Valence Industries (VLQCF) (ASX:VXL) Austrailian Approval Received for Graphite Production
Dec 24, 2014
Valence Industries Austrailian Approval Received for Graphite Production
Sydney, Australia, Dec 23, 2014 - (ABN Newswire) - Valence Industries
(VLQCF) (ASX:VXL) is pleased to announce that it has received regulatory approvals for
its wholly owned Uley GraphiteTM mining and manufacturing facilities in South
Australia.
The approvals allow Valence Industries to commence commercial scale graphite
production from the existing stockpiles through the Phase I Plant.
The approvals also allow Valence Industries to construct and operate its Phase
II plant expansion and commence mining from Uley Pit 2. In Phase II ore from
Uley Pit 2 will be sourced from the starter pit outlined in the company's Ore
Reserve Statement to a depth of 16m. See weblink below for more information.
www.abnnewswire.net/companies/en/36328/Valence_Industries
About Valence Industries:
Valence Industries Limited (VLQCF) (ASX:VXL) is an industrial manufacturing company
producing high grade flake graphite products for distribution and sale to global
markets. Valence Industries owns established processing facilities and
infrastructure to manufacture a wide range of graphite product lines for
multiple applications and multiple industries. Valence Industries produces and
sells its graphite products from its Uley Graphite facilities in regional South
Australia for delivery to diversified markets for graphite in the Asia Pacific,
Europe and North America.
Source:
Valence Industries
www.valenceindustries.com
