Valence Industries (ASX:VXL) Signs New Flake Graphite Sales MOUs
Valence Industries Limited (ASX:VXL) has signed multiple new Memoranda of Understanding (MOUs) for flake graphite sales in excess of 80,000 tonnes over 2 or more years.
Valence Industries Limited (ASX:VXL) has signed multiple new Memoranda of Understanding (MOUs) for flake graphite sales in excess of 80,000 tonnes over 2 or more years.
Valence Industries Limited (ASX:VXL) (ASX:VXLO) (the Company) continues to refine its understanding of the geology and mineralisation at its flagship Uley Graphite project. The Uley Graphite project is recognised as a significant area of graphite mineralisation, and one of the largest coarse flake graphite deposits in the world.
Valence Industries Limited (ASX:VXL) (VXLO) ("Valence" or the "Company") previously identified 74,000 tonnes of run of mine stockpiles at the Company's Uley graphite mine site, classified as a Mineral Resource. Recent analysis has reassessed the nature of additional material previously understood to be overburden from historical mine records.
Valence Industries (ASX:VXL) makes first sale of flake graphite from Australia in 20+ years from its Uley Graphite facility and develops the Bankable Feasibility Study to significantly expand production capacity.
Valence Industries Limited (ASX:VXL) continues the re--commissioning and upgrading of the Company's existing graphite manufacturing facilities at Uley near Port Lincoln in South Australia.
Maersk Oil, a wholly owned subsidiary of Copenhagen's AP Moller-Maersk AS, has decided to write off US$1.7 billion of investments in the Wahoo and Itaipu oil fields, while divesting its ownership in the Polvo field.
Hudson Resources Limited has accepted Sovereign Gold Company Limited's (ASX:SOC) (Sovereign Gold) offer for its Mount Adrah shares and options bringing Sovereign Gold's interest in Mount Adrah Gold Limited (Mount Adrah) to 95.9%.