Flinders Resources Limited (“Flinders” or the “Company”) (TSXV: FDR) is pleased to provide an update on the production and sales of flake graphite from the Woxna mine in Sweden. In July 2014, the Company began operating the Woxna facility. During the initial months of operations, the Company completed progressive process improvements, to ensure the plant met design specifications and that the graphite products produced fulfilled customer expectations.
During this commissioning period, the quantity of graphite produced was limited, and the grade variable, due to the ongoing plant refinements. Despite this product quality variability, the Company has sold and shipped the total of 2014’s production to various European customers. The last of the 2014 graphite product was shipped to customers this month.
As the production refinement period draws to a close, the processing plant is now achieving design specification of 94% carbon content for our flake products. The 2015 production plan is being tailored to meet our marketing and customer requirements, and the Company is confident that all output will be consumed within local European markets.
Blair Way, President & CEO states, “It is very satisfying to see our plant producing to specification and seeing our product being welcomed by European customers. In July 2014 we ran the plant for the first time with the redesigned flowsheet and have now worked out the all start up issues to be producing a series of widely marketable products. 2015 is shaping up to be a good year for our Woxna facility. I look forward to updating shareholders as we progress through our 2015 production plan.”
On behalf of the Board,
President and CEO