about 70 per cent of the world’s graphite, is seeing production and export growth leveling, and export taxes and a licensing system have been instituted.

-Europe and the USA have both indicated graphite is of economic importance and has a supply risk (Critical Raw Materials for the EU, July 2010).

Jean-Sebastien Lavalle (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.
For more information, review the website at lomiko.com, contact

A. Paul Gill at 604-729-5312 or email: [email protected]
On Behalf of the Board
A. Paul Gill
Chief Executive Officer

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source: http://www.financialpost.com/news/mining/releases/detail.html?id=6664

Energizer Resources Provides Progress Report on NI 43-101 Molo Deposit Delineation

Posted by AGORACOM-JC at 9:46 AM on Wednesday, September 19th, 2012

TORONTO, ONTARIO–( Sept. 19, 2012) – Energizer Resources Inc. (TSX:EGZ)(OTCBB:ENZR)(FRANKFURT:YE5) (“Energizer” or the “Company”) is pleased to announce it has received additional assays from its National Instrument (NI) 43-101 graphite resource drill program on the Molo deposit. The results continue to outline the targeted deposit size and boundaries, as well as the grade of the Molo deposit.

The Molo deposit is located in the Green Giant Graphite project, and is part of the joint venture (JV) property with Malagasy Minerals Limited in Madagascar. Energizer has a 75% ownership interest and is the operator of the project.

Drill and Trench Intersections Support Large Footprint of Molo

The Company has received assay results from an additional 9 diamond drill holes and 1 trench. Energizer has now received a combined total of 24 (of 47) drill holes, and 10 (of 19) trenches completed over the Molo deposit. This dataset continues to confirm that the Molo deposit has a very large footprint.

The company has focused its resource delineation program on the Molo deposit. The deposit’s description and shape consists of a 2 km strike length with a south plunging antiformal fold. In the north, the graphite mineralization is between 50-100 metres in width. The deposit then flares to over 500 metres in width as you move south, after which the graphite deposit width tapers to approximately 250-350 metres before splitting into two ‘arms’. The widths of these arms range in size between 50 and 100 metre widths respectively. The deposit is open at depth, and along strike.

Drill and trench data received to date, as well as mapping, prospecting and geophysical surveying, confirms graphite mineralization at surface, and over an area of at least 250,000 m2. The depth of mineralization that has been confirmed by drilling is in excess of 300 metres. With these results, the Company continues to move forward outlining a potential deposit size of 80-120 million tonnes. As well, the assays have outlined a grade average of between 5 and 8% carbon. The Company has now reported just over 50% of its drill holes, and will continue to report assay results as it receives them from the lab.

Cautionary Statement – The potential quantity and grade of the Molo deposit is conceptual in nature and there has been insufficient assay data received at this time to properly define a mineral resource in accordance with NI 43-101 requirements. Although the Company sees no reason why a compliant mineral resource could not be defined, there is no guarantee that further exploration will result in the Molo being defined as a mineral resource. The potential quantity and grade of the Molo is being determined through the progression of exploration and the assays received. To date, the company’s exploration activities include airborne geophysical surveys, ground geophysics, mapping, drilling and trenching. The deposit target range is based on drilling and trenching results obtained to date.

Mine Site Design and Logistical Planning Underway

The recently completed drill program will provide the necessary data to complete a National Instrument (NI) 43-101 graphite resource, which will be part of the Preliminary Economic Assessment Report (PEA) due in Q4 of this year.

DRA Mineral Projects, Africa’s largest mine engineering, construction and operations firm, is authoring the PEA study, which will include a mine site layout. This layout will include a model flowchart for the graphite in three separate phases: phase 1) graphite production through simple crushing, phase 2) graphite through flotation, and phase 3) graphite purification targeting the electric vehicle (EV) battery market and electric power storage markets. It should be noted that the Molo deposit has a unique feature in that that Jumbo flake (i.e. +50 mesh) graphite at an average purity of 93% C can be easily liberated through simple crushing of the Molo deposit graphite.

As part of the PEA study, DRA has authored a preliminary mine design with a capacity of 150,000 tonnes per year graphite production. The mine will be constructed in 50,000 tonne modules. This will allow for the production at the Molo deposit to be scalable and which can be ‘ramped’ up when the project off-take demands manifest themselves in the marketplace.

