Stratmin Global Resources PLC Production Update (2531G)
May 06 2014 - 2:03AM
UK Regulatory
TIDMSTGR
RNS Number : 2531G
Stratmin Global Resources PLC
06 May 2014
06 May 2014
StratMin Global Resources Plc
("StratMin" or the "Company")
April Production Report
StratMin (AIM: STGR), the graphite exploration and production
company with assets in Madagascar, announces that its Lohorano
plant has produced 107 tonnes of large flake graphite in April,
exceeding management's expectations.
Commercial production at the Lohorano plant commenced on 9 April
2014 and was in excess of managements forecast of 100 tons for the
short month. Head grade carbon content also exceeded expectations
at up to 9per cent. carbon. The graphite produced was made up of
the following:
Mesh Size Tons Carbon Content
---------- ----- ---------------
+40 59.0 90.31%
---------- ----- ---------------
+60 35.5 89.40%
---------- ----- ---------------
+80 12.5 88.00%
---------- ----- ---------------
The Company continues to invest in production quality through
development of the plant and has appointed MarsdenGray Limited as
consultants for all aspects of technical development.
Rob Marsden has 18 years of operational experience at Rio Tinto,
where he worked in multiple operational roles. Rob also spent
several years in the Business Evaluation Department at Rio Tinto's
headquarters in London where he gained valuable experience in
commercial planning.
Future production updates will be issued on a quarterly basis
going forward, with the first expected at the end of June 2014.
Manoli Yannaghas, StratMin's Managing Director, commented:
"I am pleased to report the Company has exceeded production
expectations for April, which is a fantastic achievement from the
operational team in Madagascar. It is clear that the plant is
capable of producing commercial grade and large flake graphite.
"The appointment of MarsdenGray provides Stratmin with
invaluable expertise, through Rob Marsden, in progressing with the
development and optimisation of the Lohorano plant. Following Rob's
recent visit to the mine, I am confident that we will see
continuous product quality improvement.
"I look forward to updating the market on production levels at
the end of June."
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
Alan Baxter, ACSM, FIMMM, C Eng, a qualified person as defined
under the AIM Rules, has reviewed and verified all scientific or
technical mining disclosure contained in this press release.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
END
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