FMS - Focus Graphite - WKN A1C7E4

June 29, 2012 08:30 ET
Focus Graphite Commences its 2012 Lac Knife Drilling Program

OTTAWA, ONTARIO--(Marketwire - June 29, 2012) - Focus Graphite Inc., (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) "the Company," is pleased to announce the start of its 2012 infill and exploration drilling program at it's Lac Knife, Quebec graphite property.

Some 5,000 meters of infill drilling is planned with the aim of upgrading its existing inferred resource to indicated resource. An additional 2,500 meter exploration drill program is designed to test a number of targets outside the existing resource on the Lac Knife property, including immediate lateral extensions of the deposit.

The results of the 5,000 meter program will be used to revise and upgrade the company's 4.9 million tons at 15.8% Cgr indicated (Carbon as graphite) and 3.0 million tons at 15.6% Cgr inferred NI 43-101 compliant resource estimate published in December 2011.

The 2,500 meter exploration drill program will test high priority surface graphite prospects identified from historic information and geophysical EM anomalies in the Southern lateral extension of the deposit.

"Based on the historic, early exploration information we inherited from Lac Knife's previous owners, there are clear indications our property may hold substantially larger volumes of graphite than our deposit holds," said Gary Economo, President and CEO of Focus Graphite.

"Lac Knife deposit remains open in all directions and at depth and we anticipate that our drilling will permit us to upwardly revise our resource estimate at the end of the program," he said.

Focus Graphite Vice President, Exploration, Mr. Tony Brisson, is the Qualified Person, as defined by National Instrument 43-101 and has approved this news release.
 
Focus Clarifies Disclosure on its Lac Knife Project


OTTAWA, ONTARIO--(Marketwire - Sept. 10, 2012) - As a result of a review by the staff of the Ontario Securities Commission (the "OSC"), Focus Graphite Inc. ("Focus" or the "Company") (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is issuing the following news release regarding its disclosure on the Lac Knife Project (the "Project"). Indeed, the Company has been notified by the OSC of its recent selection for a review of its continuous disclosure record, the whole conducted under Section 20.1 of the Securities Act (Ontario).

The OSC has advised the Company that it is of the view that Focus has disclosed, in numerous documents, the outcomes on a study that includes the economic analysis of the potential viability of mineral resources on the Project that is not supported by a technical report as required by National Instrument in 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). The OSC is therefore of the opinion that the Company is in default of filing the required technical report triggered by the disclosure made by the Company on the Project.

The disclosure referred to in the OSC comment letter is found on the Company's website (namely in the section containing information on the Project), and in various other documents such as an investor / broker update, presentations and speeches and the corporate presentation of the Company, all of which are available on the Company's website. Such documents contained, among other, information on the Project's capital cost, mine life, estimates on yearly production, production costs per ton and revenue potential. Most of this information was taken from historical reports prepared by previous owners of the Project before the introduction of NI 43-101 and should not be relied upon.

In January 18, 2012, the Company filed on SEDAR an NI 43-101 compliant technical report prepared by Roche Ltd. - consulting group, Tekhne Research and Bumigene Inc., which contained an updated resource calculation on the Project.

In light of the comments and concerns raised by the OSC, in light of the current resource estimate filed by the Company in January 2012 and considering that the Company is scheduled to file a Preliminary Economic Assessment on the Project within the next few weeks, the Company has reviewed its disclosure documents relating to the Project and has removed the technical information on the Project which is presently not supported by a current NI 43-101 compliant technical report. The Company will conduct a further review and update of these documents upon release of its Preliminary Economic Assessment on the Project.

Focus Graphite Vice President, Exploration, Mr. Tony Brisson, is the Qualified Person, as defined by National Instrument 43-101 and has reviewed this news release.
 
Schönes Deposit, aber PEA man wartet und wartet.
Schwaches Management!!
 
Focus Graphite Announces Positive Preliminary Economic Assessment of Lac Knife Project

OTTAWA, ONTARIO--(Marketwire - Oct. 29, 2012) - Focus Graphite Inc. ("Focus" or the "Company") (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) announces positive results of the Preliminary Economic Assessment ("PEA") on its Lac Knife Graphite Project ("Lac Knife" or the "Project"). The PEA was prepared by Roscoe Postle Associates Inc. ("RPA"), in collaboration with Soutex Inc. ("Soutex" - responsible for metallurgy and mineral processing) and demonstrates that the Project has robust economics and excellent potential to become a profitable producer of graphite. Highlights of the PEA are summarized below:

