Stratmin Global Resources PLC Production and Sales Update (9643J)

TIDMSTGR

RNS Number : 9643J

Stratmin Global Resources PLC

13 April 2015

13(th) April 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, today provides an update on the production and sales of graphite for the month of March 2015.

Production

Production volumes were significantly up on the February numbers. Production numbers for the month of March 2015 were as follows:

 
 Production          Product       March 2015     February 
  Stage                                              2015 
                                    (volume in    (volume in 
                                       tons)         tons) 
---------------  ---------------  ------------  ------------ 
 Beneficiation 
  Plant            Wet Graphite        528           360 
---------------  ---------------  ------------  ------------ 
                  Post de water, 
                     Pre Drier         281           194 
---------------  ---------------  ------------  ------------ 
 Drier              Dry Mixed          91            130 
---------------  ---------------  ------------  ------------ 
 Screening           -80mesh           55            35 
---------------  ---------------  ------------  ------------ 
                       +80             51            48 
---------------  ---------------  ------------  ------------ 
                     +50mesh           24             0 
---------------  ---------------  ------------  ------------

Production volumes have improved due to increased efficiency at the plant. Recovery levels increased significantly as a result of improved feed rates and flow management through the flotation cells. Grade has remained the same over the last quarter. Grades of the larger flake sizes remain higher than the smaller flake sizes at 90 - 92% vs. 88-90%.

The new mill has been installed and limited test runs have been performed. Development of the mill is ongoing with the plant flow sheet near to reaching increased grades particularly in the smaller flakes.

The new screen has been installed and drying and screening are now a continuous cycle. Commissioning issues resulted in drying capacity being temporarily restricted but the dryer is now functioning to design capacity. The Company expects to process the remaining wet graphite within April without delaying production.

Sales

215 tons of graphite were sold in March 2015 compared to 150 tons in February 2015. Prices remain confidential under the terms of the Offtake Agreement however, but the Company can confirm that as the graphite quality improves the price received by the Company increases.

The Company will now move to updating the market on its production and sales on a quarterly basis.

Manoli Yannaghas, StratMin's Managing Director, commented:

"I am delighted to report a significant increase in both graphite production and sales during the month thereby making March StratMin's most successful month to date. These increases coupled with the new mill soon to become fully operational will see the Company's efforts over the last two years come to fruition.

"The product quality has improved markedly over the quarter, much to the satisfaction of our customers. Further improvements to the process flowsheet are underway to increase grade and I expect these to have a positive effect during the next quarter"

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 (C.Eng 325393). Mr. Cowin is an independent consultant with over 40 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 
 StratMin Global Resources Plc            3691 6160 
 Manoli Yannaghas (Managing Director) 
 
 Strand Hanson (Nomad & Financial 
  Adviser)                               +44 (0) 20 
  James Spinney / Ritchie Balmer          7409 3494 
 
                                         +44 (0) 20 
 Beaufort Securities (Sole Broker)        7382 8311 
 Elliot Hance 
 
 Blytheweigh (Financial PR)              +44 (0) 20 
  Halimah Hussain / Megan Ray             7138 3204

-ends

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