Valence Industries (VLQCF) (ASX:VXL) Feasibility Study Expansion and ADV Manufacturing Adelaide, Australia, Jan 2, 2015 - (ABN Newswire) - Valence Industries (VLQCF) (ASX:VXL) has completed its Feasibility Study for the significant expansion of its currently operating Phase I graphite mining, processing and advanced manufacturing capacity.
The Feasibility Study reflects the continued focus by Valence Industries on a program of advanced manufacturing shifting the emphasis from bulk tonnages to value added product lines and increased margins. The Executive Summary of the Feasibility Study is appended with the key elements discussed below. Production & Manufacturing Strategy The Feasibility Study defines an advanced manufacturing program for Valence Industries with two aspects: (1) base flake graphite concentrate production at the Uley Graphite(TM) site; combined with (2) advanced product handling facilities near the port of Adelaide.
Valence Industries has ore reserves exceeding 2Mt to meet current production and sales programs and is drilling its exploration targets on a schedule to match the need for additional future raw material. Expansion of the facilities at the Uley Graphite(TM) site will provide additional processing capacity In 25000tpa increments of graphite output to reach 64000tpa to effectively match market demand. This Phase II plant is also designed to deliver significant advances in quality, output reliability and reduced processing costs compared to the existing Phase I plant.
Valence Industries Limited (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
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