Valence Investor Presentation - May 2015
Perth, May 11, 2015 AEST (ABN Newswire) - Valence Industries (
ASX:VXL) Valence Investor Presentation - May 2015: Graphite production and exports have commenced from the existing plant.
- Production to increase to 14,000 tpacapacity by Q3 CY 2015
Funding now in place for expansion strategy
- Debt facility for US$75m and new equity up to A$11.4m
Expansion program includes
- New high grade open pit mine
- Increasing graphite processing capacity to 64,000 tonnes p.a.
- New Materials Handling facility
- New Advanced Manufacturing plant
Revised strategy applies additional capex to increase production of higher margin product
- Advanced Manufacturing product to increase from 5% to 40% of total production
50% increase in graphite resource announced based on 35% of current drill program
- Resource & Ore Reserves upgrades to be announced progressively to Sept 2015
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-VXL-856990.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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