none

AUSSIE GRAPHITE MINE IS NO FALSE LEAD

20-09-2016
by 
in 

A scoping study into a proposed graphite mine on South Australia’s Eyre Peninsula has found the development to be economically viable, with an indicated lifetime revenue of over $850 million.

The positive result has the new mine (of Archer Exploration Limited) on track to become one of Australia’s first new-era graphite mines, and a reliable source of a resource that is in high global demand.

Archer Exploration plans to lodge a formal mining lease application by the end of the year, and expand upon the lease as production continues through the next eight years.

The mine will source feedstock from the three deposits nearby, and is expected to generate about $21.5 million and 10,500 tonnes of graphite per year, with an initial capital cost of just $36 million.

Archer Managing Director Greg English said that the proposed mine contained high-grade grapite that would be commercially attractive for a number of applications.

“The scoping study outcomes underpin what a truly exciting project the Eyre Peninsula Graphite Mine can be,” said English.

“The study has validated the project’s capacity to deliver a very solid platform for Archer on which to get into our maiden mining phase and then in the relative near-term, increase production rates and mine life, subject to the usual approval processes.”

Graphite, a highly effective conductor of heat and electricity, is also the strongest natural mineral in the world. As graphite products range from lead and grease all the way up to carbon fibre cables and lithium ion batteries, the demand for graphite isn’t likely to go away anytime soon.

Related news & editorials

  1. 21.05.2018
    21.05.2018
    by      In
    Queensland engineering firm Fibercon is claiming a milestone in recycling, having reused more than 50 tonnes of plastic waste.
    The plastic has been used in the company’s Emesh product, which replaces steel mesh in reinforced concrete. The technology was codeveloped with researchers from Queensland’... Read More
  2. 18.05.2018
    18.05.2018
    by      In
    The latest edition of the Methods technology and solutions e-zine from Mouser Electronics focuses on digital twinning, the latest concept for design and maintenance in Industry 4.0.
    Starting with a forward from digital twinning expert Dr Michael Grieves, Executive Director of the US Center for... Read More
  3. 17.05.2018
    17.05.2018
    by      In
    The Federal Government has released an expanded overview of its 12-year national research infrastructure investment plan, marking the “next step of the innovation and science agenda”.
    The plan, prepared jointly by Education and Industry departments, will “provide Australian researchers with access... Read More
  4. 17.05.2018
    17.05.2018
    by      In
    Victoria’s Marand has grown its customer base, securing a partnership with Rolls-Royce for construction of the MT30 gas turbine for the SEA 5000 Future Frigate project.
    Under the agreement, Marand will work with Rolls-Royce on design development, manufacture and integration of the specialised... Read More