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SRG Graphite Inc.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  1320 Graham, suite 132
Ville Mont-Royal, Quebec
Canada H3P 3C8
Tel No.: 514-726-4158
Web Site: www.srggraphite.com
E-mail: ceo@srggraphite.com
Contact Person: Marc-Antoine Audet
Position: CEO


Company Data

Traded Market: TSX-V
Traded Symbol: SRG
Outstanding Shares: 58,454,719
Public Float: 54%
52 Week High: $ 1.95
52 Week Low: $ 0.15
Present Price: Click Here


Introduction

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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

  • Global graphite production has risen more than tenfold, from a base of 100,000 TPA in the early 1900s to an estimated 1.2 MTPA in 2016 at a compound annual growth rate of over 2% according to USGS and the World Steel Association, and by 4% according to P&S Market Research.
  • The strong demand for graphite is fuelled by green energy initiatives, including lithium + carbon batteries (hybrid vehicles), solar energy, supra-conductors and nuclear energy. Only high purity crystal flake graphite can be used for Li-ion batteries, fuel cells and other green technologies

Opportunities

  • The graphite market (1.2 MTPA) is almost as large as the nickel market and, 50 times larger than the lithium or rare earth elements markets.


Projects in Hand

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.

  • The Lola Graphite deposit is 8.7 km long, and on average 370 meters wide.
  • The first 20 meters or so of the deposit are well weathered (lateralized), freeing graphite flakes from the silicate gangue and allowing for easy grinding with optimal recovery of all large and jumbo flakes.
  • The graphite mineralization continues at depth >30 meters within the non-weathered sheared gneiss.

Lola Project Overview

Resource Size Potential

8.7 km-long graphite deposit with an average width of 370 m at surface

Flake Size

Up to 89% of graphite flakes are super-jumbo, jumbo and large (+80 mesh, >0.18 mm)

Weathered

Favourable weathering profile has positive implications on metallurgy of upper ~20 m

Surface Grade

Representative surface samples, grading up to 35% carbon

Metallurgy

High value graphite given ash composition, high crystallinity, high oxidation resistance and excellent purification behavior

Quick-To-Market

Company financed through PEA with commitments to execute its current program

Project Development

  • 2017 drilling program of 4,825m completed on time and on budget
  • PEA work underway with DRA expected to be completed in Dec 2017
  • Environmental baseline assessment will be completed in Q4 2017
  • Adequately funded for next steps of the development plan
  • Offtake discussions ongoing with several off-takers

Exploration and Development

  • 2017 drilling plan: 157 DDH (4,825 meters)
  • Drilling completed as of Oct 30th, 2017: 172 DDH (4,936m) and 10 trenches (1,326m)
  • Mineral resources will be published with PEA (Dec 2017)
  • 2017-2018 drilling program: 130 DDH (3,800m) definition to move resources from inferred to indicated (to be completed Q2: 2018)

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

  • Guinea is a mining oriented country (>30% of GDP)
  • 2/3 of world bauxite reserves in Guinea
  • Mineral rich country: iron ore, gold, diamonds, etc.
  • Responsive and responsible ministries of mining, finance and environment
  • Permitting process is straightforward and well documented
  • Local government and communities highly supportive of the project


Management

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., Director of Operations

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.


News Update

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

  • Cyclovoltammetric measurements indicate that the kinetics of SRG's purified spherical graphite makes it suitable as active material in lithium-ion batteries.
  • Achieves remarkable reversible capacities of over 365 milliampere-hours per gram, which is very close to the theoretical maximum of 372 mAh/g.
  • Demonstrates above average cyclability, achieving a value of 356 mAh/g after 100 cycles at a cycle rate of 0.5C. This represents about 99 per cent of initial capacity and 96 per cent of theoretical capacity, which is better than the average value for typical uncoated spherical graphite products.

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.


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