Highlights:
Further refinement to the Stage 2 Pilot Plant design has continued over the past two weeks with very positive outcomes achieved
Additional Testwork undertaken has focused on achieving even higher increases to concentrate grades with spectacular outcomes – results have demonstrated that over 31% of BEM's product can be produced at an Fixed Carbon ("FC") level above 96.5%
Furthermore, test results achieved have indicated that the designed flowsheet can achieve an average FC level of 96.5% for all large and jumbo flake product testing, grades which are currently attracting significant price premiums in the graphite market
These results further validate Maniry's graphite product potential as highly attractive for downstream processing and feed for the rapidly expanding electric vehicle ("EV") markets Further analysis of concentrate tests resulted in an average fixed carbon level of 96.77% for greater than 80% of the jumbo and large flake product tested - making this product some of the highest value graphite concentrate produced in the world
Further testing will continue for remainder of April and May 2021 with a final report to be published thereafter
