Issue link: http://resourceworld.uberflip.com/i/685011
12 www.resourceworld.com J U N E / J U L Y 2 0 1 6 ducer. It owns the Woxna graphite mine in central Sweden. According to Flinders, Woxna is unique due to its high quality, large flake graphite, long life expandable resource and first class infrastructure. With the potential to upgrade capacity of 13,000 tpy, Flinders is well positioned at a time when China can't meet global demand. As the mine ramps up to feed a variety of graphite specifications, Flinders is giving Europeans an alternative to buying from China. Flinders is in talks to acquire and restart a dormant facility in Mexico, where it hopes to supply the Tesla gigafactory. Lomiko Metals Inc. [LMR-TSXV; LMRMF-OTCQX] is a junior explorer with mineral assets that include the La Loutre, Lac des Iles and Quatre Milles graphite properties in Québec. Its wholly- owned affiliate, Lomiko Technologies, is an investor in graphene technology and a manufacturer of electronic products. The company's major source of revenue is R&D materials and the sale of samples to the research arms of Fortune 500 companies, including graphene in powder form. Due to the proximity of La Loutre to Imerys Graphite & Carbon's graphite mine near Lac des Iles, Lomiko is hoping the Swiss company might soon see La Loutre as a potential target now that it is running out of open-pittable graphite. "We are hoping that we will be the one they buy,'' said Lomiko CEO, Paul Gill. Mason Graphite Inc. [LLG-TSXV; MGPHF-OTCQX] is a graphite mining and processing company developing the Lac Gueret Project in northern Québec, where the graphite grade is believed by man- agement to be among the highest in the world. According to an amended technical report, Lac Gueret hosts proven and prob- able reserves of 4.7 million tonnes, grading 27.77% graphitic carbon, plus measured and indicated resources of 58.1 million tonnes grading 16.30% graphitic carbon. Northern Graphite Corp. [NGC-TSXV; NGPHF-OTCQX] says its flagship Bissett Creek property is the leading undeveloped graphite project outside of China with an 80 million tonne resource. A bankable feasibility study for Bissett Creek, 100 km northeast of North Bay, Ontario, has been completed. "Bissett Creek is a unique deposit in that 90% of the contained graphite will be categorized as large flake, which is the highest ratio in the industry,'' the company said. Northern has also received its major environmental permit. With capital costs estimated at $134 million, Northern is hop- ing to start up at 20,000 tpy from open pit production. n Lucara sells 813-carat diamond for US $63 million The highest price ever paid for a rough diamond LUcara DiamonD corp. [LUc-TSX, Botswana, naSDaQ omX, Stockholm] reported the exceptional 812.77-carat, Type iia diamond recovered from its Karowe mine in Botswana in november 2015, has been sold for US $63,111,111 (US $77,649 per carat). as part of the sale, Lucara has part- nered with nemesis international Dmcc, and retains a 10% interest in the net profit received from the sale of the resultant polished diamonds. The 813-carat diamond has been named, "The constellation", in collabora- tion with our partner. William Lamb, president and cEo of Lucara, said, "We are very pleased with the result from the sale of this magnificent 813-carat diamond as well as the opportunity to further participate in profits earned when the polished product is sold. The sale of the 813-carat diamond is the highest price ever achieved for a rough diamond, breaking all records. This achievement solidifies our reputation in the jewelry industry as one of the most important sources of diamonds of the very highest quality. We look forward to the next stage of Lucara's development with the sale of the spectacular 1,109- carat, Lesedi La rona diamond which will take place at Sotheby's London on June 29, 2016." The name of the buyer was not disclosed. Sotheby's has scheduled an auction for June 29 to sell Lucara's gigantic Lesedi La rona diamond, the second largest diamond ever found. refer to cover photo of resource World april-may 2016 issue. The only bigger stone is the famous 3,106-carat cullinan diamond found in South africa in 1905. n The Constellation diamond, a 813-carat diamond recovered at the Karowe mine in Botswana, Africa. Photo courtesy Lucara Diamond Corp.