Lamboo Resources closer to market-grade graphite
THE DRILL SERGEANT: Lamboo Resources (ASX: LMB) has advanced its McIntosh flake graphite project in Western Australia close to meeting market requirements for battery-grade crystalline-grade flake graphite.
The company has had Nagrom Laboratories at Kelmscott in WA conduct metallurgical beneficiation of flake graphite from the McIntosh project.
The beneficiation work has achieved high-concentrate grades of 96.1 per cent total carbon (TC) as well as high purity for Target 1 flake graphite.
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Location of flake graphite Target areas in the McIntosh project. Source: Company announcement
The company indicated its next step is to produce bulk flake graphite concentrates for commercial testing.
“The McIntosh project is living up to its potential to become a major flake graphite producer in Australia,” Lamboo Resources technical director Dr Craig Rugless said in the company’s announcement to the Australian Securities Exchange.
“It is gratifying that testwork has produced excellent results after a single re-grind and using standard metallurgical techniques to preserve the flake graphite required by potential high-tech customers.”
Lamboo explained the goal of the metallurgical testing to, not only to produce high-concentrate flake graphite, but also a product it hopes will potentially satisfy the large and increasing demands of the lithium battery industry as well as high technology uses.
The company said research conducted by Nanotechnology has identified fine flake graphite could provide a breakthrough for fast charge batteries.
High-purity flake graphite required for this process can command premium prices as it demands specifications that have been difficult to achieve to date with natural flake graphite.
Email:
Ken Banks–Investor Relations
kbanks@bigpond.net.au
Website:
www.lambooresources.com.au