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National Graphite Announces Completion Of Geophysics Survey On Nevada Graphite Property

Posted by AGORACOM-JC at 10:29 AM on Wednesday, September 12th, 2012

Wednesday, September 12, 2012 – National Graphite Corp, (NGRC-OTCBB) formerly Lucky Boy Silver Corp. (LUCBE –OTCBB) is pleased to announce that the Company has completed the StrataGem Electro-Magnetic Survey on its Chedic/Voltaire Graphite property in NW Nevada. An independent Geophysicist will interpret all data acquired and deliver a report in two to three weeks. This will delineate our future drill targets.

Also, contracted Geologist, John O. Rud, M.Sc. of the GeoXplor Corporation has completed staking on the property adjacent to the Chedic/Voltaire property adding 15 more lode claims and 300 additional acres to the company’s graphite holdings in NW Nevada. The Company previously purchased a 100% interest in and to the Chedic/Voltaire Graphite Property consisting of 20 Mineral Lode Claims in Township, 15 North, Range 19 East, Sections 25 & 26 Carson City, NV comprising approximately 400 acres.

The Company previously also purchased 65 claims of 60 hectares each for a total of over 9,600 acres in Lochaber Township in Quebec, Canada. This property is near the Dun Raven Mines that is estimated to have in excess of four million tons of 4.1% Graphite.

Graphite

Graphite is one of the most versatile of non-metallic minerals. Used in batteries, lubricants, brake linings, refractories and foundries, graphite can be either synthetic or natural. Natural and synthetic graphite industries operate independently and have little crossover in market share and end uses. The rise of the Lithium-ion battery has caused great excitement in the graphite industry in recent times. Demand for batteries (primarily nickel-metal-hydride and to a lesser extent Li-ion) caused a surged in graphite demand in the late 1980s through the 2000s. The growing graphite end and use 10X the graphite to lithium is used and is a critical element in the rapidly expanding electric auto market. Batteries are the fastest growing end use for graphite. Electric vehicles hold the potential to see graphite demand boom. For example, the Li-ion battery in the fully electric Nissan Leaf contains nearly 40 kg of graphite.

National Graphite to enter World Production

American production of Graphite is a national priority as China currently dominates world graphite production and represents 75% of total output. India is the second largest producer followed by Brazil, North Korea, Austria and Canada. The U.S. has no current natural graphite production but National Graphite Corp is committed to explore bringing the Chedic/Voltaire graphite mine to production.

Contact: Kenneth B Liebscher – [email protected]

“Safe Harbor” Statement:

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Notice Regarding Forward Looking Statements -This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products. Investors are encouraged to review the risk factors listed or described from time to time in the Company’s filings with the Securities and Exchange Commission.

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Lithium-Ion Battery that Charges 120 Times Faster than Normal Developed

Posted by AGORACOM-JC at 4:38 PM on Tuesday, September 11th, 2012

A super fast-charging lithium-ion battery capable of being recharged 30 to 120 times faster than conventional li-ion batteries has been developed by researchers.

20120910-112425.jpg

The researchers think that they can use this technology to create a battery pack for electric vehicles that will fully charge in less than a minute.

The primary issue with rechargeable batteries is the increased charging time that results as their volume grows. Since batteries charge from the outside towards the inside, the thicker the battery becomes the longer it will takes to charge. This is solvable to a degree by breaking the larger battery into smaller individual cells, but there are limits to that.

“The Korean method takes the cathode material — standard lithium manganese oxide (LMO) in this case — and soaks it in a solution containing graphite. Then, by carbonizing the graphite-soaked LMO, the graphite turns into a dense network of conductive traces that run throughout the cathode. This new cathode is then packaged normally, with an electrolyte and graphite anode, to create the fast-charging li-ion battery. Other factors, such as the battery’s energy density and cycle life seem to remain unchanged.”

The networks of carbonized graphite created by this process essentially function as blood vessels. They allow nearly the whole of the battery to recharge at the same time, speeding the recharge up by 30 to 120 times.

