Flinders Resources (CVE:FDR) has almost tripled flake graphite mineral resources at the Company's 100% owned Woxna graphite project in Sweden according to a NI 43-101 technical report filed on SEDAR today.
The expanded mineral resource, all of which located within fully granted Mining Leases, within the vicinity of the operational Woxna graphite mine, includes for the first time two 100%-owned flake graphite deposits at Gropabo and Mattsmyra, adding to the previously announced resource at the Kringelgruvan mining lease.
Woxna's measured and indicated graphite resources are now 7.7 million tonnes at 9.3% Cg increasing from 2.8 million tonnes at 10.7% Cg thanks to the additions.
"All resources are contained within granted mining leases. Expanding the resource base so close to our fully operational processing plant at Woxna, will provide more flexibility and confidence when planning for future expansions from the current 13,000t/yr graphite production capacity. This is a significant milestone for our business in Sweden," said Flinders’ President and CEO, Blair Way in a news release dated April 29, 2015, highlighting the resource update and in support of which the technical report was filed.
The Woxna project covers four separate mining concessions.
Flinders operates one of the few flake graphite mines in Europe. The company resumed production at its Woxna mine in 2014 in order to address graphite demand from Germany.