Operational Highlights:
Proposed Life of Mine production of 6.0 million tonnes (Mt) of mill feed at a grade of 15.66% graphitic carbon (Cgr), based on the initial Mineral Resource estimate disclosed on January 19, 2012
Mine Life of 20 years, open pit operation at 300,000 tonnes per year
Processing through a sequence of crushing, grinding, flotation, magnetic separation, thickening and drying, producing a primary concentrate of graphite of various grades and flake sizes
Tailings directed through sulfide flotation circuit in order to minimize the volume of acid-generating residues and to enable proper management of both acid-generating tailings and waste rock within a unique disposal site
Average graphite recovery of 91.3% at Lac Knife process plant
Life of Mine production of 928,000 tonnes of concentrate at 92% Cgr on average at Lac Knife, or approximately 46,600 tonnes of concentrate per annum (tpa)
Thermal purification upgrade of approximately 40% of the primary concentrate to 99.99% Cgr by an existing producer with inherent purification losses of 15%
Life of Mine Project production of 868,000 tonnes of concentrate at 93.5% Cgr on average, including 338,000 tonnes of high purity 99.95% Cgr product

Financial Highlights:
Exchange rate US$1.00 = C$1.00
PEA economics for the Project calculated based on graphite market prices of $10,000, $1,300, and $800 per tonne of battery grade (>99.95% Cgr, +100 mesh), medium grade (>90% Cgr, -100+200 mesh) and fine grade (>80% Cgr, -200 mesh) respectively, on a FOB mine basis
$246 million pre-tax Net Present Value (NPV) (at a 10% discount rate)
32% pre-tax Internal Rate of Return (IRR)
$926 million pre-tax undiscounted cash flow
$3.7 billion total net revenue
Pre-tax payback period of 2.8 years
$154 million initial capital cost, inclusive of $33 million and $24 million in working capital and contingency (25%), respectively
$68 per tonne average unit operating cost at Lac Knife
$435 per tonne average unit operating cost, assuming thermal purification on a contract basis
 
http://resourceswire.com/2012/11/putting-canada-on-the-map/#

Gary Economo Talks Focus Graphite’s Lac Knife Graphite PEA

Focus Graphite Inc V.FMS announced October 29 a preliminary economic assessment of its Lac Knife Graphite Project in Quebec. The PEA forecasts a mine life of 20 years with overall production of six million tonnes of mill feed grading 15.66% Cgr (carbon in graphite or graphitic carbon) with average graphite recovery of 91.3%. Life-of-mine production of 92% Cgr will be 928,000 tonnes at $435 per tonne. Thermal purification will enable the upgrade of approximately 40% of primary concentrate to 99.99% Cgr with inherent purification losses of 15%.
Based on per-tonne prices of $10,000 for battery grade (>99.95% Cgr, +100 mesh), $1,300 for medium grade (>90% Cgr, -100+200 mesh) and $800 for fine grade (>80% Cgr, -200 mesh), the pretax net present value (NPV) is $246 million (at a 10% discount rate); the pretax internal rate of return (IRR) is 32%; pretax undiscounted cashflow is $926 million; total net revenue is $3.7 billion; the pretax payback period is 2.8 years; and the initial CAPEX is $154 million with a 25% contingency.
President/CEO Gary Economo was interviewed by Kevin Michael Grace October 29.
RW: In your press release, you say that this is a great day for the Canadian graphite industry. Can you expand on that?
GE: Canadian graphite producers have been producing about only 20,000 tonnes a year, which is a very small percentage of world demand. I think having a graphite deposit that can potentially go into production in two to three years at the quality and volume that Lac Knife can produce will start to put Canada on the map as a major supplier of high-quality graphite.
RW: What do you consider the high points of your PEA?
GE: It’s a 32% pretax IRR, which is a very good number. The NPV is $246 million, again a nice number. The payback on this is about 2.8 years, and overall it’s a fairly easily financeable capital cost of $154 million. Our cost per tonne is $435, and we would sell that for $1,300 to $1,500. We’re able to keep those costs really low due to the fact that we have some of the best grades in the world. So it’s a very special deposit we have our hands on. We’ll be one of the highest-grade, lowest-cost producers of graphite in the world.
RW: How do you expect to fund the CAPEX?
GE: There are three different ways that we’ve been working on. Equity, convertible debt and some debt. And some of our offtake partners will be putting up deposits.
RW: Simon Moores says that how a company plans to process graphite and get it to the market will make or break it. How are you going to process it and get it to the market?
GE: We’ll be using fairly standard processing techniques, which will include crushing and flotation. That’s our plan, for the time being. We’re also working on some other technologies to enhance the quality of the carbon content in the ore before we actually put it through the flotation circuit. That will continue to reduce our costs on a per-tonne basis.
RW: Your press release talks about purification to 99.99%. How do you accomplish this, and what is the significance?
GE: There are a number of high-tech applications that use an extremely high-purity graphite mixture, such as the anodes for lithium-ion batteries. We have a licensing agreement with Hydro-Québec for technology to purify the material to 99.99%, but that is not part of this PEA. That will come later. In the meantime, a third-party company will thermally purify this material for us on a toll basis.
RW: You are also taking measures to reduce the environmental footprint of the project?
GE: The upfront process will reduce the amount of chemicals generated.
RW: Over the last year, graphite-company share prices have been quite inconsistent. How do you see the prospects for graphite in the near future?
GE: The market got a little bit excited by the electrification of the transportation industry and the numbers and projections being thrown around for graphite usage in that sector. This enthusiasm drove some pricing to places where maybe it shouldn’t have been. But the price of graphite has stabilized at a level that really makes sense for the industry. Companies that have good grades and can profit from existing price levels should do extremely well.
There will be less graphite produced in China, which should drive prices higher. But with deposits like ours coming onstream in a few years, I think we’ll offset that shortage. Graphite-demand growth should remain fairly stable at 8% to 10% per year.
RW: What is your path to production?
GE: Right now, the most important thing for us is to finish off all our permitting and get our offtake agreements signed and publicized. That will drive financing for this project. We expect to be able to do that within the next 24 months.
RW: How much cash do you have? What is your burn rate?
GE: We have approximately $20 million in cash, and we burn about $220,000 a month.
RW: Can you talk briefly about your other projects?
GE: We have a rare-earth project in Quebec we own 50/50 with SOQUEM called Kwyjibo.
RW: Is that a Simpsons joke?
GE: That’s where the name came from, yes.
RW: And your other one is in Brazil?
GE: No, the other one is actually in the Labrador Trough and it is an IOCG-type deposit [iron oxide copper gold ore]. The one you’re referring to in Brazil is the Canindé graphite project. We’re just finalizing an agreement with Lara Exploration V.LRA to acquire 60% of that.
RW: Where do you see your company in two years?
GE: We’ll have spun out or divested anything that is not graphite related. Hopefully, if the permitting gods in Quebec work to the schedules that we believe they can, we’ll be in production at Lac Knife, and we’ll have our facility set up in Quebec to produce high-purity graphite.
 
