Stratmin Global Resources PLC Production and Sales Update (3545E)
February 09 2015 - 5:00AM
UK Regulatory
TIDMSTGR
RNS Number : 3545E
Stratmin Global Resources PLC
09 February 2015
09 February 2015
StratMin Global Resources Plc
("StratMin" or the "Company")
Production and Sales Update
StratMin (AIM: STGR), the graphite production and exploration
company with assets in Madagascar, is pleased to provide an update
on production and sales for the month of January 2015, and for the
early part of February.
Production
Production volumes were up on the previous month. Production
numbers for the month of January 2015(1) were as follows:
Production Stage(2) Product January 2015
(volume in tons)
Beneficiation Plant Wet Graphite 302(3)
-------------------- ------------------
Post de water, Pre
Drier 160
------------------------------------------ ------------------
Drier Dry Mixed 114
-------------------- ------------------
Screening -80mesh 0
-------------------- ------------------
+80 - 50mesh 0
------------------------------------------ ------------------
+50mesh 0
------------------------------------------ ------------------
(2) Refer to Notes to Editors at end of this announcement for
further details
(3) The methodology used to calculate Wet Graphite tons has been
improved for this reporting period (and all subsequent periods) as
compared to how it was previously calculated
Sales
44 tons of graphite were sold during January 2015. Sales as at
the date of this announcement for the early part of February were
150 tons.
Manoli Yannaghas, StratMin's Managing Director, commented:
"Volume increases have continued thereby proving a steadily
improving production story at the plant. Grades remaining similar
to December were to be expected as the new milling and screening
capacity were not operational during the period, and instead will
be operational during February whereupon we would expect to see
further improvement in grades."
"January was a solid month that demonstrated that we are
trending upwards, we are looking forward to further improvements
across the business in the immediate future".
Competent Person's Statement
The information in this announcement that relates to the
production and sales figures has been reviewed by Mr. Neville
Cowin, C.Eng, BSc (Eng), ARSM, MIMMM registration number 325393.
Mr. Cowin is an independent consultant with over 30 years of
production experience, and works with the company to advise on
improving performance at the plant. Mr. Cowin is a "Qualified
Person" as defined in the AIM Note for Mining Oil & Gas
Companies - June 2009, of the London Stock Exchange. Mr. Cowin
consents to the inclusion of the information in this release in the
form and context in which it appears.
Enquiries
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
Notes to Editors
Stratmin Global Resources is the only graphite producer and
supplier listed on AIM.
The Company announced production early 2014 at their 100% owned
Lohorano plant in Madagascar. The mine itself sits 2 km from the
main road and 2 hours from Tamatave, the largest port which handles
90% of Madagascar's import and exports.
Production Plant: Table Explanation
The production plant is split into three stages.
1. Beneficiation Plant: Graphite is separated from the ore in
the beneficiation plant. Beneficiated product typically contains 60
per cent. moisture.
2. Drying Plant: Water from the beneficiated product is removed
from the graphite concentrate in the drying plant. This is split
into two stages:
a. Dewatering: A centrifuge reduces moisture content to between 20 - 25 per cent.
b. Drying: A rotary drier reduces moisture content to under 1 per cent.
3. Screening: the process where the dry concentrate is split
into different size portions and flake sizing.
We have chosen to report in this format as it better delineates
the performance of the different stages of the plant. The numbers
attributed to each stage represent the stand alone performance of
that stage of the plant on a monthly basis.
-ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDXGDDBGGBGUI
Stratmin Global (LSE:STGR)
Historical Stock Chart
From Jul 2024 to Aug 2024
Stratmin Global (LSE:STGR)
Historical Stock Chart
From Aug 2023 to Aug 2024