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“Now, for all intents and purposes, this is a standard lithium-ion battery that could be used in smartphones and laptops — but the network of conductive traces does increase the overall size of the battery, so it’s probably better suited for use in electric vehicles (EVs). Obviously, an EV that can be recharged in under a minute is pretty crazy — though it still only brings them in-line with their gas-guzzling cousins. Being able to charge quickly is convenient, but it doesn’t get around the fact that li-ion battery packs are incredibly expensive — and the Korean carbonized LMO battery certainly won’t be cheap.”

Fast-charging batteries for phones and computers sound very appealing, though, so I can’t imagine that this technology won’t end up being applied that way eventually. The researchers also mention potential applications in wireless mice and keyboards, and other small electronics.

Imagine being able to charge an electric car in a minute; cheap, fast, no gasoline fumes, and no CO2 emissions.

Source: Clean Technica (http://s.tt/1n4kW)

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Standard Graphite Discovers A New Graphite Zone on Mousseau East

Posted by AGORACOM-JC at 8:37 AM on Tuesday, September 11th, 2012

VANCOUVER, BRITISH COLUMBIA–(Sept. 11, 2012) – Standard Graphite Corp. (TSX VENTURE:SGH) (the “Company”) is pleased to report the discovery of a new graphite zone on the eastern portion of its Mousseau East Graphite project. The new zone was discovered on the eastern side of Oat Lake during a ground follow-up of the TDEM anomalies defined during the property-scale airborne geophysical survey.

In late July 2012, the company initiated a systematic prospecting program on the project putting the emphasis on the conductive axis traced during the TDEM survey performed during the same month. The primary objective of this program was to explain a series of well-defined conductors on the eastern portion of the property where no historical work was reported.

The ground crews successfully located graphite horizons in areas adjacent to the anomalies and an important discovery was made while traversing along a conductive axis on the southern flank of a hill close to Oat Lake. A graphite outcrop (19.6% Cg) was found within the characteristic rusty weathered schists and bears all similarities with the richer surface occurrences found in the main zone.

The company is immediately moving forward with applications for the necessary permits required to evaluate this discovery. An application has been made with the MRNF to strip and drill the new graphite outcrops and work will begin immediately upon receiving the necessary authorizations. The objective is to ascertain whether this mineralization forms the direct continuity of the main zone or whether it is an entirely different horizon.

Chris Bogart, President and CEO explains: “This recent discovery could significantly impact the project and therefore Standard has decided to quickly focus its attention on the eastern side of the project. Additional drilling has been planned to better evaluate the implication of this new zone.”

To view a map of the results please click here:

http://www.standardgraphite.com/i/pdf/_mousseau.pdf

Antoine Fournier P. Geo. manages Standard’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 Standard Graphite

Standard Graphite Corp is focused exclusively on the exploration and development of a large portfolio of flake graphite properties in Canada. The company is rapidly positioning itself as North America’s premier pure-play graphite exploration company and it controls 100% interest in 13 highly prospective graphite properties within known graphite districts in both Quebec and Ontario. An aggressive 2012 exploration strategy has commenced and will be implemented by a geologic team with the pedigree of a previous world-class graphite discovery.

ON BEHALF OF THE BOARD

Chris Bogart, President & CEO

Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the future performance of Standard Graphite Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Standard Graphite Corp.’s filings with the appropriate securities commissions.

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.

Contact Information

 

Standard Graphite Corp.
Chris Bogart
President & CEO
(604) 683-2509
(604) 683-2506 (FAX)
[email protected]
www.standardgraphite.com

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Focus Clarifies Disclosure on its Lac Knife Project

Posted by AGORACOM-JC at 4:43 PM on Monday, September 10th, 2012

OTTAWA, ONTARIO–(Sept. 10, 2012) – As a result of a review by the staff of the Ontario Securities Commission (the “OSC“), Focus Graphite Inc. (“Focus” or the “Company“) (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is issuing the following news release regarding its disclosure on the Lac Knife Project (the “Project“). Indeed, the Company has been notified by the OSC of its recent selection for a review of its continuous disclosure record, the whole conducted under Section 20.1 of the Securities Act (Ontario).

