Alabama Graphite Initiates Rock Hardness Testing at its Coosa Project in Alabama, USA
VANCOUVER, Canada / TNW-ACCESSWIRE / June 17, 2014 / Alabama Graphite Corp. (the "Company") (TSX-V: ALP) (OTCQB: ABGPF) (FRANKFURT: 1AG WKN: A1J35M) (ISIN# CA0102931080) is pleased to announce that it has provided samples for initial Bond Work Hardness Indices testing to SGS Canada in Lakefield, Ontario, Canada. Bond Work Hardness Indices are a measure of the amount of work required to reduce a rock in size, in order to liberate the individual graphite flakes. The ease or difficulty of doing this has a direct impact on the economics of a graphite mine.
The Company has provided samples of both oxidized (weathered, at surface) and unoxidized (non-weathered) material for testing. The Company's Coosa Project is unique among defined North American graphite resources in that a substantial portion of the deposit is oxidized. Historically, all of the graphite production from the Alabama deposits came from soft, decomposed rock in the oxidized zones.
"Because of Alabama's location in the southern United States, glaciers never scoured off the oxidized upper portion of the deposit as they did in Canada or Alaska," remarked Dr. Douglas Oliver, VP of Exploration. "It is our expectation that the Bond Work Hardness Index for the weathered material will be substantially lower than either the deeper (unoxidized) portion of the Coosa deposit or other graphite resources in North America."
This testing will provide insight into the ease of milling the Alabama graphitic schist. These results - along with the ongoing metallurgical testing - will be used as inputs in a Preliminary Economic Analysis (PEA) expected to begin later this year.
"Our primary interest in initiating this testing is to get a head start in finalizing the parameters that will impact the economics of the Coosa project. Given our mission to be one of the greenest graphite producers in the world, something as simple as the hardness of the rock will effect the net environmental impact of the final process, the initial capital costs and the ongoing operating expenses of this project," stated Ron Roda, CEO of Alabama Graphite. "The soft, easily broken-down nature of the oxidized rock is a unique characteristic of the Coosa Resource and we expect it will provide both intangible and tangible economic benefits going forward."
Rick Keevil, P. Geo., a Director of the Company and VP of Project Development, is a Qualified Person as defined by National Instrument 43-101, has reviewed the contents of this press release.
About Alabama Graphite:
Alabama Graphite Corp.'s mission is to become one of the greenest graphite producers in the world. The Company, through its wholly-owned subsidiary, Alabama Graphite Company Inc., is conducting exploration and development on its flagship project "The Coosa Graphite Project" in Coosa County, Alabama, USA. The project encompasses over 40,000 acres and is located in an area with significant historical production of crystalline flake graphite. The Coosa Graphite project is 100% owned by Alabama Graphite and on private land. The Company's property has in place critical infrastructure, is within close proximity to transportation routes and a hospitable climate allowing for year-round production and delivery. The Company published an inaugural mineral resource estimate in July 2013, which was revised in March 2014, is continuing to define the footprint of the "The Coosa Graphite Project" and will look to start work on the 100% owned "Hearst Graphite Property" in Northern Ontario. For further information and updates on the Company please visit www.alabamagraphite.com.
ALABAMA GRAPHITE CORP.
Ron S. Roda
President & Chief Executive Officer
(609) 785-1581
rroda@alabamagraphite.com
www.alabamagraphite.com
Disclaimer for Forward-Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect Alabama Graphite Corp.'s current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of Alabama Graphite Corp. with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Alabama Graphite Corp. undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
Alabama Graphite Corp. cautions that the foregoing list of material factors is not exhaustive. When relying on Alabama Graphite Corp. forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Alabama Graphite Corp. has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
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