Gratomic advances graphite processing plant in Namibia, warns of project risks
(Kitco News) - Gratomic (TSXV:GRAT)(OTCQX:CBULF) announced that it has officially started the commissioning phase of its processing plant in Aukam, Namibia. Commissioning will begin with the crushing circuit and progress throughout the other areas of the plant systematically in order of progression.
Gratomic said it is currently entering into Direction Testing (C2 phase) of the equipment composing the crushing circuit of the plant. This stage consists of energizing the equipment and ensuring it rotates in the right direction, stroking the control systems, calibrating instruments and verifying protections.
"It is essential that we proceed with the necessary steps of commissioning, according to engineering good practices, before the plant becomes operational, and our team in Aukam has been employing all available resources in order to complete this crucial milestone", said Armando Farhate, COO & Head of Graphite Marketing and Sales.
The company added that no mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam property. Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved, noted Gratomic.
Established in 2014, Gratomic is focused on the proposed production of low-cost mine to market carbon-neutral, eco-friendly, high purity vein graphite to be provided to the EV and Energy Storage supply chains. Gratomic is anticipating full operational capabilities in 2021.