The purpose of the pilot plant is to confirm the results obtained following the LCT test program and also to produce marketing samples of graphite flake for end user evaluations and generate graphite raw materials for second transformation testing. Pilot plant test results are pending.
Focus President and CEO Gary Economo said: "These latest results continue to confirm that Lac Knife is an exceptional flake graphite deposit. These increased recovery levels are resulting in a very high carbon content for all of the concentrates produced, even for the finest (-200 mesh) graphite flake concentrate which could provide a low cost raw material that can potentially be upgraded further to meet the specification limits of high purity carbon that the lithium-ion battery manufacturers require. This will further our discussions with potential end users for off-take agreements. It supports our focus on the lithium-ion battery market for high technology transportation and energy applications which is an objective of the Quebec Government. This will also allow us to use the much higher-priced large graphite flakes for other high-technology applications."
All carbon analyses were performed by SGS and are reported as total carbon ©. The analytical methods that were used to determine the metallurgical results on the final concentrates included double loss on ignition analysis (double LOI) and total carbon analysis by Leco. The lower grade tailings products were analyzed by the graphitic carbon method to discount the organic carbon and carbonate carbon in the samples.
About SGS Metallurgical Services (Lakefield)
SGS Canada Inc. ("SGS") is recognized as a world leader in the development of flow sheets and pilot plant testing programs. SGS' Metallurgical Services division was founded over half a century ago. Its metallurgists, hydro-metallurgists and chemical engineers are experienced in all the major physical and chemical separation processes utilized in the recovery of metals and minerals contained in resource properties around the world.
About Focus Graphite
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Cote-Nord region of northeastern Quebec. The Lac Knife project hosts a NI 43-101 compliant Measured and Indicated mineral resource of 4.972 Mt grading 15.7% carbon as crystalline graphite with an additional Inferred mineral resource of 3.000 Mt grading 15.6% crystalline graphite. Focus' goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On October 29th, 2012 the Company released the results of a Preliminary Economic Analysis ("PEA") of the Lac Knife project which demonstrates that the project has an excellent potential to become a producer of graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus invests in the development of graphene applications and patents through Grafoid Inc.
The information pertaining to the metallurgical test program completed by SGS that is presented in this news release has been reviewed and approved by Mr. Oliver Peters, M.Sc., P.Eng, MBA, SGS Canada Inc. Consulting Metallurgist. Mr. Peters has extensive experience in the development of metallurgical processes and has managed the majority of the graphite testing programs conducted at SGS in recent years.
This news release has been reviewed and approved by Mr. Jeff Hussey, P.Geo. (Quebec), he is the VP Project Development for Focus Graphite and a Qualified Person under National Instrument 43-101 guidelines.
Forward Looking Statements - Disclaimer
This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. Focus Graphite disclaims any intention or obligation to revise or update such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Focus Graphite Inc.
Mr. Gary Economo
President and Chief Executive Officer
613-691-1091, ext. 101
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