I recently updated the TMR Advanced Graphite Projects Index, to reflect one updated and three new mineral-resource estimates which were announced in the past few months, plus other changes. Yes, it’s been a while since the last update – we’ll make sure to keep things updated more regularly from now on. The effective date of the updates is August 16, 2013. The specifics:
- On April 10, 2013, Lamboo Resources Ltd. (ASX:LMB) announced a maiden JORC-compliant resource estimate for its McIntosh graphite project in Australia. According to the associated news release, 3.6 Mt of the resource is at the Indicated level @ 4.89% Cg, and 1.7 Mt is at the Inferred level @ 4.95% Cg (each at a 2.0% Cg cut-off grade).
- On May 7, 2013, Northern Graphite Corp. (TSX.V:NGC, OTXQX:NGPHF) announced an updated NI 43-101-compliant resource estimate for its Bissett Creek graphite project in Canada. According to the associated news release, 69.8 Mt of the resource is at the Measured + Indicated level @ 1.74% Cg, and 24 Mt is at the Inferred level @ 1.65% Cg (each at a 1.02% Cg cut-off grade).
- On May 27, 2013, Syrah Resources Ltd. (ASX:SYR) announced a maiden JORC-compliant resource estimate for its Balama East project in Mozambique. According to the associated press release, the project has a high-grade zone: for this Mepiche Zone, 157 Mt of the resource is at the Inferred level @ 15.1% Cg (at a cut-off grade of 12% Cg). The same press release included data for the Balama East deposit as a whole, which once the high-grade Mepiche Zone is accounted for, leaves an additional 422.2 Mt of the resource at the Inferred level @ 8.9% Cg (at a cut-off grade of 5%).
- At some point since the last update, ownership of the Uley Main Road project in Australia was transferred from MEGA Graphite Inc. & Strategic Energy Resources Limited (ASX.SER), to Strategic Graphite Limited (formerly Tarcoola Gold Limited), in which Strategic Energy Resources has a 20% ownership stake.
You can access the updated details via the Index page.
The Index currently consists of 22 graphite mineral resources, associated with 19 advanced graphite projects, 15 different companies and located in 11 different regions within 7 different countries. Including the projects on the Index, TMR is currently monitoring a total of 258 graphite projects under development associated with 125 different companies in 25 different 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.