Logistics and product management is a key component in a mine operation, and to this end, Energizer has engaged the Panalpina Group, one of the world’s leading intercontinental air and ocean freight supply chain and logistics companies to design and manage this phase of the operation. Panalpina has stated that existing infrastructure in southern Madagascar will allow for immediate production at the Molo. Working closely with DRA, Panalpina is currently outlining a logistical solution for Energizer that will enable graphite produced at the Molo to be transported in a cost effective manner from ‘pit to port to customer’.

Assay Results

The drill hole and trenches were designed to delineate the extent of the Molo deposit. The latest assay results received are from the southern and northern sections of the deposit respectively. Specifically, drill holes MOLO-12-10 through MOLO-12-15 were emplaced on the southern edge of the deposit where the Molo bifurcates into 2 arms. Drill holes MOLO-12-17, 18 and 20 were emplaced to test the width of the mineralization in the ‘arm’ that extends north of the Molo ‘central’. Trench MOLO-TH-12-09 was emplaced on the southern end of the Molo, where the deposit splits into 2 arms.

The table below summarizes the drill and trench intersections. An assay table summarizing all results is also provided on the Company’s website.

Drill Hole From (m) To (m) Length (m) C%
MOLO-12-10 71 278 207 6.55
MOLO-12-11 0.64 97.45 96.81 6.90
MOLO-12-11 129.3 221 91.7 5.68
MOLO-12-12 0.5 24.5 24 5.18
MOLO-12-12 80 137 57 6.56
MOLO-12-13 0.77 69.5 68.73 6.30
MOLO-12-14 35.09 128 92.91 5.44
MOLO-12-14 166 250 84 5.43
MOLO-12-15 0.87 159 158.13 5.10
MOLO-12-17 96 170 74 6.49
MOLO-12-18 7.5 118.5 111 6.39
MOLO-12-20 58.2 188.5 130.3 7.08
Trench From (m) To (m) Length (m) C%
MOLO-TH-12-09 22 130 108 6.02
MOLO-TH-12-09 166 220 54 8.79

Additional Graphite Available for Targeting Beyond the Molo Deposit

The Company realizes that off-take will be the key driver for the development and size of the Green Giant project. It continues to analyze the off-take opportunities for Electric Vehicles, fuel cells, battery storage, and pebble bed nuclear reactors. The Green Giant project offers a significant incremental exploration opportunity if the off-take demand for the above graphite usage manifests itself.

Immediately to the east, and attached to the Molo deposit is a graphite-bearing synformal fold of similar dimensions to the Molo deposit (which is an antiformal fold). This eastern synformal fold (“Molo East”) will not be part of the Company’s upcoming NI 43-101 resource statement as it was not drill tested. Through the use of both ground and airborne geophysics, geologic mapping and prospecting however, the Company believes that additional graphite mineralization would be easily obtainable at Molo East.

A satellite image of the Molo East target in relation to the Molo deposit footprint, as well as a block model of assay data received to date can be viewed on the Company’s website at www.energizerresources.com.

To view the images associated with this release, please visit the following link: http://media3.marketwire.com/docs/819900.pdf.

Energizer Appoints New President, & Chief Operating Officer and a New Chief Financial Officer

Energizer Resources is very pleased to announce the appointment of Craig Scherba, PGeo. to the role of President and Chief Operating Officer and Peter Liabotis, CA to the role of Chief Financial Officer.

In making these appointments, Kirk McKinnon, Chairman and CEO of Energizer stated, “Craig Scherba has progressively demonstrated his skillset and ability to manage the operational activities of Energizer as it moves from the exploration stage to mine development stage. Craig has steadily progressed from Vice President Exploration, to Senior Vice President of Exploration and Operations for Madagascar. The company wishes to recognize Craig’s exploration efforts in the discovery of the Molo project and its development. His intimate knowledge of the Green Giant project and his developed relationships within Madagascar, especially at the highest government levels, will provide an essential understanding as he leads the development of the Green Giant Project in Madagascar”.

“Peter Liabotis has been with the company for 3 years. During this time Peter has continuously demonstrated a strong understanding of the finance and operational side of the business. Peter’s responsibilities within the company have steadily increased and will continue to do so as we develop our Madagascar graphite project and operations.”

