Stratmin Global Res - Operational Update: Positive Trial Results
RNS Number : 5139C
Stratmin Global Resources PLC
18 March 2014
 



18 March 2014

 

StratMin Global Resources Plc

("StratMin" or the "Company")

 

Operational Update: Positive Trial Results

 

StratMin (AIM: STGR), the graphite exploration and production company with assets in Madagascar, announces that it has successfully completed the installation, calibration and trial of the MechProTech scrubber at its Loharano project.

 

Following installation and calibration, a number of trial production runs using the new processing circuit were carried out. The results from these indicated a very positive initial performance of the scrubber, with an immediate uplift in the carbon content of the graphite produced.

 

By way of example, the most recent trial production batch averaged a carbon content of 90 per cent, with some samples as high as 92 per cent. This is a significant increase on the percentages achieved before the installation of the scrubber, which had been around 78 per cent, and will result in a higher price per tonne.

 

Furthermore, despite calibration being complete, the Company expects to achieve more improvements in the contained graphite percentage as the benefits from investment of further resources in the processing plant are realised.

 

Further updates will be made as and when appropriate.

 

Manoli Yannaghas, StratMin's Managing Director, said:

 

"This is a big step forward for Stratmin and it verifies the steps taken over the last six months to improve the quality of our output. We look forward to reporting on enhanced production and sales in the near term."

 

For further information please visit www.stratminglobal.com or contact:

 

StratMin Global Resources Plc

+44 (0) 20  3691 6160

Manoli Yannaghas (Managing Director)

 



Strand Hanson (Nomad & Financial Adviser)

James Spinney / Ritchie Balmer

+44 (0) 20 7409 3494



Hume Capital Securities Plc (Sole Broker)

+44 (0) 20 3693 1470

Jon Belliss / Abigail Wayne

 



Blytheweigh (Financial PR)  

Tim Blythe / Halimah Hussain / Camilla Horsfall

+44 (0) 20 7138 3204

 

 

-ends-

 


This information is provided by RNS
The company news service from the
 
END
 
 
MSCUBOWRSUAOAAR ]]>