The OSC has advised the Company that it is of the view that Focus has disclosed, in numerous documents, the outcomes on a study that includes the economic analysis of the potential viability of mineral resources on the Project that is not supported by a technical report as required by National Instrument in 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“). The OSC is therefore of the opinion that the Company is in default of filing the required technical report triggered by the disclosure made by the Company on the Project.

The disclosure referred to in the OSC comment letter is found on the Company’s website (namely in the section containing information on the Project), and in various other documents such as an investor / broker update, presentations and speeches and the corporate presentation of the Company, all of which are available on the Company’s website. Such documents contained, among other, information on the Project’s capital cost, mine life, estimates on yearly production, production costs per ton and revenue potential. Most of this information was taken from historical reports prepared by previous owners of the Project before the introduction of NI 43-101 and should not be relied upon.

In January 18, 2012, the Company filed on SEDAR an NI 43-101 compliant technical report prepared by Roche Ltd. – consulting group, Tekhne Research and Bumigene Inc., which contained an updated resource calculation on the Project.

In light of the comments and concerns raised by the OSC, in light of the current resource estimate filed by the Company in January 2012 and considering that the Company is scheduled to file a Preliminary Economic Assessment on the Project within the next few weeks, the Company has reviewed its disclosure documents relating to the Project and has removed the technical information on the Project which is presently not supported by a current NI 43-101 compliant technical report. The Company will conduct a further review and update of these documents upon release of its Preliminary Economic Assessment on the Project.

Focus Graphite Vice President, Exploration, Mr. Tony Brisson, is the Qualified Person, as defined by National Instrument 43-101 and has reviewed this news release.

About Focus Graphite

Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. It is the owner of the NI 43-101 compliant Lac Knife graphite deposit grading 16% carbon as graphite. The company’s goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus Graphite is invested in the development of graphene applications and patents through Grafoid Inc.

Forward Looking Statements – Disclaimer

This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com Focus Graphite disclaims any intention or obligation to revise or update such statements.

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.

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Big North Enters into Letter of Intent to Acquire Three Past-Producing Graphite Mines in Sonora Mexico

Posted by AGORACOM-JC at 10:34 AM on Monday, September 10th, 2012

Vancouver, B.C., September 10, 2012 – BIG NORTH GRAPHITE CORP. (TSX-V: NRT) (the “Company” or “Big North”), announced today that the Company has entered into a letter of intent (the “LOI”) with Can-Am Gold Corp. (the “Vendor”) to acquire all of the issued and outstanding shares of Grafito La Barranca SA de CV (“Grafito”), held by the Vendor (which shares represent 99.9% of the issued and outstanding share capital of Grafito)(the “Transaction”).  Grafito is the registered and beneficial owner of two mining concessions located in Sonora, Mexico.

Grafito holds a 100% interest in the Aki Wiki concession (“Aki Wiki”) and has a 50/50 joint venture on the Nuevo San Pedro property (“Nuevo San Pedro”, and together with Aki Wiki, the “Property”), a past producing amorphous graphite mine which is currently being re-opened.  Both concessions are located in the San Jose de Moradillas region, a region that has produced graphite for more than 145 years.  San Jose de Moradillas is located approximately 45 kilometers southwest of the city of Hermosillo, Mexico.

Aki Wiki consists of approximately 145 hectares. There are two past producing mines on the property, La Fortuna and Caraples.  Aki Wiki is located approximately 1.5 kilometers south of the historic El Cochi graphite mine, where there was a town of more than 600 workers living there at that time. The peak of graphite production for the region occurred in 1996, when the region produced and shipped approximately 58,000 tons.

Nuevo San Pedro is an approximately 11 hectare property located north of Aki Wiki and near the town of La Colorada. The La Lourdes graphite mine, which has been in operation for approximately 50 years, is located less than 1 kilometer to the north.  Nuevo San Pedro is a past producing mine, which shut down due to low graphite prices.  The mine is currently being re-opened.

