Graphite One Resources Inc.

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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Message: NI 43-101 Highlights.......

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Highlights:

  • Largest-known high-grade, large-flake graphite deposit in the United States and North America;
  • This new and expanded inferred resource comprises 2012 and 2013 drilling by Graphite One, and represents a 68-per-cent increase of the estimated in situ graphite from the previous 2012 maiden resource;
  • High-grade graphite mineralization is at surface and extends from surface to depths of over 200 metres;
  • The 2013 drilling program further confirmed excellent continuity of near-surface, high-grade graphite within a simple and accessible geological setting and doubled the strike length of current mineralization at the Graphite Creek deposit to 4.8 kilometres;
  • The resource area (4.8 kilometres) only represents drilling along 27 per cent of an 18-kilometre-long electromagnetic conductor;
  • The deposit remains open along strike to both the east and west, and down dip. Every hole continues to be mineralized from top to bottom.
           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.

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