When comparing one graphite deposit to another it is important to look at multiple factors:
The size, and potential size of the deposit.
Flake size distribution.
The host rock - Hard rock verses Weathered rock (Saprolite).
Historical mining, or current mining in the area.
People involved in the project.
DNI has assembled a strong knowledgeable graphite development team who have built four graphite processing plants and operated two graphite mines.
The team chose this part of Madagascar because it has the potential to host graphite projects which could be developed into producing mines.
Graphite has been produced in the area for over 100 years with some of the historical production occurring on DNI’s properties.
NI 43-101 Resource
· Main Zone: Inferred Mineral Resources of 4 Million tonnes (“Mt”) at 5% Graphitic Carbon, (“GC”) using a 3% GC Cut-Off Grade Base Case
· Potential for further growth along north-south strike length
· A saprolitic deposit is easier to mine and process than a similar hard rock graphitic deposit.
This initial resource is just the beginning, considering we only drilled a small portion of the Main mineralized zone, as the resource is open ended along the north-south strike length and down dip to the west.
With the release of the resource, and the expected environmental licences not far behind, DNI can focus on constructing its Pilot Plant.