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- Evion Group (EVG) reports metallurgical test work on its graphite proves it “highly suitable” for producing battery anode material (BAM)
- The testing delivered a fixed carbon (FC) content of more than 99.95 per cent, meeting the required grade for battery-grade product purity of greater than 99.95 per cent
- Dorfner Anzaplan carried out the testing using a 15kg flake of graphite concentrate material from EVG’s Maniry project in Madagascar
- EVG is partnering with leading BAM developer, US-based Urbix, to discuss the potential for a BAM plant to service the European electric vehicles and alternative energy sectors
- EVG shares are down 2.17 per cent and trading at 4.5 cents at 12:43 pm AEST
Evion Group (EVG) has reported another “major” milestone in its bid to supply graphite to the lithium battery industry.
Metallurgical test work carried out on graphite concentrate material from its Maniry project in Madagascar proved it “highly suitable” for producing battery anode material (BAM).
The company’s graphite reached a fixed carbon content of more than 99.5 per cent, meeting the required grade for battery-grade product purity of greater than 99.95 per cent
Testing was conducted by Dorfner Anzaplan using a 15kg flake of graphite concentrate material from Maniry.
Also, Evion reported the BAM results showed the potential to reduce operating costs by up to 30 per cent through reduced power consumption using the caustic pressure leach purification process.
EVG recently entered into a collaborative agreement with leading BAM developer, US-based Urbix, to discuss the potential for a BAM plant to service the European electric vehicles and alternative energy sectors.
“These results mark another important milestone in our strategy to be a vertically integrated supplier of graphite to the lithium battery industry,” EVG Managing Director Tom Revy said.
“They show we are well on track to realise our goal of establishing a world-class mine at Maniry which will feed a BAM plant in Europe, which will in turn supply product to the battery industry,” Mr Revy said.
EVG shares were down 2.17 per cent and trading at 4.5 cents at 12:43 pm AEST.
