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big move here this morning
Flinders fact sheet -
http://www.flindersresources.com/i/pdf/FactSheet.pdf
Flinders share structure -
http://www.flindersresources.com/s/ShareStructure.asp
Flinders Resources homepage -
http://www.flindersresources.com/s/Home.asp
Production scheduled to commence July 2014!
http://finance.yahoo.com/news/flinders-progress-production-woxna-graphite-134500322.html
February 04, 2013
Flinders Provides Update on Activities at its Woxna Graphite Mine in Sweden
Vancouver, Canada - Flinders Resources Limited ("Flinders") (TSXV: FDR). Mr. Martin McFarlane, President & CEO, is pleased to provide an update on the wide range of activities that are underway at the Woxna Graphite Mine in Sweden. Highlights include:
Pumping water from the Woxna mine pit has continued through winter and the depth of the water remaining is now minimal. The process to empty the pit is effectively complete.
Golder Associates of Sweden has delivered a mining plan for the Kringel graphite mineral resource outlining 4 phases of graphite mining over more than 20 years. The plan is being evaluated by Flinders and has been sent to mining contractors for pricing.
GBM Mineral Engineering Consultants ("GBM") has designed a new process flow sheet for the Woxna process plant. While it largely relies on existing equipment, certain enhancements have been made which are intended to improve recoveries of large flake, increase graphite purity and overall graphite recovery.
Bulk samples of fresh graphite mineralisation from the Kringel deposit have been extracted and sent to flotation specialist Aminpro Metallurgical Laboratories in Chile to run a series of graphite processing tests to optimise grinding characteristics and verify flake size, purity and recovery results that are forecast to be achieved from the proposed process flow sheet for the Woxna project. The test results are due in April.
GBM has completed an audit of all processing plant equipment and listed and specified all items of new equipment that will need to be purchased. GBM has sent requests to suppliers for quotes and delivery schedules for each item to be purchased.
Woxna personnel have commenced dismantling and inspecting all items of equipment that will be re-used in the new process flow sheet. Once dismantled, each item is cleaned and its condition assessed. Items requiring repairs or maintenance are then sent to local contractors to perform this work.
Updated and enhanced process control systems have been specified and sourcing has commenced. Laboratory equipment will be upgraded as required.
Detailed designs for upgrading the tailings storage facility have been received from the Swedish consultants. These will be presented to the regulators in February for approval to proceed. The designs have been sent to several contractors for quotation.
Updated operating and capital costs as well as revenue projections are expected to be finalised in March 2013 and compiled as part of a Preliminary Economic Assessment of the Woxna graphite project.
We continue to monitor European graphite markets. In line with global trends, graphite demand and prices fell during the second half of 2012. Slower economic growth in Europe also contributed. In response, and given the impact of current graphite prices, Flinders is examining options to further reduce both operating and capital costs for the Woxna graphite project. In addition, Flinders is considering advancing studies to enhance shareholder returns via expanding graphite capacity, adding higher value graphite products and strategic opportunities.
On behalf of the Board
"Martin McFarlane"
Martin McFarlane, President and CEO
For more information contact:
Jim Powell +1 647-478-5806
info@flindersresources.com
http://www.reuters.com/finance/stocks/chart?symbol=FDR.V
futr
Looks good to me, at least sufficient to watch closely for now.
I would like to see how/if the Euro 2000 environmental exclusion that covers a major part of the (first known) deposit is or is not going to be something that can be "arranged".
Whats the potential here?
Flinders Resources Ltd announces closing of private placement for gross proceeds of $15 million
http://www.reuters.com/finance/stocks/FDR.V/key-developments
Flinders Resources Appoints General Manager at Woxna Graphite Project, Sweden
http://www.equities.com/news/headline-story?dt=2012-09-14&val=481903&cat=material
Flinders unveils resource of 2.6 mln tonnes at 10.5% graphite at Kringel deposit
http://www.proactiveinvestors.com/companies/news/34859/flinders-unveils-resource-of-26-mln-tonnes-at-105-graphite-at-kringel-deposit-34859.html
Hoping theres some more action here as this project gets closer to completion, after some DD on this baby I'm in!
Graphite catching on...
Trading on the grey sheets under FLNXF:
http://www.otcmarkets.com/stock/FLNXF/quote
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