Developing the World-Class Caula Vanadium Graphite Project
Investor Presentation October 2018
Sydney, Oct 24, 2018 AEST (ABN Newswire) - New Energy Minerals Ltd (
ASX:NXE) (GGY:FRA) provides the Company's latest Investor Presentation.
BUILDING STRONGER, SAFER BUILDINGS
- Graphite is a key material in the expandable graphite market, which is widely used in the next generation of fire-retardant material building materials.
- With China forecasted to require a total of 40Mtpa of fire-retardant building materials per year, and 5% of this product being made of Graphite, this equates to 2 million tonnes of high quality large-flake graphite per year being consumed by the Chinese construction industry alone.
- To add context, it is estimated total global production of flake graphite in 2016 was approximately 860,000 tons with only a proportion of this material used to generate expandable graphite.
- It is commonly understood that China's coarse flake graphite reserves have largely diminished, and supply is also under threat by environmental restrictions forcing mine closures.
- The Caula project has significant capacity to supply this market and exceptional flake size distribution with >63% of concentrates larger than 180 microns @ 97% to 98% TGCC. New Energy Minerals has initiated further testing on its 180+ concentrates to assist with offtake discussions.
To view the full presentation, please visit:
http://abnnewswire.net/lnk/E6YP3K7Q
About New Energy Minerals Ltd
New Energy Minerals Ltd (ASX:NXE) (FRA:GGY) is an ASX listed junior mining company, that recently announced the divestment of the Company's Caula vanadium - graphite project and the Montepuez Ruby project in Mozambique.
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