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- Metals Australia (MLS) reports “outstanding” results from electrochemical test work on the graphite concentrate at its Lac Rainy project in Quebec, Canada
- Testing showed that un-coated spherical graphite (SpG) has very high energy storage capacity, excellent discharging performance and very high stability and durability
- Results exceeded the charging and durability benchmarks required by global lithium-ion battery and electric vehicle (EV) manufacturers
- Metals Australia Chair Mike Scivolo says the results represent a “stepping stone” for the company to progress toward a feasibility study on its existing mineral resource
- MLS shares are down 13 per cent and trading at 4 cents at 11:48 am AEST
Metals Australia (MLS) has reported “outstanding” results from electrochemical test work on the graphite concentrate at its Lac Rainy project in Quebec, Canada.
The results build on spherical graphite (SpG) test work already completed that showed very high yields of high-quality spherical graphite that can be purified to battery grade.
The test work was carried out with ProGraphite on Lac Rainy flake graphite concentrate grading 99.96 per cent carbon purity.
Also, test work confirmed that un-coated SpG has very high energy storage capacity, excellent discharging performance and very high stability and durability.
Results exceeded the charging and durability benchmarks required by global lithium-ion battery and electric vehicle (EV) manufacturers.
Metals Australia Chair Mike Scivolo said the results represented a “stepping stone” for the company to progress toward a feasibility study on its existing mineral resource.
“The battery test work results delivered from the Lac Rainy graphite concentrate are outstanding, not only have we demonstrated high yields of premium battery grade spherical graphite from our project, but we have now confirmed this high-quality battery anode material has excellent battery charging and durability properties,” he said.
“The results confirm that Lac Rainy is in the top tier of high-quality graphite projects, and we will now rapidly advance the project towards development.
“At the same time, we hope to significantly expand Lac Rainy’s mineral resource potential while advancing discussions with potential offtake and downstream development partners.”
MLS hopes to launch a pre-feasibility study at Lac Rainy to advance the production of premium-battery quality spherical graphite to feed high-demand North-American lithium-ion battery markets.
With less than 10 per cent of the graphite trends drill tested to date at Lac Rainy, the company also aims to commence a large trenching and drilling program to expand and define its graphite resource.
MLS shares were down 13 per cent and trading at 4.6 cents at 11:48 am AEST.