Focus Graphite Retains Terrapex Environnement to Assist With Federal and Provincial Project Permitting for Lac Knife

OTTAWA, ONTARIO--(Marketwire - Nov. 1, 2012) - Focus Graphite Inc. ("Focus" or the "Company") (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) announces it has retained the services of Québec-based Terrapex Environnement Ltd. ("TERRAPEX") to assist the Company in obtaining the required federal, provincial and municipal permits and authorisation to develop the Lac Knife graphite project ("Lac Knife" or the "Project") towards the goal of full commercial production. The Lac Knife project is located in the Côte-Nord region of northeastern Québec, 27 km south-southwest of the iron-mining town of Fermont.

The decision to commence permitting procedures follows one of the recommendations set forth in the Preliminary Economic Assessment ("PEA") of the Lac Knife project, the results of which were announced by the Company on October 29th, 2012. The PEA which was prepared by Roscoe Postle Associates Inc. ("RPA"), in collaboration with Soutex Inc., demonstrates that the Lac Knife project has robust economics and an excellent potential to become a profitable producer of graphite. The PEA is available on the Company's Website at www.focusgraphite.com and on SEDAR at www.sedar.com.
 
Thema Graphite

>>> http://grafoid.com/wp-content/uploads/2012/12/international-resource-journal-Grafoid.pdf
 
Fundamental Research Corp.

Kursziel FMS 1,44 Can $ / November 2012

>>> http://www.researchfrc.com/research/pdf/fms/FMS%20Update%20-%20Nov%202012.pdf
 
Focus Graphite Reports New Exploration Drilling Results at Lac Knife-66.8 m Grading 14.7% Cgr

OTTAWA, ONTARIO--(Marketwire - March 5, 2013)

Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("Focus" or the "Corporation") is pleased to report the results of the fall 2012 exploration drilling program on the Lac Knife Property (the "Property"), located in the Grenville Geological Province of northeastern Québec. Twelve (12) NQ-sized core holes (total: 1,384 m) were drilled to test the strike-length extension of the Lac Knife graphite deposit up to 375 m to the South of the deposit's West limb. The 12 exploration holes were spread over four (4) drill fences spaced 100 m apart.

Hole LK-12-170 drilled 175 m south of the deposit on Line 900 S returned the best graphitic carbon (Cgr) intersection (Table 1):
Hole LK-12-170: 66.8 m grading 14.68 % Cgr (from 54.9 to 121.7 m), including:
8.0 m grading 21.73% Cgr (from 54.9 to 62.9 m),
21.7 m grading 17.99% Cgr (from 70.0 to 91.7 m) and
21.3 m grading 18.22 % Cgr (from 100.4 to 121.7 m)

Significant graphite intercepts are still encountered up to 375 m south of the deposit as evidenced by Hole LK-12-174 drilled on Line 1100 S which intersected 20.9 m grading 19.31% Cgr (from 20.0 to 40.9 m), indicating that the deposit remains open to the south. All the significant intercepts (Cgr >5%) are summarized below in Table 1.

