SRG Graphite Inc.
SRG Graphite Inc. is a Canadian-based resource company with the goal of creating shareholder value by becoming a leader in the production and delivery of low-cost, quick-to-market, quality graphite. SRG is focused on developing the Lola Graphite deposit, which is located in the Republic of Guinea, West Africa. SRG is committed to operate in a socially, environmentally and ethically responsible manner. SRG owns a 100% interest in the Lola Graphite Project, Sama Resources Inc. owns a 49% interest in SRG.
Increasing Worldwide Demand for Graphite
Lola Graphite Project, Eastern Guinea, West Africa
The Lola Graphite deposit is located approximately 1,000 kilometers east of Conakry, the capital of the Republic of Guinea. The Lola Graphite occurrence has a prospective surface outline of 3.22 sq. km of continuous graphitic gneiss, one of the largest graphitic surface areas in the world.
Lola Project Overview
Exploration and Development
Proximity to Markets – Guinea, West African is coastal country, at only a few days shipping distance to Europe and to the American east coast, two of the fastest growing markets for high quality natural graphite flakes.
Strong Government Support
Management and Directors
Benoit La Salle, FCPA, FCA, MBA, Executive Chairman and Director
Mr. La Salle is the former Chairman of Plan International (Canada). Today Mr. La Salle is President & CEO of Windiga Energy, chairman of Algold Resources Ltd., Executive chairman of Sama Resources Inc., Executive chairman of SRG Graphite Inc. and Chairman of the Canadian Council on Africa.
Marc-Antoine Audet, Ph.D (Geo.), P.Geo., President & CEO and Director
Dr. Audet has over 27 years of geological experience in international nickel laterite exploration and development with major mining companies such as Xstrata Nickel and Falconbridge. Dr. Audet held several positions for Falconbridge in New Caledonia including Chief Geologist and Manager of Resource Estimation and Mine Development. He also served as the Senior Project Geologist and Director of Operations for Falconbridge International Investments Limited in Côte d’Ivoire, West Africa.
Raphaël Beaudoin, P.Eng., Vice-President of Operations, Metallurgy and Process Design
Mr. Beaudoin worked as a plant metallurgist at the Minto Mine in the Yukon before joining the Nunavik Nickel Project for Canadian Royalties Inc. in 2012. Mr. Beaudoin participated in the implementation of the Nunavik Nickel concentrator as a plant metallurgist and held several positions including chief metallurgist and concentrator superintendent.
Bakayoko Bouake, Geologist, Exploration Manager, West Africa
Mr. Bouaké was field geologist of Falconbridge Côte d’Ivoire. Mr. Bouaké was involved with several of Falconbridge’s projects, the Raglan nickel mine in Quebec, Canada, the Falcondo nickel laterite mining operation in the Dominican Republic and was a geological consultant at the newly discovered Serra do Tapas nickel laterite project in Brazil.
Marc Filion, Ph.D, MBA, Eng., ASC, Independent Director
Marcel Duchesne, Independent Director
Yves Grou, CPA, CA, Independent Director
Rene Lessard, Independent Director
K. Abdoulaye Compaore, Director
Abdoul Aziz Nassa, Director
Please refer to SRG Graphite Inc.'s website www.srggraphite.com for complete biographies.
On August 9, 2018, SRG Graphite Inc. announced that its board of directors has approved a new corporate structure. The Company has appointed Raphael Beaudoin as vice-president, operations, metallurgy and process design; Elias J. Elias as vice-president, legal and corporate affairs, and corporate secretary; Mathieu Charette as vice-president of finance and corporate controller; and Michel Labonte as general manager of SRG Guinea.
On June 18, 2018, SRG Graphite Inc. has provided an updated mineral resource estimate for its 100-per-cent-owned Lola graphite deposit located in the Republic of Guinea. The 2018 mineral resource estimate represents an increase of 54 per cent of in situ graphitic carbon (Cg) at a 3-per-cent cut-off grade since the publication of the maiden resource.
The 2018 mineral resource estimate includes a pit-constrained measured and indicated resource of 12.2 million tonnes grading 5.6 per cent Cg and an inferred resource of 2.1 million tonnes grading 6.1 per cent Cg, using a cut-off grade of 3.0 per cent Cg. Effective date of the estimate is June 14, 2018.
On June 6, 2018, SRG Graphite Inc. has released its maiden resource estimate for the 100-per-cent-owned Gogota nickel-cobalt deposit located in the Republic of Guinea. The mineral resource estimate includes a pit-constrained inferred resource of 44.9 million tonnes of mineralized material grading 1.28 per cent nickel (Ni) for 573,040 tonnes of contained nickel. The cobalt (Co) grade of the resource is 0.13 per cent Co for 59,560 t of contained cobalt. The resource also contains 29.4 grams per tonne (g/t) of scandium (Sc) for 1.17 tonnes of contained scandium in the limonitic portion of the deposit.
On December 22, 2017, SRG Graphite Inc. has released its initial resource estimate for its Lola graphite deposit located in the Republic of Guinea. The mineral resource estimate includes a pit-constrained indicated resource of four million tonnes grading 5.7 per cent graphitic carbon and an inferred resource of 4.6 million tonnes grading 6.5 per cent Cg, using a cut-off grade of 3 per cent Cg.
The Company has planned an additional 6,000 metres of drilling, scheduled to take place in 2018.
SRG will file a National Instrument 43-101 technical report supporting the mineral resource estimate to SEDAR within 45 days of the issuance of this press release.
On November 29, 2017, SRG Graphite Inc. announced the results of electrochemical characterization of its spherical purified graphite (“SPG”) material produced from the Company’s Lola graphite deposit in the Republic of Guinea. SRG's graphite demonstrates excellent electrochemical characteristics.
Anzaplan report: SRG's spherical graphite electrochemical characterization highlights
On November 28, 2017, SRG Graphite Inc. announced that Coris Capital SA has filed an early warning report regarding the exercise of 2,625,000 share purchase warrants at a price of $0.50 per warrant share, thereby securing beneficial ownership of, or control and direction over an additional 2,625,000 common shares.