Aben Resources's Slocan Graphite project .........
Post# of 1088
(Total Views: 496)
Posted On: 03/29/2022 10:39:18 AM
Aben Resources's Slocan Graphite project .................................
Slocan Graphite project will be Aben's top priority this year, exploration and drilling will begin this Spring.
Slocan graphite project is located 34 Km northwest of Castlegar, British Columbia
https://www.google.ca/maps/place/Castlegar+Ca...17.6631546
https://investorshangout.com/images/MYImages/...roject.png
Graphite is a naturally occurring form of carbon and is an excellent conductor of both electricity and heat. It is becoming increasingly important as a critical strategic component in advancing alternative energy solutions including wind and solar power, hybrid vehicles and other alternative energy uses. It is also a mainstay of the steel production industry. Canada is currently ranked as the 5th largest supplier of graphite.
Graphite mineralization was initially discovered in logging road exposures in the late 1990’s. Ground and airborne geophysical surveys were completed in the project area in 2000 and 2010 respectively. Both surveys indicated strong conductive anomalies that correlate well with surface mineralization and are interpreted to extend along strike and down-dip of known occurrences. A limited number of documented samples have been taken across the Tedesco horizon and analysed for carbon graphite ranging from trace values to grades of up to 3.36 and 4.43 per cent.
Graphite mineralization is hosted primarily in carbonate and calc-silicate lithologies within the Passmore Dome of the Valhalla Metamorphic Complex, a geologic setting consistent with a crystalline flake graphite deposit model. Previous operators have estimated the mineralized horizon to be up to 50m thick, however cite that it is difficult to determine due to a lack of surface exposure. The horizon has never been tested by diamond drilling.
Past workers in the area concluded: “Although the graphite occurrences at Tedesco are in the early stages of exploration, geological, assay, and geophysical data indicate significant potential to form an economic deposit” (BC Assessment Report 26537). Eagle Plains geologists are of the opinion that the high-quality, large flake character of the graphite mineralization found to date, spatial extent of conductivity from a 2010 airborne electromagnetic (“EM”) survey, minimal historic exploration activity, excellent proximity to infrastructure and the favorable economic outlook for graphite as a strategic commodity make Slocan Graphite a compelling project for continued exploration and a potentially significant component of Eagle Plain’s broad and varied portfolio of exploration projects. The project is consistent with EPL’s policy of identifying and acquiring undervalued exploration projects during cyclical downturns within a particular commodity space.
The Slocan Graphite Project benefits from excellent infrastructure including a high-voltage transmission line within 1.2 km of the property boundaries, an extensive network of forestry roads on and around the property, and an existing graphite processing plant and facilities located 1.5 km west of the property, owned by Eagle Graphite Corporation. The processing plant has historically operated at a throughput rate of 20 tonnes of feed per hour, a rate roughly equivalent to an annual output of 4,000 tonnes of high carbon natural flake graphite. The facility is strategically located close to the US city of Spokane, Washington and the Canadian port of Vancouver, British Columbia, Eagle Graphite offers efficient and economical shipping of high grade material to destinations worldwide.
Eagle Graphite's graphite processing plant at 1.5 km west of Aben Resources's Slocan Graphite property:
https://www.eaglegraphite.com/operations/
If the graphite deposit will be commercially economical as conferred by local workers and by Eagle Plain's geologists, at minimum sale price of $1,000 per tonne, it will generate annual revenue of $4 million for Aben Resources.
- Aben Resources will has revenue
- No further need for financing and no more share dilution
- There will be plenty of money to drill Forrest Kerr and Pringle North in Red Lake area for bonanza gold discovery
- More acquisition of properties with potential bonanza mineral deposit to enhance shareholder value and future buyout price of the company.
BC Government 2017 Geological Survey Assessment of Slocan Graphite
Scroll down to page 18, 19, 20 to see what minerals are found in that property
https://aris.empr.gov.bc.ca/ARISReports/37398.PDF
Graphite has long established itself as the dominant anode material in commercial lithium-ion batteries. Graphite market was valued at US$137.3 million in 2020 and is projected to reach $219.6 million by 2027 at a CAGR of 6.9%. Every million electric vehicle require around 75,000 tonnes of natural graphite. In 2020, spherical graphite demand in China alone was 240,000 tonnes, demand for graphite is forecasted increasing to 1.9 million tonnes by 2028 and 4.5 million metric tonnes by 2050, according to World Bank data released in 2020, the International Energy Agency (IEA) reached a similar conclusion, estimating that global graphite production would have to increase 25-fold by 2040 to meet demand projections.
Volkswagen Group stated that its goal is 50% of VW sales to be battery-electric vehicles by 2030. President Joe Biden also pledged the goal that 50% of all new passenger vehicle sales in the United States to be electric vehicles by 2030.
United States, with no domestic graphite production, imported 41,000 tonnes of graphite since 1990, the bulk of that material comes from China which not only leads global production, but also processes the majority of the world’s coated spherical graphite (CSG).
U.S. President Joe Biden signed a new Executive Order aimed at strengthening critical U.S. supply chains. Graphite, designated a “Critical Mineral” by the U.S. Government in 2018, is central to three of the four supply chains referenced in the White House’s Executive Order. Graphite One’s plan is to build a supply chain capable of delivering 41,850 tonnes of battery-grade coated spherical graphite and 13,500 tonnes of additional advanced graphite materials annually.
What is Coated Spherical Graphite?
https://www.northerngraphite.com/_resources/m...mary-2.pdf
Structure and working of Lithium Ion battery:
https://www.youtube.com/watch?v=VxMM4g2Sk8U
https://www.youtube.com/watch?v=G5McJw4KkG8
https://www.youtube.com/watch?v=4-1psMHSpKs
Slocan Graphite project will be Aben's top priority this year, exploration and drilling will begin this Spring.
