SRG (Sama Graphite Inc.) – (TSXV.SRG) is a Canadian-based resource company with the goal of creating shareholder value by becoming a leader in the production and delivery of low-cost, quick-to-market, quality graphite. SRG is focused on developing the Lola Graphite deposit, which is located in the Republic of Guinea, West Africa. The Lola Graphite occurrence has a prospective surface outline of 3.22 km2 of continuous graphitic gneiss, one of the largest graphitic surface areas in the world. SRG owns a 100% interest in the Lola Graphite Project, Sama Resources Inc. owns a 49% interest in SRG.
SRG’s Board of Directors and management team are seasoned resource industry professionals with extensive experience in the exploration, the development and the realization of world-class mining projects in Africa, North America and Europe. Management’s technical expertise also includes graphite-specific mining, processing and development.
SRG is committed to operate in a socially, environmentally and ethically responsible manner.
The Lola Graphite Project
The Lola Graphite deposit is located approximately 1,000 kilometers east of Conakry, the capital of the Republic of Guinea. The deposit was named after the nearby town of Lola, located some 3.5 kilometers to the east.
The Lola Graphite deposit is present at surface over 8.7 kilometers with an average width of 370 meters, and up to 1,000 meters wide. The first 20 meters or so of the deposit is well weathered (lateralized), freeing graphite flakes from the silicate gangue and thus allowing for easy grinding and optimal recovery of all large and jumbo flakes. The graphite mineralization continues at depth within the non-weathered sheared gneiss. SRG completed a total of 36 core drill holes (800 meters) in 2014 on the Lola Graphite deposit. The drill holes were scattered unevenly over a strike length of 5.2 kilometers of the entire 8.7-kilometer-long deposit.
The graphite mineralization is well exposed at surface over the entire strike length, with surface sample grades ranging from trace to up to 20% Cg (graphitic carbon). The mineralisation is often seen as agglomerates of high graphite concentration that can exceed 50% to 60% visible graphite content. The Lola Graphite occurrence was originally discovered by BUMIFOM (“Bureau Minier de la France Outremer”) during construction of the Conakry-Lola road in 1951. Shortly after Guinea’s declaration of independence in 1958, however, the project was abandoned and subsequently forgotten until Sama Resources “re-discovered” the deposit in 2012.
The Lola Graphite Project – A Unique Deposit
The Lola Graphite deposit is one of the largest surface graphite mineralizations in the world, with an area of 3.22 km2 of continuous graphite rich gneiss.
The first 20 meters or so of the deposit are well weathered (lateralized), freeing graphite flakes from the silicate gangue, thereby allowing for easy grinding with an optimal recovery of large and jumbo flakes. The graphite mineralization continues at depth within the non-weathered paragneiss.
The surface oxide material returned global recoveries of 94-96% of graphite flakes, producing a graphite concentrate with up to 89% of large, jumbo and super-jumbo size flakes. The super-jumbo flake size alone accounts for 29% of the concentrate, with purities of 96% and 97% graphitic carbon (“Cg”).
To date, four metallurgical tests have been conducted on the property, with additional metallurgical tests planned for the near future. Typically, between 15-20 tests are carried out in order to fine-tune a floatation flow sheet.
Testing reveals that the graphite concentrate is exempt of contaminants (Cu, Mo, V, etc.) that are often found in higher concentrations of graphite from numerous other graphite deposits around the world, particularly in southern Africa.
Mineralogical studies show that the sulfide minerals have been naturally leached (weathered) from the oxide facies, resulting in a chemically purer concentrate. For this same reason, the tailings are also expected to be sulphur-free and non-acid generating.
One of our primary objectives is to establish mineral resources within the weathered portion of the deposit, the first 20 meters or so. The weathered material is easily available as it is outcropping at surface, there is no overburden to remove, and mining will require no blasting. We plan to process the material on site using typical flotation, and thereby producing no harmful waste.
Proximity to Markets
Guinea is a West African coastal country, at only a few days shipping distance to Europe and to the American east coast, the two fastest growing markets for high quality natural graphite flakes.
Management Team and Technical Expertise
Sama Graphite’s board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration, the development and the realization of world-class mining projects in Africa. Management’s technical expertise also includes graphite-specific mining, processing and development.
Graphite, the Future of High-Tech
The World needs new sources of energy and is moving away from fossil fuel to a much cleaner energy for cars and energy accumulators The developing world is evolving and natural flake graphite is the cornerstone of a new industrial revolution. It is anticipated that car manufacturers will increase their electric vehicle fleets by several fold over the next few years, further driving the demand for natural flake graphite. With this in mind, it is SGR’s intention to fast track the development of the Lola Graphite project.