Valence Industries - First Graphite Shipment Leaves Port Lincoln
26.03.2015 | ABN Newswire
delaide, Australia (ABN Newswire) - Valence Industries Ltd. (ASX:VXL) is pleased to announce that the first export quantity of graphite was today transported via truck from the Company's Uley Graphite(TM) site in Port Lincoln, South Australia.Approximately 20 tonnes of flake graphite was trucked from Port Lincoln to Valence Industries' Port Adelaide logistics handling facility in preparation for export.
This first shipment contains a range of flake graphite production taken from the commissioning program for Valence Industries' existing processing facility in Port Lincoln.
The production rate and the manufacture of a wide range of graphite products will increase materially as the plant moves through its commissioning and production ramp up program to its targeted output rate of 14,000 tonnes per annum.
During this program, Valence will continue to match graphite production to meet customer requirements with customer demand ranging from refractories and foundries through to battery and biomedical applications for volumes equal to the first 12 months of production. Due to confidentiality and commercial requirements, Valence Industries is not able to disclose specific customer details.
ULEY GRAPHITE(TM) PRODUCTION UPDATE
Commissioning of Valence Industries' Uley Graphite(TM) plant commenced on 25 December 2014.
The processing of the first ~1,500 tonnes of the run-of-mine stockpiles has been completed and has allowed Valence Industries' to achieve key commissioning milestones including:
- Capacity testing for processing of raw material and new graphite production
- Preparation and packaging of a range of flake graphite products for export
- Ongoing construction of waste water containment dams
Valence Industries continues to calibrate the plant and equipment including the program to meet regulatory process waste water management requirements. The commissioning program and production ramp up phase remain on schedule for completion by the September quarter of 2015, when it will reach the targeted rate of production of 14,000tpa.
To view photographs, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-VXL-850013.pdf
About Valence Industries:
Valence Industries Ltd. (ASX:VXL) is an industrial manufacturing company producing high grade flake graphite products for distribution and sale to global markets. Valence Industries owns established processing facilities and infrastructure to manufacture a wide range of graphite product lines for multiple applications and multiple industries. Valence Industries produces and sells its graphite products from its Uley Graphite facilities in regional South Australia for delivery to diversified markets for graphite in the Asia Pacific, Europe and North America.
Contact:
Valence Industries
Corporate Headquarters
Investor Relations
+61-8-8418-8564
info@valenceindustries.com
www.valenceindustries.com