Stratmin Global Resources PLC Update on Investment in Graphmada Graphite Project (0298N)

TIDMSTGR

RNS Number : 0298N

Stratmin Global Resources PLC

25 September 2012

StratMin Global Resources plc

(AIM: STGR)

UPDATE ON INVESTMENT IN GRAPHMADA GRAPHITE PROJECT

StratMin Global Resources Plc ("StratMin" or the "Company") is pleased to provide an update to shareholders on the Company's investment in Graphmada Equity Pte Ltd ("Graphmada").

Summary

   --      Construction and commissioning of 12,000 tonne per annum capacity plant now complete 
   --      Graphmada entering into phased production schedule 
   --      Production expected to ramp up over next two quarters

Graphmada has informed the Company that the construction and commissioning of its graphite processing plant in Madagascar has now been substantially completed. Graphmada is now expected to enter into a phased production schedule over the next two quarters that will see a controlled production ramp up. The Graphmada processing plant utilises conventional crushing and screening processes, and then a flotation circuit to beneficiate the raw graphite ore into high grade graphite concentrate.

In January 2012, the Company announced an investment in Graphmada, an advanced stage graphite mining and production company with operations in Madagascar. StratMin acquired an initial 15% interest and has been working closely with Graphmada to help them achieve the goal of becoming a low-cost producer of premium quality flake graphite for the global market.

Gobind Sahney, Chairman of StratMin, said: "We are pleased that this phase of Graphmada's development has been achieved and look forward to the progression from an exploration company to a full scale production company that leads to sales, revenues and profitability."

StratMin is an investing company focussed on seeking out investment opportunities in the natural resource and extractive industries sector. The Group's objective is to take meaningful ownership positions of operating companies and assets that have potential for significant growth, whose value can be enhanced with our capital and expertise.

Enquiries:

 
 StratMin Global Resources Plc 
 Gobind Sahney                          +44 (0) 207 467 1700 
 
 Libertas Capital Corporate Finance 
  Limited 
 Sandy Jamieson                         +44 (0) 207 569 9650 
 
 Peterhouse Corporate Finance 
 Jon Levinson                          + 44 (0) 20 7562 3357

This information is provided by RNS

The company news service from the London Stock Exchange

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