Pursuant to the terms of the LOI, Big North will acquire 100% of the interests held by the Vendor in the Property by acquiring all of the issued and outstanding shares held by the Vendor in Grafito by making the following payments and issuing the following common shares to the Vendor:

-US$25,000 upon signing the LOI as a non-refundable deposit;

-US$75,000 within 5 days of TSX Venture Exchange (“TSXV”) acceptance of the definitive agreement for the Transaction (the “Effective Date”);

-US$100,000 upon the first year anniversary of the Effective Date, or upon completion of a minimum $1,500,000 equity financing of Big North, whichever occurs earlier;

-1,200,000 common shares in the capital of Big North (“Big North Shares”) within 5 days of the Effective Date;

-500,000 Big North Shares on or before the 6 month anniversary of the Effective Date; and

-500,000 Big North Shares on or before the 12 month anniversary of the Effective Date.

The Vendor and Big North are arm’s length parties as defined by the policies of the TSX Venture Exchange (the “TSXV”).  A finder’s fee may be paid in connection with this Transaction up to the maximum permitted by the policies of the TSXV.

The Transaction is subject to a number of conditions and approvals, including, but not limited to, satisfactory due diligence, settlement of a definitive agreement, required corporate approvals and TSXV approval.  There can be no assurance that the Transaction will be completed as proposed or at all.

For further information please contact Spiro Kletas at (604) 629-8220.

ON BEHALF OF THE BOARD

(signed) “Spiro Kletas” Spiro Kletas President and Chief Executive Officer

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.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

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National Graphite Corp Expands Graphite Holdings in NW Nevada

Posted by AGORACOM-JC at 12:41 PM on Wednesday, September 5th, 2012

LAS VEGAS, Sept. 5, 2012 – National Graphite Corp (NGRC-OTCBB) formerly Lucky Boy Silver Corp. (LUCB-OTCBB) is pleased to announce that the Company has contracted with John O. Rud, Geologist, M.Sc. of the GeoXplor Corporation to expand the Company’s graphite land holdings in NW Nevada. The Company previously purchased a 100% interest in and to the Chedic Graphite Property consisting of  20 Mineral Lode Claims in Township, 15 North, Range 19 East, Sections 25 & 26 Carson City, NV comprising approximately 400 acres. This expansion will add 300 acres adjacent to the Chedic/Voltaire Graphite mine. Field work will commence immediately.

The Company previously also purchased 65 claims of 60 hectares each for a total of over 9,600 acres in Lochaber Township in Quebec, Canada.  This property is near the Dun Raven Mines that is estimated to have in excess of four million tons of 4.1% Graphite.

Graphite

Graphite is one of the most versatile of non-metallic minerals. Used in batteries, lubricants, brake linings, refractories and foundries, graphite can be either synthetic or natural.  Natural and synthetic graphite industries operate independently and have little crossover in market share and end uses. The rise of the Lithium-ion battery has caused great excitement in the graphite industry in recent times. Demand for batteries (primarily nickel-metal-hydride and to a lesser extent Li-ion) caused a surged in graphite demand in the late 1980s through the 2000s – driven by portable electronics such as cell phones, iPods*, iPads* and portable computers. Lithium Batteries are the fastest growing end and use 10X the graphite to lithium and is a critical element in the rapidly expanding electric auto market. Batteries are the fastest growing end use for graphite. Electric vehicles hold the potential to see graphite demand boom. For example, the Li-ion battery in the fully electric Nissan Leaf contains nearly 40 kg of graphite.

World Production

China dominates world graphite production and represents 75% of total output. India is the second largest producer followed by Brazil, North Korea, Austria and Canada. The U.S. has no current natural graphite production but with National Graphite Corp’s exploration commitment plans, this will soon change.

*iPod, iPad are registered trademarks of Apple, Inc.

