Valence Industries has announced that it has signed an agreement for the first graphite to be sold in Australia in the last 20 years.
Valence Industries said sales have been made in a range of volumes and prices that reflect immediate commercial applications, and commencement of shipping will occur in the next couple of weeks.
Initial sales are for a range of large flake graphite products with purity levels above 95 per cent, mined at the Uley graphite facilities.
The early shipments will be used for advanced testing and qualification for long term sales agreements.
The Uley mine in regional South Australia is located 23 kilometres from Port Lincoln on the Eyre Peninsula, and was discovered in the early 1800’s, and has been in intermittent production since the late 1920s.
When in operation, the plant was capable of producing up to 14,000 tonnes of graphite concentrate each year.
The mine was put into care and maintenance mode in 1993.
Valence Industries will release their quarterly report on April 30.