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Monday 21 January 2019
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Next Graphite announces Assay results

graphite

Next Graphite, Inc., a graphite exploration/development stage company operating in Namibia, announced ‘favorable’ results of assays overseen by its joint venture partner on about 160 kilograms of samples sent to TEA-Lab (previously Lilof Enterprises) in Swakopmund. The average grade of 59.40% Cg (Carbon as graphite) for initial samples resulted from screening material taken from the Aukam dumps. Average grades of flake graphite deposits typically range from 1.5% to 25% Cg. The company says in its report, that total assay results of seven samples weighing between 20 and 30 kg were in a range of 55.64% to 63.87% Cg (carbon as graphite), averaging 59.40% Cg (results below). “While these samples were selected from a larger 1.6 tonne sample, they are not considered representative of the mineralization on the Aukam dumps property as a whole,” it said.

“The grade of these samples exceeds expectations based on previous assays of screened bulk samples from the Aukam dumps which averaged 42% Cg,” said Cliff Bream, CEO of Next Graphite. “We expect the balance of our 1.6 tonne sample will respond well to processing and look forward to the results of those tests. These initial tests were made in preparing for initial Purchase Order shipments scheduled to begin in July or August of 2016.” Assays were performed at TEA-Lab of Swakopmund. Samples were crushed by hammer and jaw crusher to < 5 mm and split before milling sub-samples to < 200 microns followed by thermo-gravimetric The property hosts three underground adits that were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 samples from the lower three dumps were assayed and averaged 42% Cg. Next Graphite’s joint venture is planning a bulk-sampling program at Aukam, and has a letter of intent to sell the graphitic material produced during the program. Next also intends to put the historical mine back into production and is working on an application for a mining license. The Company maintains high safety and environmental standards and has a comprehensive strategy of social engagement.




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