Stratmin Global Resources PLC Commencement of Commercial Production (7267E)

TIDMSTGR

RNS Number : 7267E

Stratmin Global Resources PLC

14 April 2014

StratMin Global Resources Plc

("StratMin" or the "Company")

Commencement of Commercial Production

StratMin (AIM: STGR), the graphite exploration and production company with assets in Madagascar, announces that its Lohorano plant in Madagascar is now operating consistently on a one shift per day basis.

Based on recent production performance, the Company expects to produce 100 tonnes of high grade flake graphite with a carbon content expected to be in excess of 90 per cent in April. The flake sizes will ultimately be separated into 3 saleable categories: +80, +60 and +40 mesh. Production volumes will increase in subsequent months and will be the subject of production updates.

Further test work at the mine site in the last week has achieved a carbon content of 95 per cent. This was achieved on -80mesh, or "Fines" by using a secondary a grinding stage at the mill.

The Company is also pleased to announce it is in negotiations with a number of potential customers for its graphite concentrate and expects to complete marketing agreements over future product sales in the coming months. The Company looks forward to updating the market on this and on more detailed production numbers in due course.

Manoli Yannaghas, StratMin's Managing Director, commented:

"The start of commercial production so soon after the installation and calibration of the scrubber last month is a great reflection on the quality of our team on the ground in Madagascar. I would like to thank them for their efforts and congratulate them on the achievement.

"On the basis of last month's trial production, I am confident we will be able to steadily increase our production from a base of 100 tonnes per month in April over the second quarter of 2014 to reach cash flow break even within the third quarter of 2014."

For further information please visit www.stratminglobal.com or contact:

 
                                                     +44 (0) 20 3691 
 StratMin Global Resources Plc                        6160 
 Manoli Yannaghas (Managing Director) 
 
 Strand Hanson (Nomad & Financial Adviser)           +44 (0) 20 7409 
  James Spinney / Ritchie Balmer                      3494 
 
                                                     +44 (0) 20 3693 
 Hume Capital Securities Plc (Sole Broker)            1470 
 Jon Belliss / Abigail Wayne 
 
 Blytheweigh (Financial PR)                          +44 (0) 20 7138 
  Tim Blythe / Halimah Hussain / Camilla Horsfall     3204

-ends

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