January 2015 Updates To The TMR Advanced Graphite Projects Index

I recently updated the TMR Advanced Graphite Projects Index, to reflect three new and two updated mineral-resource estimates, announced since the last update. The effective date of the updates is January 15, 2015. The specifics:

• On October 17, 2014, Sovereign Metals Limited (ASX:SVM) announced a maiden JORC-guided resource estimate for its Duwi graphite project in Malawi. According to the associated news release, 35.2 Mt is at the Indicated level @ 7.2% Cg and 50.7 Mt is at the Inferred level @ 7.1% Cg, each at a cut-off grade of 5% Cg;
• On October 21, 2014, Triton Minerals Ltd. (ASX:TON) announced a maiden JORC-guided resource estimate for its Balama North Nicanda Hill graphite project in Mozambique. According to the associated news release, 328 Mt is at the Indicated level @ 11.0% Cg and 1,129.0 Mt is at the Inferred level @ 10.6% Cg, each at a cut-off grade of 0% Cg (i.e. no cut off);
• On November 17, 2014, Valence Industries Limited (ASX:VXL) announced an updated JORC-guided resource estimate for its Uley graphite project in Australia. According to the associated news release, 0.3 Mt is at the Measured level @ 17.92% Cg, 1.9 Mt is at the Indicated level @ 11.84% Cg, and 0.9 Mt is at the Inferred level @ 8.89% Cg, each at a cut-off grade of 3.5% Cg. In addition, the company reported a mineral resource of 0.2 Mt at the Indicated level for a stockpile of material at the Uley project, @ 6.23% Cg, with the same cut-off grade;
• On November 26, 2014, Magnis Resources Limited (ASX:MNS) announced a maiden JORC-guided resource estimate for its Nachu graphite project in Tanzania. According to the associated news release, 3.9 Mt is at the Measured level @ 5.58% Cg, 100.0 Mt is at the Indicated level @ 5.12% Cg, and 53.0 Mt is at the Inferred level @ 5.70% Cg, each at a cut-off grade of 3% Cg; and
• On December 15, 2014, Mason Graphite Inc. (TSX.V:LLG) announced an updated NI 43-101-guided resource estimate for its Lac Gueret graphite project in Canada. According to the associated news release, 19.1 Mt is at the Measured level @ 17.88% Cg, 46.6 Mt is at the Indicated level @ 16.90% Cg, and 17.7 Mt is at the Inferred level @ 17.24% Cg, each at a cut-off grade of 5% Cg.

You can access the updated details via the Index page.

The Index currently consists of 33 graphite mineral resources, associated with 30 advanced graphite projects, 24 companies and located within 10 countries. Including the projects on the Index, TMR is currently monitoring a total of 321 graphite projects under development associated with 151 companies in 30 countries.

Disclosure: at the time of writing, Gareth Hatch holds no shares or stock options in any of the companies mentioned in this article, or in any publicly traded graphite company, nor is he doing paid consulting for any such company.