The company has approached graphite geologists, Element12 International, to review the Phase 1 findings.
Element12 International will review the sample results of 49.2% high-grade graphite content, testing of the three tailing heaps containing 180,000 tons of graphite-bearing rock, prevalence and frequency of lump, crystalline flake graphite and mineral-producing tin and fluorite mines and other mineral potential on the site.
Planned to be carried out conducted over the next four months, the Phase 2 will classify the graphite mineralization on the Aukam site and establish a pre-economic plan. It will include bulk-testing programs, an initial drilling program, additional sampling, and validation of additional minerals.
Next Graphite CEO Cliff Bream said: "Though our graphite asset has historical production values and significant amounts of visible graphite on the property, we are conservatively following our plan and adhering to a standardized and proven approach to further validate the visible, and the yet to be extracted, graphite we have on our property."
"We expect similar, positive results from our Phase 2 study and look forward to reporting the same to our shareholders," Bream concluded," added Bream.
