Annual Financial Report
Adelaide, Sep 5, 2014 AEST (ABN Newswire) - Valence Industries' (
ASX:VXL) Uley Graphite project is recognised as a significant area of graphite mineralisation, and one of the largest coarse flake graphite deposits in the world. Graphite at Uley occurs in weathered schist and gneiss which is a result of highgrade metamorphism of the carbonaceous sediments of the lower Middleback Subgroup which are tightly folded along the hinge of a regional, north-plunging anticline. The deposit contains disseminated, high-grade flake graphite and the mineralisation is near surface, with the final manufactured graphite products recognised and purchased by many customers for its high quality. Valence Industries started the year with:
- an established JORC (2012) Indicated and Inferred Mineral Resource of 6.4Mt at an average grade of 7.1% graphitic Carbon; and
- run of mine stockpiles in the vicinity of 74,000 tonnes.
The programs at site over the year conducted by the Technical Delivery team at Valence Industries have transformed the Company's understanding of its existing resources at site.
To view the annual report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-VXL-816532.pdf
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
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