TIDMSTGR

RNS Number : 1020N

Stratmin Global Resources PLC

14 May 2015

14 May 2015

StratMin Global Resources Plc

("StratMin" or the "Company")

Consistent 94% Carbon in Graphite Production Achieved at Lohorano

StratMin (AIM: STGR), the graphite mining and production company with assets in Madagascar, announces it has achieved an overall average carbon grade of 94.3 per cent in production carried out over an eight day period. The plant has been taken through a series of performance improvements since commissioning and is now steadily producing at grades in excess of 94 per cent Carbon, as required to achieve premium pricing under the Company's current off take agreement.

Mill Trials

The Company installed new milling equipment at the Lohorano property in March which was trialled over the following month and has been operating with average grades consistently at 94 per cent carbon. The team has managed to avoid significant flake size degradation usually associated with excess milling, retaining over 50 per cent of the total run of production as large and jumbo flake.

Average grade range by flake size were as follows over the period:

 
           Carbon Content by Mesh Flake Size 
  +40    -40 +50   -50 +60   -60 +80    -80    Overall 
        --------  --------  --------  ------  -------- 
 94.9%    94.3%     94.0%     93.6%    94.3%    94.3% 
        --------  --------  --------  ------  --------

The company has identified further improvement opportunities and expects the large flake proportion to increase along with grade improvements as the process is further optimised.

Manoli Yannaghas, StratMin's Managing Director, commented:

"Producing 94 per cent carbon consistently further validates the commercial viability of the Lohorano mine and plant. In particular, it should be noted that all 94 per cent carbon produced by StratMin is purchased under the under the terms of our existing off take agreement.

"As we have outlined in recent announcements, the team has demonstrated that it is able to increase volumes with the existing plant. This increase in carbon content means that all the graphite we produce is now profitable, something that makes Stratmin stand out amongst its peers."

Please see link below for audio interview with Manoli Yannaghas, Managing Director:

https://www.youtube.com/watch?v=qeM4o4ArEKg

Competent Person's Statement

The information in this announcement that relates to the production and sales figures has been reviewed by Mr. Neville Cowin, C.Eng, BSc (Eng), ARSM, MIMMM registration (C.Eng 325393). Mr. Cowin is an independent consultant with over 40 years of production experience, and works with the Company to advise on improving performance at the plant. Mr. Cowin is a "Qualified Person" as defined in the AIM Note for Mining Oil & Gas Companies - June 2009, of the London Stock Exchange. Mr. Cowin consents to the inclusion of the information in this release in the form and context in which it appears.

Enquiries

For further information please visit www.stratminglobal.com or contact:

 
                                         +44 (0) 20 
 StratMin Global Resources Plc            3691 6160 
 Manoli Yannaghas (Managing Director) 
 
 Strand Hanson (Nominated & Financial 
  Adviser)                               +44 (0) 20 
  James Spinney / Ritchie Balmer          7409 3494 
 
                                         +44 (0) 20 
 Beaufort Securities (Sole Broker)        7382 8311 
 Elliot Hance 
 
 Blytheweigh (Financial PR)              +44 (0) 20 
  Halimah Hussain / Megan Ray             7138 3204

-ends

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The company news service from the London Stock Exchange

END

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