|5/17/2016 by mdc|
|Charlotte McLeod reports that Australia has started producing graphite again after a hiatus of over two decades, although a slew of ASX-listed graphite companies are successfully pursuing graphite not in Australia, but in other countries. These are ... Syrah Resources, Triton Minerals, and Talga Resources, to name a few.|
Geoscience Australia states that Australia economic demonstrated resources stood at 969.59 kilotonnes of graphite in 2013, up significantly from 589 kilotonnes in 2012. That breaks down into 792.81 kilotonnes in South Australia and 176.77 kilotonnes in Western Australia.
With that in mind, the McLeod has put together an overview of companies currently exploring for and producing graphite in Australia.
Archer Exploration focus is the Eyre Peninsula graphite projects, comprised of the Campoona and Carappee Hill projects. The former has ameasured, indicated and inferred JORC resource of 5.27 million tonnes at 7.6% total graphitic carbon (TGC) (based on a cut off of 2%), while the latter, which contains the Sugarloaf deposit, has an exploration target of 37 to 70 million tonnes grading 10 to 12% carbon. The most recent news on Campoona can be found here, and the latest on Sugarloaf can be found here in South Australian Gawler Craton and Adelaide Fold Belt.
Buxton Resources has five projects in Western Australia, and holds the Yalbra graphite project, which has an inferred JORC resource of 4 million tonnes at 16.2% TGC Buxton believes that gives it the highest reported grade of graphite in Australia. In the interim financial statement to December 21, 2015, Buxton last released news about Yalbra where flotation batch rest results from a representative fresh rock diamond drill sample grading 20% C(t) returned a concentrate grade of 91% C(t). The concentrate showed a good proportion of medium to coarse flake material with 30% falling into categories falling above plus 149 microns in size.
Read on for 4 additional companies ...