I was doing research into another Graphite mining company and came across this which might be of interest to some of you.
Can Graphite Miners Make a Comeback?
Nothing necessarily anything we don't already know, more a reminder.
Archer Exploration (AXE) is still pursuing a multi-metal strategy, but investors looking to cash in on the Li-Ion battery boom should know the latest red-hot metal – cobalt – is one of those metals.
Archer has assets in the Eyre Peninsula ranging from graphite to copper to magnesia to barite to gold and cobalt. Preliminary drilling found cobalt in deposits at two locations and scoping studies at the flagship Campoona Graphite Project in the Eyre indicated the project has the potential of “generating a pre-tax NPV (net present value) of $126m over an initial 17-year mine life”.
The company’s second graphite site at Sugar Loaf will add a facility to process graphite into graphene. In October of 2017 Archer acquired a de facto sales division by acquiring Carbon Allotropes, a company providing its registered customers with high-quality graphite and graphene via an online trading platform. Archer got its mining license approved at the end of 2017. The approval includes Archer’s request to produce up to 140,000 tonnes of graphite and 100 tonnes of graphene per year at Campoona and Sugar Loaf. Archer already has a graphene development and production agreement with the Graphene Hub, a federally funded research operation led by the University of Adelaide.
The company has spread its resources across multiple metal projects, with no project completion dates for the ambitious graphite/graphene projects, but when you add the cobalt assets to the mix, risk tolerant investors would gain broad exposure to the present and future of Li-Ion batteries.
Also this link may help.
Graphite: Where size matters
I was doing research into another Graphite mining company and...
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