Slocan graphite project is located 34 Km northwest of Castlegar, British Columbia
https://www.google.ca/maps/place/Castlegar+Ca...17.6631546
https://investorshangout.com/images/MYImages/...roject.png
Graphite is a naturally occurring form of carbon and is an excellent conductor of both electricity and heat. It is becoming increasingly important as a critical strategic component in advancing alternative energy solutions including wind and solar power, hybrid vehicles and other alternative energy uses. It is also a mainstay of the steel production industry. Canada is currently ranked as the 5th largest supplier of graphite.
Graphite mineralization was initially discovered in logging road exposures in the late 1990’s. Ground and airborne geophysical surveys were completed in the project area in 2000 and 2010 respectively. Both surveys indicated strong conductive anomalies that correlate well with surface mineralization and are interpreted to extend along strike and down-dip of known occurrences. A limited number of documented samples have been taken across the Tedesco horizon and analysed for carbon graphite ranging from trace values to grades of up to 3.36 and 4.43 per cent.
Graphite mineralization is hosted primarily in carbonate and calc-silicate lithologies within the Passmore Dome of the Valhalla Metamorphic Complex, a geologic setting consistent with a crystalline flake graphite deposit model. Previous operators have estimated the mineralized horizon to be up to 50m thick, however cite that it is difficult to determine due to a lack of surface exposure. The horizon has never been tested by diamond drilling.
Past workers in the area concluded: “Although the graphite occurrences at Tedesco are in the early stages of exploration, geological, assay, and geophysical data indicate significant potential to form an economic deposit” (BC Assessment Report 26537). Eagle Plains geologists are of the opinion that the high-quality, large flake character of the graphite mineralization found to date, spatial extent of conductivity from a 2010 airborne electromagnetic (“EM”) survey, minimal historic exploration activity, excellent proximity to infrastructure and the favorable economic outlook for graphite as a strategic commodity make Slocan Graphite a compelling project for continued exploration and a potentially significant component of Eagle Plain’s broad and varied portfolio of exploration projects. The project is consistent with EPL’s policy of identifying and acquiring undervalued exploration projects during cyclical downturns within a particular commodity space.
The Slocan Graphite Project benefits from excellent infrastructure including a high-voltage transmission line within 1.2 km of the property boundaries, an extensive network of forestry roads on and around the property, and an existing graphite processing plant and facilities located 1.5 km west of the property, owned by Eagle Graphite Corporation. The processing plant has historically operated at a throughput rate of 20 tonnes of feed per hour, a rate roughly equivalent to an annual output of 4,000 tonnes of high carbon natural flake graphite. The facility is strategically located close to the US city of Spokane, Washington and the Canadian port of Vancouver, British Columbia, Eagle Graphite offers efficient and economical shipping of high grade material to destinations worldwide.
Eagle Graphite's graphite processing plant at 1.5 km west of Aben Resources's Slocan Graphite property:
https://www.eaglegraphite.com/operations/
If the graphite deposit will be commercially economical as conferred by local workers and by Eagle Plain's geologists, at minimum sale price of $1,000 per tonne, it will generate annual revenue of $4 million for Aben Resources.
- Aben Resources will has revenue
- No further need for financing and no more share dilution
- There will be plenty of money to drill Forrest Kerr and Pringle North in Red Lake area for bonanza gold discovery
- More acquisition of properties with potential bonanza mineral deposit to enhance shareholder value and future buyout price of the company.
BC Government 2017 Geological Survey Assessment of Slocan Graphite
Scroll down to page 18, 19, 20 to see what minerals are found in that property
https://aris.empr.gov.bc.ca/ARISReports/37398.PDF
Graphite has long established itself as the dominant anode material in commercial lithium-ion batteries. Graphite market was valued at US$137.3 million in 2020 and is projected to reach $219.6 million by 2027 at a CAGR of 6.9%. Every million electric vehicle require around 75,000 tonnes of natural graphite. In 2020, spherical graphite demand in China alone was 240,000 tonnes, demand for graphite is forecasted increasing to 1.9 million tonnes by 2028 and 4.5 million metric tonnes by 2050, according to World Bank data released in 2020, the International Energy Agency (IEA) reached a similar conclusion, estimating that global graphite production would have to increase 25-fold by 2040 to meet demand projections.
Volkswagen Group stated that its goal is 50% of VW sales to be battery-electric vehicles by 2030. President Joe Biden also pledged the goal that 50% of all new passenger vehicle sales in the United States to be electric vehicles by 2030.
United States, with no domestic graphite production, imported 41,000 tonnes of graphite since 1990, the bulk of that material comes from China which not only leads global production, but also processes the majority of the world’s coated spherical graphite (CSG).
U.S. President Joe Biden signed a new Executive Order aimed at strengthening critical U.S. supply chains. Graphite, designated a “Critical Mineral” by the U.S. Government in 2018, is central to three of the four supply chains referenced in the White House’s Executive Order. Graphite One’s plan is to build a supply chain capable of delivering 41,850 tonnes of battery-grade coated spherical graphite and 13,500 tonnes of additional advanced graphite materials annually.
What is Coated Spherical Graphite?
https://www.northerngraphite.com/_resources/m...mary-2.pdf
Structure and working of Lithium Ion battery:
https://www.youtube.com/watch?v=VxMM4g2Sk8U
https://www.youtube.com/watch?v=G5McJw4KkG8
https://www.youtube.com/watch?v=4-1psMHSpKs
(0)
(0)Aben Minerals Ltd. (ABNAF) Stock Research Links
Scroll down for more posts ▼