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Sahamamy Project - Flake Graphite project

In 2017, the Company acquired Establissement Rostaing, a private company which had an existing operating project in Madagascar called the Sahamamy Project. The project constituted 8 kmmining permit issued for 40 years, environment clearance, additional applied permit applications and an obsolete production facility of 200 TPA. The company discontinued the old operations and built a modern 3000 TPA plant which was commissioned in March 2019. The project is located at an aerial distance of 8 km from the Vatomina Project. A second plant module shall be added to bring the total production capacity to 21,000 TPA as per the company's development plan.

Flake Graphite Mining - Sahamamy Project

Plant 1 of 3000 tpa - producing & selling
  • The Company commenced development of this plant in Q3 2018 and commissioned it in a record time of 6 - 7 months.
  • The Company has established its unique and proprietary technology (SAGE) of extracting 50% of the waste as a by-product i.e., construction grade sand. This is currently being used for inhouse construction and infrastructure development.
  • Superior product basket - 50% Jumbo, 35% Large and 15% Small Flakes
  • Produced >97%C purity, consistently achieving >85% recovery.
  • A lean process flow sheet planned, used and proven - provides comfort for further modules planned to be set up at both the projects.
  • Markets established, selling across the globe into various applications with a major focus on Europe, USA, India and parts of Asia. 
  • Mining fleet deployed, free-dig mining continues with systematic mine development.
Plant 1 of 3000 tpa - GENERATING POSITIVE CASH FLOWS
  • Industry lowest CAPEX and OPEX established
  • Gross margins and C2 operating costs achieved better than guidance.

Resource

  • Exploration activities include auger drilling, pitting, trenching, mapping, surveys and mining.
  • Maiden JORC Resources (by SRK Consultants):
    •  Indicated - 1.4mt @ 4.1% GC
    •  Indicated - 5.7mt @ 4.2% GC
  • Exploration target of between 5 to 7 million tonnes of flake graphite with an average grade of 4-5% TGC
  • Resource upside potential on both lateral and vertical axis of identified mineralised bodies as well as unexplored zones.
  • Staged exploration strategy, with drilling activities in the next stage of exploration
  • The currently defined Mineral Resource Estimate under JORC (2012) implies total contained graphite of 296,800 tons resulting in a mine life of over 14 years based on the planned 21,000 TPA production capacity.

Infrastructure & other facilities

Producing High Quality Graphene - Sahamamy project
Project Infrastructure development
  • Admin and residential area for the project management team
  • Engineering center established, supporting production activities
  • Tailings dam constructed for enabling recycling and reuse of processing water
  • Laboratory facilities for quality control and testing
  • Feasibility studies for the redevelopment of hydropower generation completed
  • Approach road and internal roads widened and made all-weather
Lab & Quality Control:
  • Tirupati proven quality systems implemented
  • New Lab instruments and standardized testing procedures established.
  • Product marketed in various applications for various applications.
  • Cloud based customised data recording and analytics system implemented
  • Graphene produced from these samples displayed exceptional quality