Richard Schler commented, “Given the magnitude of the opportunity the Molo graphite project presents us, I have stepped down from my role as VP & CFO and I will be focusing my attention primarily on the Molo mine development. I personally believe that the move towards green energy will drive electric vehicle and battery storage demand and that the tipping point is just around the corner. I will continue to sit on the Board of Directors and act in the capacity of Executive Vice-President, Operations. I am pleased that Mr Scherba and Mr Liabotis have accepted their respective roles and am confident that they will serve the shareholders well. The Molo graphite project is very promising and I believe it will provide significant shareholder value as it moves forward into production”.

Qualified Person

Craig Scherba, P.Geo., is the qualified person for the technical information provided in this release.

For more information, please visit our website at www.energizerresources.com.

We seek Safe Harbour: This press release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

Contact Information

 

Energizer Resources Inc.
Brent Nykoliation
Vice President of Business Development
Toll Free: 800.818.5442 or 416.364.4911
[email protected]

Energizer Resources Inc.
Craig Scherba
President and COO
Toll Free: 800.818.5442 or 416.364.4911
www.energizerresources.com

Lomiko Intercepts Large Flake Graphite During Drilling at Quatre Milles East Property in Quebec

Posted by AGORACOM-JC at 9:03 AM on Monday, September 17th, 2012

Vancouver BC – LOMIKO METALS INC. (TSX-V:LMR, OTC: LMRMF, FSE: DH8B) (the “Company”) is pleased to report visible identification of large flake graphite in multiple holes at the Quatre Milles Flake Graphite Property in Quebec.

The previous drilling by Graphicor at Quatre Milles East indicated a near-surface, road-accessible target which was intersected by multiple drill holes during historic, non-43-101 drilling. The available information has been complied into a NI 43-101 which will be the template for describing a resource if the drilling program is successful.  It is available at:

http://www.lomiko.com/properties/quatre.html

Graphite Facts

-Natural graphite comes in several forms: flake, vein, amorphous and lump.

-Southwestern Quebec is host to some of the most favorable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles mine operated by Timcal.

-Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth.

-There is roughly 20-30 times more graphite by weight needed to produce a lithium-ion battery than there is lithium.

-Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.

High-growth, high-value graphite applications require large-flake and high-purity graphite which is the prime exploration and development target at the Quatre Milles Property.

Lomiko’s Quatre Milles Graphite Property

The Quatre Milles Property is road accessible and is located approximately 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The property consists of 28 contiguous claims totaling approximately 1,600 hectares.

The property was originally staked and explored by Graphicor Resources Inc. (“Graphicor”) in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province.

Historical Highlights

Graphicor completed reconnaissance mapping and prospecting as well as ground geophysics and a 26 hole diamond drill program totaling 1,625 metres.   The work identified several conductive trends in the central portion of the property and at least three, relatively flat lying graphitic beds.

Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf.  23 of the initial 26 drill holes intersected graphite concentrations with graphite concentration in range of 4.69% in hole Q90-1 to a highlight of 8.07% Cgf over 28.60 metres in hole Q90-7. The highest individual assay was reported in hole Q90-10 reporting 15.48% Cgf over 0.50 metres. A table of results from the 43-101 indicates:

