Focus Graphite Appoints Donald K. D. Baxter, P.Eng., President & Chief
OTTAWA, ONTARIO -- (Marketwired) -- 09/13/13 -- Gary Economo,
President and CEO of Focus Graphite Inc. (TSX
VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is pleased to announce the
appointment of Mr. Don Baxter as President and Chief Operating
Officer. His appointment is effective immediately. Mr. Economo will
continue as Chief Executive Officer.
Mr. Baxter served as President of Northern Graphite Corporation
between February 2, 2011 and July 8, 2013 and was responsible for all
technical aspects relating to the Bissett Creek graphite project
including the bankable feasibility study, metallurgical test work and
environmental and mine permitting.
He also served as Mine Superintendent at the Kearney Graphite mine
when it operated in the 1990s. Mr. Baxter served as a Director of
Mining at Ontario Graphite Ltd. He holds a BSc. (Eng.) degree in
mining engineering from Queen's University, is a Registered
Professional Engineer and a Qualified Person under NI 43-101.
"Mr. Baxter's appointment completes our world class management team
as we move towards Lac Knife's full development," Mr. Economo said.
"The timing of Don's departure from Northern Graphite coincided with
our long-planned corporate moves. The coincidental timing of his
availability and the finalization of Lac Knife's pilot floatation
plant results were propitious. We're very pleased to have Don as a
member of the Focus team," Mr. Economo added.
Mr. Baxter joins Dr. Joseph Doninger, Director of Manufacturing and
Technology, Dr. Benoit Lafrance, Vice President Exploration, Mr. Jeff
Hussey, Vice President Project Development of Lac Knife, Mr.
Marc-Andre Bernier, Focus Director and Qualified Person, Dr. Gordon
Chiu, Chief Scientist, and Ms. Judith Mazvihwa-MacLean, Chief
Lac Knife mine design engineering was contracted to Roscoe Postle
Associates (RPA) in May 2011, and Quebec-based Terrapex Environmental
Ltd. was retained in November 2012 to assist with federal and
provincial project permitting for Lac Knife.
The results of the Lac Knife pilot floatation plant published Aug.
21, 2013 confirmed Lac Knife's standing as a world-class deposit.
Highlights of the pilot floatation plant t
est results reported by SGS
Canada Inc. included:
-- The average grade of the coarse size fraction that is greater than 80
mesh (39%) was 98.3% Ct (carbon content) compared with 97.4% Ct in the
Phase 2 Locked Cycle Tests(ii) ("LCTs")
-- The average grade of the medium size fractions, less than 80 mesh and
greater than 150 mesh in size(27.2%), was 98.2% Ct compared with 97.4%
Ct in the Phase 2 LCTs
-- The average grade of the size fraction greater than 200 mesh and less
than 150 mesh (14.1%) was 98.0% Ct compared with 97.2% Ct in the Phase 2
The average carbon content of the pilot floatation plant campaign was
96.6% Ct compared to 96.4% Ct reported in the Company's July 9, 2013
press release on the final results of the Phase II LCTs.
Mr. Baxter will receive options to purchase 500,000 common shares of
Focus at an exercise price of $0.49 per share until September 13,
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 Indicated Mineral Resource Estimate of 4.9
million tons grading 15.8% graphitic carbon (Cgr) as crystalline
graphite with an additional Inferred Mineral Resource Estimate of 3.0
million tons grading 15.6% Cgr of 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 Assessment
("PEA") of the Lac Knife Project which demonstrated that the project
has an excellent potential to become a graphite producer. As a
technology-oriented enterprise with a view to building long-term,
sustainable shareholder value, Focus also invests in the development
of graphene applications and patents through Grafoid Inc.
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
Chief Executive Officer
613-691-1091, ext. 101
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