BB's Stock Haven

[ddninja]

$GPNE ~ Next Graphite, Inc. is a development stage company targeting the growing global graphite production industry with the Company’s 125,000-acre Africa-based Aukam Graphite Mine. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia, produced USD$30 million of graphite at today’s prices, and is estimated to hold over 4 million tons of natural, high-grade, large-?ake, hydrothermal-sourced graphite reserves. Global graphite demand is being driven by the development of new markets for clean and e?cient energy alternatives, smart grid infrastructure and military capabiltiies. Next Graphite has an immediately-available, surface-visible, estimated 140,000-ton stockpile, along with competitive projected mining and processing costs. The completion of GPNE's Aukam Graphite Mine re-launch and development activities is expected to result in a multi-million dollar inward investment into Namibia in 2014-2015.

Next Graphite’s now 90% owned Aukam Graphite Mine was established in 1940 in Namibia and was mined through 1974
Production was focused on extraction of “surface-visible” vein graphite ore and high grade under ground vein loads
Approximately 25,000 tons of graphite was produced during its operation
Aukam Graphite’s yield was never processed on site, rather shipped by rail to South Africa for armaments use
Adits (tunnels) and stopes (method of recovering ore from underground operations) were developed from 1954 to 1957 until the mine was destroyed by a fire
Production peaked at 2,600+ tons per year from an area measuring approximately 350mx150mx100m, the shear zone hosting the deposit is believed to contain more than 4 million tons of graphite ore
In 2014 Next Graphite Management commenced planning to reopen the Aukam Graphite Mine and begin servicing increased worldwide graphite demand in 2015