 ------------------------------------------
 |HOLE NO.|FROM(M)|TO(M)|WIDTH (M)|GRADE  |
 |        |       |     |         |(% CGP)|
 |----------------------------------------|
 |Q90-1   |8.94   |10.46|1.52     |7.33   |
 |----------------------------------------|
 |Q90-2   |28.68  |30.13|1.45     |10.38  |
 |----------------------------------------|
 |Q90-3   |16.23  |17.84|1.61     |4.09   |
 |----------------------------------------|
 |Q90-4   |9.4    |14.1 |4.7      |3.95   |
 |----------------------------------------|
 |Q90-5   |2      |3.90 |1.90     |2.07   |
 |----------------------------------------|
 |Q90-5   |22.13  |23.25|1.12     |10.52  |
 |----------------------------------------|
 |Q90-6   |32.54  |41.19|8.65     |8.07   |
 |----------------------------------------|
 |Q90-6   |43.47  |44.05|0.98     |3.87   |
 |----------------------------------------|
 |Q90-7   |3.94   |32.54|28.60    |8.07   |
 |----------------------------------------|
 |Q90-8   |1.54   |2.16 |0.62     |14.89  |
 |----------------------------------------|
 |Q90-8   |5.23   |8.05 |2.82     |7.45   |
 |----------------------------------------|
 |Q90-9   |2.05   |3.10 |1.05     |8.47   |
 |----------------------------------------|
 |Q90-9   |5.76   |6.8  |1.04     |10.86  |
 |----------------------------------------|
 |Q90-10  |2.14   |5.54 |3.40     |8.02   |
 |----------------------------------------|
 |Q90-10  |7.03   |7.61 |0.58     |10.59  |
 |----------------------------------------|
 |Q90-10  |8.53   |9.03 |0.50     |15.48  |
 |----------------------------------------|
 |Q90-10  |9.27   |11.24|1.97     |12.37  |
 |----------------------------------------|
 |Q90-10  |14.16  |15.46|1.30     |4.26   |
 |----------------------------------------|
 |Q90-11  |26.82  |34.02|7.20     |4.63   |
 |----------------------------------------|
 |Q90-12  |0.94   |8.53 |7.59     |8.60   |
 |----------------------------------------|
 |Q90-12  |38.16  |43.61|5.45     |3.79   |
 |----------------------------------------|
 |Q90-13  |0.69   |10.28|9.59     |4.64   |
 |----------------------------------------|
 |Q90-13  |40.95  |43.14|2.19     |3.82   |
 |----------------------------------------|
 |Q90-14  |5.56   |7.22 |1.66     |8.12   |
 |----------------------------------------|
 |Q90-15  |2.21   |5.59 |3.38     |9.76   |
 |----------------------------------------|
 |Q90-16  |       |     |         |NSV    |
 |----------------------------------------|
 |Q90-17  |15.48  |18.63|3.15     |8.11   |
 |----------------------------------------|
 |Q90-17  |21.43  |23.67|2.24     |13.29  |
 |----------------------------------------|
 |Q90-17  |36.77  |47.97|11.20    |5.88   |
 |----------------------------------------|
 |Q90-17  |57.15  |58.21|1.06     |9.53   |
 |----------------------------------------|
 |Q90-17  |59.54  |69.82|10.28    |5.99   |
 |----------------------------------------|
 |Q90-18  |10.68  |12.90|2.22     |8.12   |
 |----------------------------------------|
 |Q90-19  |47.80  |49.25|1.45     |9.16   |
 |----------------------------------------|
 |Q90-19  |50.42  |58.49|8.07     |5.72   |
 |----------------------------------------|
 |Q90-20  |13.51  |16.98|3.47     |5.81   |
 |----------------------------------------|
 |Q90-21  |2.80   |4.98 |2.18     |5.56   |
 |----------------------------------------|
 |Q90-22  |17.37  |20.04|2.67     |2.58   |
 |----------------------------------------|
 |Q90-23  |       |     |         |NSV    |
 |----------------------------------------|
 |Q90-24  |1.78   |4.14 |2.36     |3.77   |
 |----------------------------------------|
 |Q90-24  |12.32  |13.09|0.77     |4.20   |
 |----------------------------------------|
 |Q90-24  |16.86  |18.66|1.80     |4.96   |
 |----------------------------------------|
 |Q90-25  |19.69  |21.24|1.55     |3.67   |
 |----------------------------------------|
 |Q90-25  |25.27  |26.65|1.38     |9.66   |
 |----------------------------------------|
 |Q90-26  |       |     |         |NSV    |
 ------------------------------------------

The Company cautions that it has not had the chance to verify the quality and accuracy of the historic sampling and drilling results reported in this news release which predate the introduction of NI 43-101 and cautions readers not to rely upon them. The historic figures were generated from sources believed to be reliable, however, they have not been confirmed. Although the sampling and drilling results are relevant, they have not been verified.

Graphite Market

-The price for flake graphite is $ 2000-$3000 per tonne depending on flake size and grade.

-Graphite prices have been increasing in recent months and over the last couple of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more than doubled.

-Graphite prices have almost tripled since 2005 due to the ongoing industrialization of China, India and other emerging economies and resultant strong demand from traditional steel and automotive markets.

-Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted, nuclear reactors are built in China, and if fuel cells and graphene patents become products.

-China, which produces about 70 per cent of the world’s graphite, is seeing production and export growth leveling, and export taxes and a licensing system have been instituted.

-Europe and the USA have both indicated graphite is of economic importance and has a supply risk (Critical Raw Materials for the EU, July 2010).

Near-Term Strategy

Lomiko plans to mount an aggressive exploration campaign on the Quatre Milles Graphite Property commencing with a complete compilation of historic geologic work followed by surface mapping, prospecting and follow-up diamond drilling.