Contact: Kenneth B Liebscher – [email protected]

“Safe Harbor” Statement:Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995.  Notice Regarding Forward Looking Statements -This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products.  Investors are encouraged to review the risk factors listed or described from time to time in the Company’s filings with the Securities and Exchange Commission.

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Alabama Graphite Announces Preparation of Technical Report for Coosa Graphite Project

Posted by AGORACOM-JC at 10:20 AM on Tuesday, September 4th, 2012

Sep 04, 2012 — September 4, 2012 – VANCOUVER, BC, Canada – Alabama Graphite Corp. (the “Company”) (cnsx:ALP) announces the filing of a technical report titled “Technical Report, Coosa Graphite Project, Coosa County, Alabama, USA, dated August 31, 2012 with an effective date of August 22, 2012 (the “Technical Report”) prepared by Dana Durgin, a qualified person under National Instrument 43-101.

The Company’s Alabama subsidiary, Alabama Graphite Company, Inc. (the “Subsidiary”), leased the mining rights to the project area pursuant to a mining lease agreement and option dated August 1, 2012. The Subsidiary is also currently negotiating a surface access agreement with the holder of surface rights over the project area.

History of Graphite in Alabama

Graphite deposits were recognized in Alabama as early as before 1860. The first successful efforts to recover the graphite were in 1899 when the Allen Graphite Company started producing graphite using a patented oil flotation process. Disruption of foreign graphite supplies in World War I stimulated a graphite boom in Alabama. By 1918 there were 30 flotation plants operating in the district with a total production of 1918 of 7.8 million pounds (3.5 million kg) of graphite. Resumption of foreign trade after the war caused many of the plants to close, but three plants remained in service until 1929. All were closed by 1930.

The onset of World War II caused the Ceylon plant in Coosa County to re-open in 1939. It also prompted a study of the Alabama Graphite Belt by the US Bureau of Mines as a source of strategically important graphite. A field lab was established in Ashland and the Bureau of Mines studied 49 graphite deposits in 11 mining areas, including extensive mapping, trenching, sampling and some drilling of virtually all of the known deposits. By the end of the war, three mills were in operation. However at the war’s end, demand decreased and by 1950 there were only two mines still in operation, and both were closed in 1953. The Alabama Graphite Belt has been idle since that time. The recent upsurge of interest in graphite has prompted a renewed interest in the area. The acquisition of the Coosa Graphite property is one of the first new developments in this area.

The Coosa Graphite Project

The Coosa Graphite Property is located in Coosa County, Alabama, 60 air miles (96km) south-southeast of Birmingham and covers approximately 10 miles (16 kilometers) of strike length of graphitic schists, which includes several bands of graphitic schist in a zone up to 6 miles (9.6km) wide. An initial sampling program has been completed with positive results. The author of the Technical Report has visited the historic mines in the field, and has seen the graphitic schist exposures in roadcuts. The author of the Technical Report has reviewed the sampling and analytical protocols and found them to be satisfactory.

The distribution of the graphitic schists and the locations of higher grade areas within the Coosa Graphite Project are generally outlined on the available geologic maps but are poorly known in detail. The author of the Technical Report has recommended an airborne electromagnetic (EM) survey to define the locations and limits of the graphite-bearing schist units. It is expected that the EM survey will focus the subsequent exploration efforts on the most favorable areas.

The Property has a well-developed network of access roads built for timber management purposes. These provide exposures of the schists in roadcuts, which would otherwise be difficult to find. Some of these have been sampled, in less than 10% of the prospective area. A preliminary sampling program consisting of 113 channel samples returned an average of 4.28% total carbon. Previous analyses at the Coosa Graphite Project indicate that 97% of the carbon is in the form of graphite.

In addition to the geophysical survey, a program of backhoe trenching is being implemented to further expose the geology in the areas where the channel sampling indicated the more well-mineralized graphitic horizons. This work is expected to define drilling targets.

The recommended budget for the planned program for the exploration and development program at the Coosa Graphite Project is US$2,518,000.

