This is a significant announcement, just what the doctor ordered.
Places the company in a very strong position to further the most important step, funding.
85% of previously proposed stage three production has now been absorbed by the three offtake agreements, and the demand is such that BKT are now proposing a fourth self funded module to take annual production up to 300k tonnes per annum. There is the capacity to do this due to the size of the resource and still have a very long life of mine providing stability of supply for decades to come.
2nd largest reserve of contained graphite of any listed company.
The superior purity and quality of concerntrate that has been accessed by potential clients for bulk testing has obviously been the reason BKT are stepping out ahead of others in terms of offtake and client interest, it would seem.
A mining licence will be granted in due course and imo is a given.
Funding is now the question and directors seem extremely confident. If/when achieved this will move quickly.
Devries says he is confident of funding in time to not effect the proposed timeline of development.
Don.