Jean-Sebastien Lavallée (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

For more information, review the website at www.lomiko.com, contact

A. Paul Gill at 604-729-5312 or email: [email protected]

On Behalf of the Board

“A. Paul Gill”

Chief Executive Officer

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Rock Tech Samples 22% Graphite at Lochaber Project in Quebec

Posted by AGORACOM-JC at 5:11 PM on Thursday, September 13th, 2012

Vancouver, British Columbia, Canada, September 13, 2012 – Rock Tech Lithium Inc. (TSX-Venture: RCK; Frankfurt: RJIA; Pink Sheets: RCKTF) (the “Company” or “Rock Tech”) is pleased to announce the results of surface grab samples taken from its Lochaber graphite property in Quebec, Canada.  The results demonstrate the presence of graphite mineralization with grades up to 22% graphite.

In May 2012, a total of eleven (11) surface samples were collected from various outcrops and boulders as part of a due diligence property visit by the Company’s geological team.  The majority of the samples were collected from the historical graphite occurrences, past producing mines and other areas of past exploration work.  The surface samples were submitted to Techni-Lab Abitibi Inc., a branch of Activation Laboratories Ltd., and were tested by using the following analytical packages: Code 5D, analyzing C-Graphite (infrared) where the sample is subjected to a multistage furnace treatment to remove all forms of carbon with the exception of graphitic carbon; and C-Total (infrared), a procedure that determines the most volatile organic carbon species.

Company President and CEO, Eunho Lee, commented, “We are pleased with the results of the grab samples as they confirm the presence of graphite mineralization on our Lochaber project.”

Analytical results are presented in the following table:

 -------------------------------------------------------
 |             |Location        |           |          |
 |             |                |           |          |
 |             | (NAD 83,       |           |          |
 |             |Zone 18)        |           |          |
 |-----------------------------------------------------|
 |Sample Number|Easting|Northing|Sample Type|% Graphite|
 |-----------------------------------------------------|
 |             |       |        |           |          |
 |-----------------------------------------------------|
 |Kelly 12-01  |475686 |5060020 |Grab       |16.70%    |
 |-----------------------------------------------------|
 |McLaren 12-01|475468 |5059405 |Grab       |3.01%     |
 |-----------------------------------------------------|
 |Burke 12-01  |475844 |5060590 |Grab       |20.70%    |
 |-----------------------------------------------------|
 |Burke 12-02  |475844 |5060590 |Grab       |10.40%    |
 |-----------------------------------------------------|
 |Burke 12-03  |475855 |5060588 |Grab       |22.00%    |
 |-----------------------------------------------------|
 |Burke 12-04  |475855 |5060568 |Grab       |16.60%    |
 |-----------------------------------------------------|
 |Plum 12-01   |475196 |5055367 |Grab       |0.75%     |
 |-----------------------------------------------------|
 |Plum 12-02   |475285 |5055390 |Grab       |10.30%    |
 |-----------------------------------------------------|
 |Plum 12-03   |475289 |5055397 |Grab       |4.91%     |
 |-----------------------------------------------------|
 |Plum 12-04   |475387 |5055475 |Grab       |13.60%    |
 |-----------------------------------------------------|
 |Plum 12-05   |474986 |5055433 |Grab       |1.11%     |
 -------------------------------------------------------

The technical information contained in this news release has been reviewed by Afzaal Pirzada, P.Geo., Vice President, Exploration of the Company and a qualified person as defined by NI 43-101.

On behalf of the Board of Directors,

“Eunho Lee”

Eunho Lee

Director, President and CEO

For more information, please contact:

Eunho Lee

Rock Tech Lithium Inc.

789 West Pender Street, Suite 1205

Vancouver, B.C., V6C 1H2

Telephone:  (604) 688-1140

Facsimile:  (604) 688-1173

Email: [email protected]

Disclaimer and Cautionary Statement Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.  This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements.  Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions.  Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements.  Forward-looking statements are based on estimates and opinions of management at the date the statements are made.  The Company does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change.  Investors should not place undue reliance on forward-looking statements.