Daniel Spine, President and Chief Executive Officer, states, “Alabama Graphite is proud to be leading the way in investigating the possible reawakening of Alabama as a major supplier of North American graphite. Our dealings with state and local officials have uniformly enthusiastic. We look forward to advancing the Coosa Graphite Project in an expedited fashion.”

Dana Durgin, AIPG Certified Professional Geologist #10364 and a Qualified Person as defined by National Instrument 43-101, and the author of the Technical Report and an independent consultant to the Company, has prepared or supervised the preparation of the information that forms the basis for the scientific and technical information contained in this press release.

In addition, further to the Company’s news release of August 31, 2012, the Company advises that it issued a total of 2,696,664 common shares (and not 2,696,667 common shares) pursuant to the private placement that closed on August 31, 2012.

About Alabama Graphite:

Alabama Graphite Corp., through its wholly-owned subsidiary, Alabama Graphite Company, Inc., is a graphite exploration and development company whose flagship project “The Coosa Graphite Project” in Coosa County, Alabama is located in an area with significant historical production of crystalline flake graphite. For further details go to www.alabamagraphite.co .

ALABAMA GRAPHITE CORP.

Daniel Spine, President & CEO: (404) 661-6254

Investor Relations:

Bobby Mullins: (647) 341-7465 or (416) 317-4538

[email protected]

THE CANADIAN NATIONAL STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward-looking information

This release contains “forward-looking information” within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking information includes, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as the planned exploration work allowing for a focus of subsequent exploration efforts on the most favourable areas and the definition of drilling targets.

Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “planning”, “planned”, “expects” or “looking forward”, “does not expect”, “continues”, “scheduled”, “estimates”, “forecasts”, “intends”, “potential”, “anticipates”, “does not anticipate” or “belief” or describes a “goal” or variation of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking information is based on a number of material factors and assumptions, including the result of exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen breakdowns, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking information involves known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of graphite; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company’s publicly filed documents. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

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Projects in the Pipeline: Canada surges as flake tops graphite wish list September 2012

Posted by AGORACOM-JC at 11:05 AM on Sunday, September 2nd, 2012

Canada is leading the world in the hunt for new graphite supply. The boom in the exploration-friendly province of Quebec has spearheaded the drive after investors became hooked on graphite’s anode role in electric vehicle batteries.

Canada is leading the world in the hunt for new graphite supply. The boom in the exploration-friendly province of Quebec has spearheaded the drive after investors became hooked on graphite’s anode role in electric vehicle batteries.

The timing coincided with the graphite supply squeeze of 2011, which effectively doubled prices, forcing high-quality +80 mesh, 94-97% carbon flake over $2,000/tonne. The story and industry dynamics were attractive to newcomers and independent and retail investors resulting in a flood of new companies.

The number of active companies in the sector has surged since mid-2011. The number of projects in mid-July stood at 110. All of these are flake graphite projects, except for one located in central-Ontario and operated by Zenyatta Ventures Ltd, which is the Albany vein graphite deposit, similar to that found in Sri Lanka.

Click here to read article in its entirety.

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Lomiko Commences Drilling at Quatre Milles East Flake Graphite Property In Quebec

Posted by AGORACOM-JC at 12:24 PM on Wednesday, August 29th, 2012

Vancouver BC – LOMIKO METALS INC. (TSX-V:LMR, OTC: LMRMF, FSE: DH8B) (the “Company”) is pleased to announce that drilling has commenced at the Quatre Milles Flake Graphite Property in Quebec. Contractor Forage Val D’Or Inc. has been retained to complete the 1500-1750 metre Phase I drilling program at the Quatre Milles East Property.

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.

Lomiko geological consultants Consul-Teck have a budget of $307, 028 for Phase I and a contingent $724,041 for Phase II for work on the property in the technical report dated March 27, 2012.

Lomiko’s drilling will focus on verifying the areas of historical high-grade graphite intersected previously by Graphicor on the property. The historical results are detailed below. It is Lomiko’s goal is to complete both Phase I & II and establish a flake graphite resource at the Quatre Milles Property by December 2012.

