Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Magnis Resources Ltd produces high quality graphite from Tanzania

Proactive Investors Monday, 12 September 2016
Magnis Resources Ltd (ASX:MNS) has demonstrated the use of flake concentrate from the Nachu Graphite Project in Tanzania for the production of spherical graphite for lithium ion batteries.

The company used milling equipment in Europe to process flake concentrate produced from composite diamond drill core to ensure a representative sample of the ore body.

Importantly, no chemical or thermal purification was used in the production of the spherical graphite.

Yields of 75% were consistently produced which is significantly higher than existing spherical graphite production.

By alleviating the need for intensive chemical purification for graphite processing, Magnis has presented the viability of an alternative supply chain with a reduced carbon footprint.

The company has finalised all regulatory and environmental permits for the Nachu project, completed a bankable feasibility study and has a clearly defined concentrate export plan.

Magnis expects initial site works to commence in Q4 CY2016 prior to the Tanzanian wet season starting in January 2017.

The company has also entered into a collaboration with Charge CCCV for battery anode development.

The agreement covers both the development of spherical graphite anode material and the progression of silicon/graphite anode material to deliver a significant step change in battery mileage.

Charge CCCV is located in a facility at Binghamton University, U.S., that houses professor M Stanley Whittingham, a key figure in the history of the development of lithium batteries.

Magnis had a cash balance of $7.2 million as at 30 June 2016.


*Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.*
0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related news from verified sources

Walkabout Resources signs second offtake for Lindi Jumbo graphite

Walkabout Resources Ltd (ASX:WKT) has signed a second binding offtake agreement to supply premium graphite from its Lindi Jumbo Graphite Project in southeast...
Proactive Investors


Other recent news in Business

AUSTRALIA Street: How important is climate change policy to you?As rich lavish cash on NOTRE DAME, many ask: What about the needy?
PM open to NUCLEAR if it can 'pay its way'Suicide prevention focus of Labor's $115 million for Indigenous HEALTH
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.