Valence Industries Ltd (ASX:VXL) (OTCMKTS:VLQXF) is Australia's only graphite company. Valence Industries will mine, process and sell flake graphite products from its Uley GraphiteTM facilities near Port Lincoln, South Australia for supply to global customers with an expansion program and focus on advanced high-margin product development.
Valence Industries Ltd (ASX:VXL) is pleased to announce that it has signed a binding three year multi-product graphite sales contract with a new customer. The contract with this Asia Pacific based customer is significant as it provides for sales in excess of US$50 million (A$67.6M) over the next three years.
Valence Industries Ltd (ASX:VXL) is pleased to provide an update on operations at its Uley Graphite(TM) site in South Australia. The removal of overburden from Uley Pit 2 has commenced at site. This preparatory work on Uley Pit 2 has exposed clearly delineated areas of visible graphite mineralisation near surface at the northern end of the new pit.
Valence Industries (ASX:VXL) (OTCMKTS:VLQCF) is pleased to provide an update on graphite production at Uley in South Australia. The production throughput rate at the Company's Uley Graphite(TM) processing plant in South Australia has increased progressively since commencement of production in mid June 2015.
Valence Industries Limited (ASX:VXL) (OTCMKTS:VLQCF) is pleased to announce that pursuant to the syndicated debt facilities agreed with Singapore based Chimaera Capital Markets Pte Ltd (CCM) and announced on 1 May 2015, the Company will draw down an amount of A$3 million in bridge financing with up to a further A$0.5M available under that bridge.
Valence Industries (ASX:VXL) (OTCMKTS:VLQCF) is pleased to announce it has commenced operational graphite production at its Uley Graphite(TM) site in South Australia. The Company is planning for flake graphite production rates, quality and consistency to increase progressively over the coming weeks to the nameplate capacity of 14,000 tpa from September 2015.
Valence Industries (ASX:VXL) is pleased to advise it has received regulatory approval for a modified process water pond system at its Uley GraphiteTM facilities to be operated in accordance with the existing PEPR (Program for Environment Protection and Rehabilitation).
