ASX Announcement

29 May 2017

Operational Update -Graphene Production and Mining Activities Highlights

  • Research work commences on university project

  • Graphite ore is regularly being brought to surface

  • Shaft H drive has advanced 11m toward a drill target at 14m.

  • Shaft J has commenced its drive toward a drill target that is 32m from the shaft.

First Graphite (ASX: FGR) is pleased to provide an update on its graphene production and mining activities.

University Projects

Following the completion of all documentation work has commenced on the BEST Battery project at the Swinburne University of Technology whereby FGR has the ability to earn a 70% interest in a global licence for this revolutionary energy storage technology.

Graphene Production

During the month of May, the Company also announced that continuing optimisation of its graphene production cell has resulted in better than a 150% increase in capacity. The latest optimisation work has more than doubled the capacity of the cell so it can now produce up to 13 tonnes per annum with full utilisation, with the ability to produce at even higher rates demonstrated in some test runs, with as high as 300% improvement. Each cell now has the potential to generate sales in the order of $2m per annum as a result of these productivity improvements. The number of operating cells will increase in line with the growth in demand for graphene.

The Company has submitted the necessary documentation to the Western Australian Department of Environmental Regulation (DER) for permitting of its new Henderson facility. It is anticipated DER approval will be received by the end of July, enabling the Company to move from its current shared location to premises in the Australian Marine Complex in Henderson, south of Fremantle in Western Australia.

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ASX Announcement

29 May 2017

Operational Update -Graphene Production and Mining Activities

FGR's New Premises in the Australian Marine Complex, Henderson

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ASX Announcement

29 May 2017

Operational Update -Graphene Production and Mining Activities Aluketiya - Shaft H

Further to the Company's release on 17 May 2017 it has continued to mine graphite ore, which is being brought to surface. The drive is now in 11m toward a previously identified drill target approximately 14m along the current drive. It appears the vein encountered at the previously identified drill target extends toward the current drive activities. The drive continues to progress toward the target intersected in drive H036196.

17-052017: Operations Update

Another kibble of graphite brought to surface

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ASX Announcement

29 May 2017

Operational Update -Graphene Production and Mining Activities

Clean ore is bagged at the H036196 drive face to prevent impurities and dilution and then added to the kibble

Note extensive rock bolting and meshing in Shaft H, drive H036196

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First Graphite Ltd. published this content on 29 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 June 2017 03:46:08 UTC.

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