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-$4000 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).

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.

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.

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Northern Graphite a step closer to commercial production

Posted by AGORACOM-JC at 10:46 AM on Wednesday, August 29th, 2012

TORONTO (miningweekly.com) – Canadian graphite project developer Northern Graphite this week filed a bankable feasibility study (BFS) for its Bissett Creek graphite deposit, in eastern Ontario, confirming the project’s financial returns sufficient to justify the investment.

The BFS found that Bissett Creek’s production level, when compared with the total market, should enable its successful introduction in the supply of large and extra-large graphite flake products, without impacting the supply-demand relationship and resulting prices, allowing the company to take full advantage of the expected constrained graphite supply dynamic of the current market.

Graphite demand and prices have increased substantially over the past few years as a result of the ongoing modernisation of China and other emerging economies, which has resulted in strong demand from traditional steel and automotive markets. New applications such as lithium-ion batteries, vanadium-redox batteries, fuel cells and nuclear power have the potential to significantly increase demand for the allotrope of carbon.

Northern Graphite said China currently produced about 70% of the world’s graphite and an export tax and a licensing system had been instituted to restrict exports and encourage value-added processing in China. Recently, more legislation was introduced which would make it increasingly difficult to construct new graphite mines in China.

Existing Chinese production was also expected to decline owing to the effects of many years of high grading, the consolidation or elimination of smaller producers, and improvements in labour and environmental standards.

“The recent proposals on new mines are the third major graphite supply-related announcement out of China this year and follow calls for rare-earth-element-type protection from the largest Chinese graphite producer, and the formation of a State-owned amorphous graphite monopoly.

“As a result of the supply-demand situation for graphite, both the European Union and the US have declared graphite a supply critical mineral,” CEO Gregory Bowes said in a statement.

However an analyst told Mining Weekly Online that large economic deposits are rare and right now, most operating mines in North America are small. “We could see the need for 30 to 40 new graphite mines over the next decade,” the analyst said.

FAVOURABLE ECONOMICS

Mining Weekly Online in May reported that Northern Graphite found itself among a handful of miners developing a high-quality graphite project, scheduled for production within the next year or so. The miner planned to open its Bissett Creek project, one of the first new graphite mines to open outside China since the 1990s, by the end of 2013.

The proposed development of the project entails the construction of an openpit mine and a 2 500 t/d processing plant. It would consist of conventional crushing, grinding and flotation circuits, followed by concentrate drying and screening and is based on proven methods and equipment that are widely used in the mineral industry.

The Ottawa-based company planned to build a natural gas pipeline to the site from the main TransCanada pipeline, about 15 km away, to fuel five 1 MW generators that would produce electrical power. Waste heat from the generators would be used to dry the concentrate, resulting in low overall energy costs of $0.079/kWh.

About 97% of the tailings will be non-acid generating.

Over the first five full years of operation a total of 4.2-million tons of ore would be processed at an average head grade of 2.22% graphite to produce an average of 18 600 t of graphite concentrate at 94.5% graphite a year.

About 80% of production would be +80 mesh large flake and half would be XL (+50 mesh) and XXL (+32 mesh) flake.

Cash operating costs will average C$851/t of concentrate over the first five years. Capital costs are estimated at $102.9-million, including a $9.4-million contingency, but excluding any financial assurance relating to reclamation obligations.

Among Northern Graphite’s peers counted Ontario Graphite who was also developing a graphite mine at its Kearney deposit, located in the same region as Northern Graphite’s Bisset Creek, and the Almenara graphite project, being undertaken by Magnesita, an unlisted company in Brazil.

The company’s TSX-V-listed stock traded 5.36% lower at C$1.06 apiece on Tuesday afternoon.

Edited by: Creamer Media Reporter
Source: http://www.miningweekly.com/article/northern-graphite-a-step-closer-to-commercial-production-2012-08-28

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