Galaxy Graphite Corp. Completes Phase I at Brownell LK, SK, Commences Phase II on Encouraging Results

Posted by AGORACOM-JC at 9:33 AM on Thursday, September 13th, 2012

VANCOUVER, BRITISH COLUMBIA–(Sept. 13, 2012) – Galaxy Graphite Corp. (TSX VENTURE:GXY) (the “Company” or “Galaxy”) is pleased to announce that very encouraging sample results have been received for the Phase I program on its Brownell Lake, SK gold project. After a preliminary review of those results, a second phase of field work is now underway.

The Phase I program consisted of detailed mapping and sampling (soils and outcrops), as well as ground geophysics (VLF/magnetometer). Samples were taken on a 50×50 meter grid. A preliminary review of those results is very encouraging with a substantial number of high grade samples. From 135 rock samples, 7 returned values in excess of 10 g/t Au, including one above the upper detection limit of 100 g/t Au. A total of 560 soil samples were taken, of which 20 exceeded 100 ppb Au. Of those 20, two exceeded 1000 ppb (1 g/t).

The areas investigated in this first phase included potential extensions of the previously worked Olsen Lake showing, as well as several other prospective areas of the property.

A detailed review of the results has not yet been completed, but the preliminary review indicated that they were of sufficient interest to embark immediately on a second phase of work, which will include channel sampling across the more significant zones. The purpose of this work is to determine the extents of the zones identified by the Phase I program.

The Brownell Lake property is located in the Brownell Lake Greenstone Belt, within the Glennie Domain, and lies approximately 100 km east of La Ronge, SK.

Chris M. Healey, P.Geo, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

ON BEHALF OF THE BOARD

Chris M. Healey, President and CEO

We seek safe harbor.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Galaxy Graphite Corp.
    (604) 921-1810
    (604) 921-1898 (FAX)

     

Graphite One Drills 47.0M of 6.02% and 166.62M of 4.01% Graphite

Posted by AGORACOM-JC at 5:02 PM on Wednesday, September 12th, 2012

September 12, 2012 – Calgary, Alberta – Graphite One Resources Inc. (GPH: TSX-V, GPHOF: OTCQX) (“Graphite One” or the “Company”) is pleased to announce drill results for its Graphite Creek Property. Graphite One has verified that the 16km long EM conductor is directly related to wide scale, high-grade and large-flake graphite mineralization.

Hole GCH001: 128.0 metres of 3.79% including 47.0 metres of 6.02%, and 18.0 metres of 6.1% graphite

Hole 12GC007: 166.62 metres of 4.01% including 30.62 metres of 7.01% and 25.77 metres of 8.14% graphite

“The results from this year’s program continue to be exciting as they show us the continuity of this high grade, large flake graphite ore body. We drilled over 2.2km of strike length, which is only 14% of the total strike length identified by our airborne electromagnetic survey. And it’s important to understand that this doesn’t include the newly discovered Araujo and South Zones,” stated Anthony Huston, President and Director for Graphite One Resources. “This year’s results continue to demonstrate the significant size and quality potential for this ore body.”

Analytical results from diamond drill holes 12GCH001, 002 and 003 and 12GC006 and 007 have been received. The results further confirm that graphite mineralization exposed at surface extends to vertical depths of over 200 metres (see drill hole map attached; see Table below). All drill holes will be used to produce a NI 43-101 compliant graphite resource, anticipated in Q1 2013.

 ------------------------------------------------------------------
 |Drill Hole |Azimuth |Dip|Depth        |Intersection (m)|Graphite|
 |           |        |   |             |                |(% Cg)* |
 |           |--------|   |------|
 |           |From (m)|   |To (m)|
 |----------------------------------------------------------------|
 |12GCH001   |160     |-50|7.0   |135.0 |128.0           |3.79%   |
 |----------------------------------------------------------------|
 |……including|        |   |7.0   |54.0  |47.0            |6.02%   |
 |----------------------------------------------------------------|
 |……including|        |   |72.0  |90.0  |18.0            |6.1%    |
 |----------------------------------------------------------------|
 |12GCH002   |160     |-50|3.93  |124.0 |120.07          |3.95%   |
 |----------------------------------------------------------------|
 |……including|        |   |3.93  |37.0  |33.07           |6.09%   |
 |----------------------------------------------------------------|
 |……including|        |   |9.0   |29.0  |20.0            |7.95%   |
 |----------------------------------------------------------------|
 |……including|        |   |57.06 |100.87|43.81           |5.31%   |
 |----------------------------------------------------------------|
 |12GCH003   |160     |-50|3.94  |169.77|165.83          |2.96%   |
 |----------------------------------------------------------------|
 |……including|        |   |3.94  |33.25 |29.31           |8.0%    |
 |----------------------------------------------------------------|
 |……including|        |   |3.94  |21.0  |17.06           |11.07%  |
 |----------------------------------------------------------------|
 |……including|        |   |63.0  |101.95|38.95           |4.09%   |
 |----------------------------------------------------------------|
 |12GC006    |160     |-50|13.97 |211.0 |197.03          |2.21%   |
 |----------------------------------------------------------------|
 |……including|        |   |13.97 |70.0  |56.03           |3.69%   |
 |----------------------------------------------------------------|
 |……including|        |   |33.0  |53.0  |20.0            |5.08%   |
 |----------------------------------------------------------------|
 |12GC007    |160     |-50|59.38 |226.0 |166.62          |4.01%   |
 |----------------------------------------------------------------|
 |……including|        |   |59.38 |90.0  |30.62           |7.01%   |
 |----------------------------------------------------------------|
 |……including|        |   |119.0 |144.77|25.77           |8.14%   |
 ------------------------------------------------------------------

