Valence Industries - June 2014 Quarterly Activities Report and Appendix 5B
31.07.2014 | ABN Newswire
Melbourne, Australia (ABN Newswire) - Valence Industries (ASX:VXL) makes first sale of flake graphite from Australia in 20+ years from its Uley Graphite facility and develops the Bankable Feasibility Study to significantly expand production capacity. Higlights for the period include:
Confirmation that Uley Graphite produces only the highest quality flake graphite with significant quantities of +50 Mesh (large flake) with no amorphous graphite present.
First sales contract for high grade flake graphite in April 2014 from historical production for uses from industrial lubricants and refractories to battery grade applications.
Key stages of Phase I recommissioning program for the existing Uley Graphite facilities (~14,000 tonnes of flake graphite per year) continued in the second three months of 2014, including:
- Primary screening units
- Flotation & Collection Tanks
- Main Slurry Tank
- Fluid Bed Gas-Fired Dryer
- Travelators & Screening
- Dust Collection.
Completion of refurbishment of the secondary processing plant and the staged restart of Phase I fines stockpile processing is scheduled to continue during the September Quarter of 2014.
The Bankable Feasibility Study for the Phase II Uley Pit 2 and expansion of production capacity by up to 60,000 tonnes to be completed next quarter.
Planning for the Company's Phase III high purity graphite program has continued and will advance during 2015.
Valence Industries continues its partnership with the University of Adelaide through the Graphene Research Centre consistent with the Company's commitment to advanced manufacturing.
To view the full quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-VXL-809158.pdf
About Valence Industries:
Valence Industries Ltd. (ASX:VXL) is an industrial manufacturing company producing high grade flake graphite products for distribution and sale to global markets. Valence Industries owns established processing facilities and infrastructure to manufacture a wide range of graphite product lines for multiple applications and multiple industries. Valence Industries produces and sells its graphite products from its Uley Graphite facilities in regional South Australia for delivery to diversified markets for graphite in the Asia Pacific, Europe and North America.
Contact:
Valence Industries
Corporate Headquarters
Investor Relations
T: +61-8-8418-8564
E: info@valenceindustries.com
www.valenceindustries.com
