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Positive interim results for First Graphene and newGen’s new product

Mining
ASX:FGR      MCAP $36.91M
06 December 2019 00:15 (AEST)

First Graphene (FGR) and newGen have received positive interim results for its new bucket liner from an iron ore producer.

The Armour-GRAPH bucket liners are manufactured by newGen and integrate First Graphene’s PureGRAPH product.

PureGRAPH is a graphene powder additive which enhances tensile and tear strength. In addition, it improves abrasion resistance.

For this reason, PureGRAPH is being trialed for its potential to extend the service life of several products used in the mining and quarry industries.

The Armour-GRAPH bucket liners showed less wear than normal bucket liners after an initial 12 weeks of use. The trial will continue for another twelve weeks.

“The trial being conducted by this major iron ore producer is typical of the large, real-life testing being undertaken by First Graphene’s customers,” said First Graphene Managing Director Craig McGuckin.

First Graphene and newGen are also using PureGRAPH in wear linings used in bucket wheels, pipe spools and conveyor applications in the mining industry.

Trials are planned to test additional products with a second iron ore producer.

First Graphene recently incorporated in the U.K and is a Tier 1 partner of the Graphene Engineering and Innovation Centre.

Company shares are trading 3.45 per cent lower on the ASX, worth 14 cents apiece at markets close.

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