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focus graphite inc (FMS) Snapshot

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08/12/14 - C$0.69
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focus graphite inc (FMS) Details

Focus Graphite Inc., a junior mining development company, engages in the acquisition, exploration, and development of mineral properties primarily in Québec, Canada. It primarily explores for graphite, rare earth elements, copper, nickel, platinum, palladium, and base metal deposits. The company owns interests in the Lac Knife graphite deposit that comprises 57 map-designated claims covering 2,986.31 hectares and is located to the south-southwest of Fermont town, Côte-Nord region. It also has interests in the Kwyjibo polymetallic Iron-Rare Earth Elements-Copper-(Gold) property, which consists of 118 map-designated claims covering 6,278 hectares and is located to the northeast of Sept-Îles, Côte-Nord administrative district; and the Romer & Labrador Trough project that comprises 13 properties covering approximately 668 square kilometers and is located in Quebec. The company was formerly known as Focus Metals Inc. and changed its name to Focus Graphite Inc. in May 2012. The company was incorporated in 1998 and is based in Ottawa, Canada.

Founded in 1998

focus graphite inc (FMS) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: C$451.7K
President and Chief Operating Officer
Total Annual Compensation: C$8.3K
Chief Financial Officer, Treasurer and Secret...
Total Annual Compensation: C$195.8K
Compensation as of Fiscal Year 2013.

focus graphite inc (FMS) Key Developments

Focus Graphite Inc. Presents at 4th Graphite & Graphene Conference, Dec-10-2014 09:00 AM

Focus Graphite Inc. Presents at 4th Graphite & Graphene Conference, Dec-10-2014 09:00 AM. Venue: Hilton Berlin, Mohrenstraße 30, 10117 Berlin, Germany. Speakers: Donald K. D. Baxter, President and Chief Operating Officer.

Focus Graphite Confirms New Zone At Lac Tetepisca Project Southwest of the Manicouagan Reservoir in Québec

Focus Graphite Inc. announced that significant widths of graphitic mineralization ranging from 95 to 110 meters in thickness were intersected in a new zone at its wholly owned Lac Tétépisca Project southwest of the Manicouagan reservoir in Québec. Four fences of holes were spaced 200 metres apart, covering a 600-metre strike length of this new zone in a drill program designed to test surface mineralization found in trenches down to a vertical depth of approximately 100 metres. The "Manicouagan-Ouest graphitic corridor" was discovered by Focus in 2012 and then exposed and channel sampled in two trenches in the fall of 2013. Assays up to 88.5 m at 12.82 % graphitic carbon ("Cg") and 84 m at 11 % Cg were obtained. This summer Abitibi Geophysics of Val-d'Or, Québec, completed a combined magnetic-electromagnetic ground IMAGEM geophysical survey that covered 47 km of grid-lines over the "Manicouagan Ouest graphitic corridor". This time domain IMAGEM geophysical system has a high spatial resolution to allow for a more detailed analysis of the EM conductors within the anomalous zone. The graphitic corridor is outlined by EM anomalies that are very well explained by the trenching and drilling results, and the drill intercepts correlate very well with EM anomaly boundary. The discovery zone that was drilled has a geophysical signature that extends for more than 200 m to the northeast and over 700 m to the southwest for a total strike length of 1,500 metres, and it is also open at depth.

Focus Graphite Announces Feasibility Study Reports for Lac Knife Project

Focus Graphite Inc. announced to report the results of its Feasibility Study for the Lac Knife Project performed by Met-Chem Canada Inc. Results from the FS indicate that the Lac Knife Project is viable economically with a Base Case scenario that includes a concentrator production line rate of 44,300 tonnes of concentrate annually at an average mill feed rate of 323,670 tonnes per year of Mineral Reserves over a 25-year mine life. A concentrator availability of 93% was used for the study. The additional Measured, Indicated, and Inferred Resources will continue to be evaluated to develop the mid and long term growth profile for the company. The annual milling capacity is 323,670 tonnes per year to produce 44,300 tonnes of concentrate annually at a cost of $441 per tonne of concentrate. The concentrate will grade 97.8% Graphitic Carbon ("Cg") on average for a 25-year open pit mine life based on current open pit reserves. All graphite concentrate produced with flakes larger than 200 mesh contain more than 98% Cg. The FS is based on the Pilot Plant test work run by SGS Mineral Services in Lakefield, Ontario. The concentrator process flow sheet is based on standard flotation circuits followed by a series of polishing mills that upgrade the carbon content by cleaning impurities present in the ore that are generally found on the graphitic carbon flake surfaces of the Lac Knife mineralization. Pilot Plant recovery was 91%, full scale, consistent operations should improve on the mill process recovery. Flake size distribution is expected to increase in favour of larger flake as the full scale plant will start with a SAG mill which is better suited to mitigate flake damage as opposed to crushing and grinding methods used in the pilot plant. Lac Knife is unique in that all natural flake graphitic concentrates produced with flake size above 200 mesh (75 microns) size are more than 98% Cg. This allows Focus to divert finer sized products that would typically be difficult to sell due their flake size to higher value added products such as spherical graphite for batteries due to the high carbon content of 98% carbon. The open pit design includes 429 kt of Proven Reserves and 7,428 kt of Probable Reserves for a total of 7,857 kt of Proven and Probable Mineral Reserves grading 15.13% Cg. The Mineral Reserves which account for mining dilution and ore loss are reported at a cut-off grade of 3.1% Cg. In order to access these reserves, 2,746 kt of overburden, 10,926 kt of waste rock and 231 kt of Inferred Mineral Resources must be mined. This total waste quantity of 13,903 kt results in a stripping ratio of 1.8 to 1. Table 2 presents the Lac Knife open pit mineral reserves that were estimated for the FS. The remaining Measured and Indicated Resources within the Lac Knife deposit will help to develop the mid and long-term growth profile for the company. A pit optimization analysis was carried out using the MS-Economic Planner module of MineSight® which ran the Lerchs-Grossmann algorithm to determine the economic limits of the deposit. The analysis showed that the open pit design for the Feasibility Study should be based on a 25-year mine life that includes approximately 82% of the Measured and Indicated Mineral Resources. The open pit design incorporates 10 m high benches and follows the pit slope recommendations from the 2014 geotechnical investigation. The pit is 700 m long and 400 m wide at surface and has a maximum pit depth of 100 m. Mining will be carried out by a mining contractor who will use conventional open pit mining methods that include drilling and blasting followed by a hydraulic excavator loading a fleet of 46-tonne haul trucks. The mine will be operated seasonally (7 months of the year) and a front-end wheel loader will be used to feed the processing plant from an ore stockpile during the winter months.


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