Looks to be a solid announcement, however I take exception to the statement "the best undeveloped graphite project globally"!
This is not an objective statement and believe it to be in breach of disclosure rules as it is not specific and not backed up by subjective/scientific data - i.e. there are many factors relevant to a graphite deposit which contribute towards its attractiveness: concentrate grade is only one.
IMO, the 'expandable graphite' market displays the best supply/demand fundamentals over the coming years for its use in fire retardation, the Chinese alone require 2 million tones per annum and they are currently the only country producing expandable and their supply is diminishing due to mine closures. https://www.miningreview.com/demand-expandable-graphite-driven-building-materials/
Expandable graphite is usually only produced from large or jumbo flake sizes, and the 1) flake size distribution (greater % of large and jumbo flake sizes) and 2) 'expandability' of the flakes (once heated) are more critical than simply the
3) processed grade.
There are other undeveloped graphite deposits which have better flake size distribution and likely better expandability. So to make a blanket statement such as the best undeveloped graphite project, is inflammatory and subjective, and should be required to be removed from the announcement.
Cheers
Maverick
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