viewAlba Mineral Resources PLC

Alba finds Amitsoq offers high graphite content and higher-value flakes

A second phase of testing in Greenland has found 36% of the refined product consists of higher-value large, jumbo and super-jumbo flake sizes

Alba Mineral Resources plc -
Graphite is sought for a range of industrial uses

Alba Mineral Resources plc (LON:ALBA) said testing at its Amitsoq project in southern Greenland confirms the potential for an attractive graphite product.

This second phase of testing has found 36% of the refined product consists of higher-value large, jumbo and super-jumbo flake sizes.

READ: Alba Mineral Resources confirms start of Horse Hill horizontal drilling

Executive chairman George Frangeskides said this round of tests confirmed “two very important things” for the future economics of the project.

“Firstly, that a saleable, 97.3% product can be produced. 

“And secondly, that in that refined product is included a significant proportion of the higher-value flake graphite that is sought-after for a range of industrial uses, which still underpin the majority of the demand for natural flake graphite globally.” 

The AIM-listed company said it will now move on to the design of a further phase of refining testwork alongside an assessment of whether Amitsoq can turn out the sort of high-purity product that wanted by the battery metals sector.

“This completed work on one of our key assets provides us with great confidence as we move into 2020,” Frangeskides added.

Alba shares were up 4% to 0.19p on Thursday afternoon.

Quick facts: Alba Mineral Resources PLC

Price: 0.1475 GBX

Market: AIM
Market Cap: £5.52 m

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