NI 43-101 Highlights.......
posted on
Mar 14, 2014 03:48PM
Graphite One Resources is exploring with the intent to develop the Graphite Creek Deposit, USA’s only advanced stage large-scale, large flake graphite deposit.
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Highlights:
2014 GRAPHITE ONE INFERRED RESOURCE Cut-off grade Tonnage Graphite % In situ graphite (% Cg) by LECO (million tonnes) by LECO (tonnes) 2 284.71 4.5 12,756,000 3 186.86 5.5 10,346,000 5 95.93 7.2 6,906,000 7 37.68 9.2 3,467,000 10 8.63 12.8 1,103,000 The tonnage and in situ graphite have been rounded off to the nearest thousand, and therefore may not tally due to rounding. This inferred resource recommends using a 3-per-cent-graphitic-carbon cut-off. The base case cut-off grade of 3 per cent Cg is based on a conservative approach of resource recovery of 80 to 95 per cent graphite concentrate with average selling price of $1,200 per tonne. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve.
"Based on the size of the resource, flake content and potential, we believe this to be the largest reported flake-graphite deposit in North America, and look to continue our aggressive approach in 2014 to advancing the project towards production," stated Anthony Huston, president and chief executive officer of Graphite One.