Begins Trading Today on the Australian Securities Exchange
Sydney, Jan 6, 2014 AEST (ABN Newswire) - Valence Industries (
ASX:VXL) will begin trading today on the Australian Securities Exchange under the ticker code "VXL". Valence Industries plans to restart operations at the world-class Uley Graphite Project on the Eyre Peninsula in South Australia.
Uley Graphite Project
Located 23 kilometres from Port Lincoln, the regional centre for the Lower Eyre Peninsula in South Australia, Uley is recognised as a substantive and significant area of graphite mineralisation and one of the largest coarse flake graphite deposits in the world.
The area surrounding Uley has a strong historical connection to the production of graphite, having been mined in the area since the early 1900's. The Uley Graphite plant that was previously capable of producing up to 14,000 tonnes of graphite per year is in need of some refurbishment to become fully operational again, after it was shut down, and put into care and maintenance in 1993.
The deposit contains disseminated, high-grade flake graphite and the mineralisation is near surface, with the graphite produced from the former operation accepted by many traders for its high quality.
About Valence Industries Ltd
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. Visit Valence Industries
| ||
|
