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Resource World - June-July 2015 - Vol 13 Iss 4

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30 www.resourceworld.com j u n e / j u l y 2 0 1 5 tion, Energizer will seek off-take and strategic partners, and engage debt and equity-financing channels to raise capital for mine development Flinders Resources Ltd. [FDR-TSXV] brought the Woxna graphite mine and processing facility into a technical feasi- bility and commercial viability stage in July 2014. Woxna is located just north of Edsbyn, Sweden. On April 29, it announced an expanded mineral resource for the project, with the total measured and indicated resource by now standing at 7.7 million tonnes at 9.3% Cg. On January 27, the company announced that it had sold and shipped all of its 2014 output. The 2015 production plan is being tailored for Flinders' European consumer base. On January 22, it announced that a proposed acquisition of Big North Graphite Corp. [NRT-TSXV] would no longer proceed following due diligence. Big North holds the El Tejon graphite project in Mexico. Graphite One Resources Inc. [GPH- TSXV; OTCQX-GPHOF] is advancing the Graphite Creek project near Nome, Alaska. The project is North America's largest- known flake graphite deposit, according to the company. On March 17, the company announced an updated mineral resource for the project. At a cut-off grade of 3% Cg, the project comprises 17.95 million tonnes indicated, grading 6.3% Cg and 154.36 mil- lion tonnes inferred, grading 5.7% Cg. On April 15, Graphite One announced that a report on the properties of Graphite Creek mineralization by TRU Group Inc. had iden- tified distinguishing features described as spheroidal, thin, aggregate and expanded – or STAX. The company has paused work on the preliminary economic assessment to incorporate these findings. Great Lakes Graphite Inc. [GLK -TSXV] completed its acquisition of the Lochaber graphite project in mid-January. The prop- erty is located near Buckingham, Québec. On January 27, it unveiled encouraging results for two holes from its infill and step-out drilling campaign 2014/15. Hole GLK-14-01 included an intercept of 5.3% C (graphite) from 17.70-30 metres. Further encouraging results were announced on March 10. On February 26, it announced an agreement with Northfil Resources Ltd. to lease the Matheson microniza- tion facility located in Ontario capable of processing flake graphite. On March 12, GLK announced re-commissioning work at Matheson had started. On March 23, it signed an agreement with DNI Metals Inc. through which GLK will be able to pur- chase up to 34,000 tonnes of natural flake graphite concentrate for use at Matheson. Lomiko Metals Inc. [LMR-TSXV] acquired a 40% interest in the La Loutre graphite property in September 2014 from Canada Strategic Metals Inc. [CJC-TSXV]. The project is located about 120 km north- west of Montreal, Québec. On February 9, it was announced that Lomiko would acquire a further 40% stake in exchange for a payment of just over $1 million on the issuance of 3 million common shares in Lomiko and by funding $1.75 million in exploration over two years. Canada Strategic Metals will keep a non-diluted 20% stake. First drilling at La Loutre was undertaken in November 2014 and proved encouraging, with a mineralized zone containing graphite identified over 800 metres length, up to 100 metres wide and more than 100 metres in depth. Highlights included hole LL-14-05, which intersected 4.72% graphite from 6.65-135 metres. Lomiko has also been exploring its Quatre Milles graphite property, Québec, and the Vines Lake property near Cassiar, BC, both of which have yielded graphite discoveries. The company's subsidiary, Lomiko Technologies Inc., is a part owner of Graphene 3D Lab Inc., which develops and manufactures graphene-enhanced materi- als for 3D printing. Graphene 3D Lab is a spinout of Graphene Laboratories, Inc., a leader in manufacturing and retailing gra- phene and advanced materials. www.lomiko.com info@lomiko.com Graphite in Quebec TSXV: LMR FSE: DH8B OTC: LMRMF

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