Valence Industries has announced that it has signed an agreement for the first graphite to be sold in Australia in the last 20 years.
Archer Exploration expects to have completed the pit design for their South Australian graphite project at Campoona by the end of May.
Results from the drill program at Archer’s Campoona graphite project have come in positive, confirming high grade mineralisation across the prospect.
The South Australian resource industry will receive a significant boost with $800,000 allocated to the new Graphene Research Centre.
Australia’s only graphite mine is set to reopen with Valence Industries today listing on the ASX in preparation for the restart of Uley mine.
Gearing up to restart production at its Uley mine early next year, Strategic Graphite Limited is looking to raise up to $10 million in a rights issue and share placement.
A pilot graphite plant worth $1.94 million could be up and running on South Australia’s Lower Eyre Peninsula by the end of the year.
A spate of new graphite discoveries on South Australia’s Eyre Peninsula has mining companies upbeat about future prospects for the region.