*Cg – Graphitic Carbon (see cross-sections 12GCH001, 002 and 003, GC006, 007 attached)

The drill holes were drilled at -50 degree dip to test true thickness of mineralization. The graphite bearing rocks dip at approximately 60 degrees and are exposed at surface along the dip slope which would be ideal with respect to an open pit mining operation and low strip ratio.

Graphite One has its own core logging and sample preparation laboratory/ facility in Nome, Alaska. The sample preparation laboratory was installed, and is being managed by Actlabs, Ancaster, Ontario. This will ensure Graphite One maintains the highest level of QA/QC and ensures timely receipt of analytical results. Graphite One expects timely receipt of ongoing results. Dean Besserer, P.Geol., V.P. Exploration, manages Graphite One’s exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.

About Graphite Creek

The Graphite Creek property comprises 89 claims totalling 4,209 hectares on the Seward Peninsula of Alaska, 65 kilometres north of Nome. Mineralization at the Graphite Creek property is characterized by coarse crystalline (large-flake) graphite (more than 80 mesh) within graphite-bearing schist(s). Graphite mineralization is exposed at surface. The large-flake graphite occurs as disseminations and high-grade segregations and lenses in distinctive garnet-bearing quartz biotite schist(s) and biotite schist(s). The host schist(s) is continuous over 16 kilometres of strike length, based on mapping, geophysics, and has an approximate thickness in excess of 250 metres, and is exposed down dip 200 to 250 metres, thus indicating the potential for more than 250 million tonnes of graphite-bearing rock. The estimate of potential tonnage is based on the company’s geological mapping in 2011/12 and drilling during 2012. The potential size and grade of the mineralization at the Graphite Creek Property are conceptual in nature as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in discovery of a mineral resource. The property is three kilometres away from intertidal waters at Windy Cove, approximately 20 kilometres away from road systems, and three kilometres from an airstrip to the southeast.

Graphite One uses Actlabs (Ancaster, Ontario), an ISO/IEC 17025 accredited analytical laboratory. The technique used for determining graphitic carbon is by LECO whereby the pulp is either digested with hydrochloric and perchloric acids, or subjected to a multistage furnace treatment to remove all forms of carbon with the exception of graphitic carbon.

Graphite One Resources is committed to a regimented QA/QC program including utilizing standards, blanks and duplicates as per normal industry standards.

GRAPHITE ONE RESOURCES INC. (GPH: TSX-V, GPHOF: OTCQX) is a mineral exploration company with extensive experience in the state of Alaska and a business strategy to identify, acquire, and explore high potential projects ready for rapid advancement. The Graphite Creek Property on the Seward Peninsula of Alaska fits with the Graphite One business strategy offering significant potential for the discovery and development of a large-flake, graphite deposit exposed at surface. Graphite One has an option to earn a 100% interest in the Graphite Creek Property and plans to rapidly advance the Property to a NI 43-101 compliant resource.

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ON BEHALF OF THE BOARD OF DIRECTORS

(signed) “Anthony Huston”

For more information on Graphite One Resources Inc. please visit the Company’s website, www.GraphiteOneResources.com or contact:

Anthony Huston President & Director Tel: (604) 697-2862 Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts that address access to capital, regulatory approvals, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedar.com