Focus Graphite President and CEO Gary Economo said: "Once again Lac Knife confirms its status and potential as a world-class and valuable, high-grade graphite property.

"The new drill results indicate a significant strike length extension south of our main deposit as well as in the continuity and thickness of grade - those key elements required for building additional tonnage," Mr. Economo said.

Focus Graphite's two-phase summer 2013 drilling program will further map the limits of the graphite deposit as well as test new ground geophysical anomalies on the property, Mr. Economo said.

Table 1: Summary of best graphitic carbon (Cgr >5%) drill core intersections from the 2012 exploration drilling program at the Lac Knife property.
The mineralization at Lac Knife is hosted in biotite-quartz-feldspar paragneiss and schist of the Nault Formation, in association with iron formations of the Wabush Formation. These are equivalent to the lower Proterozoic Labrador Trough rocks affected by the late Proterozoic Grenvillian orogeny. Metamorphism associated with the Grenvillian orogeny has resulted in the formation of economic grade concentrations of graphite dominated by value-enhanced large flakes.

The Lac Knife property comprises 57 map-designated claims covering 2,986.31 ha located in Esmanville Township (NTS map sheet 23B/11), 27 km south-southwest of the iron-mining town of Fermont, in the Côte-Nord administrative district of Québec. Focus acquired a 100% interest in the property in October 2010. Maps showing the location of the Lac Knife property as well as drill hole locations are available on the company's website at www.focusgraphite.com.

2012 Drill Program, Methodology and QA/QC

The fall 2012 exploration drilling program at Lac Knife comprised 12 NQ-sized core holes for a total of 1,384 m. The drilling program was designed to test the southern extension of the lac Knife graphite deposit over a total strike length of 375 m. Details of hole collars azimuth and dip as well as total length are provided in Table 1. The 12 holes were spread over four (4) 100m-spaced drill fences (800S, 900S, 1000S and 1100S). Each fence is comprised of three holes spaced 50 m apart with the exception of the hole LK-12-171 which is located 50 m north of fence 1000S due to land terrain conditions (see drill holes location map available on the company's website at www.focusgraphite.com). The complete set of section 800S, 900S, 1000S and 1100S are also available on the company's website.

The exploration drilling program at Lac Knife started in mid-September 2012 and ended on September 26. The drilling was performed by G4 Drilling of Val-d'Or, Québec under the supervision of IOS Services Géoscientifiques ("IOS") of Chicoutimi, Québec.

A total of 538 half-split NQ drill core samples were collected from all 12 holes and shipped to IOS for sample preparation (crushing and grinding). Once prepared, the samples were sent to the Consortium de Recherche Appliquée en Traitement et Transformation des Substances Minérales ("COREM"), an ISO/IEC 17025:2005 certified facility in Québec-City, for graphitic carbon (Cgr) analysis using LECO high frequency combustion method with infrared measurement (internal analytical code LSA-M-B10 for graphitic carbon; ISO 9686:2004). For the measurement of graphitic carbon, the sample is pre-treated with nitric acid, placed in a LECO capsule and introduced in the furnace (1,380ºC) in an oxygen atmosphere. Carbon is oxidized to CO2. After the removal of moisture, gas (CO2) is measured by an infrared detector and a computerized system calculates the concentration of graphitic carbon (Cgr). Total sulphur was also analyzed by LECO (code LSA-M-B41) (Table 1). For sulphur determinations, the sample is placed in a LECO capsule and introduced in the furnace (1,380ºC) until sulphur is oxidized to SO2. After the removal of moisture, gas (SO2) is measured by an infrared detector and a computerized system calculates the concentration of total sulphur (%).

Under the QA/QC program, 10% of the samples were analyzed by COREM for total (code LSA-M-B45), organic (code LSA-M-B58), inorganic (code LSA-M-B11) and graphitic (code LSA-M-B10) carbon as well as for total sulphur (a total of 48 core samples). Duplicates of the same 48 samples were also sent to ACTLABS Laboratories of Ancaster, Ontario (ISO/IEC 17025:2005 with CAN-P-1579) for graphitic carbon (code 5D - C Graphitic) and total sulphur (code 4F - S Combustion infrared detection) determinations and for 35 multi-element analysis using ICP methods (code 1E2 - Aqua Regia). IOS introduced 42 standards, 51 duplicates and 36 blank samples into the batch of core sample as part of the QA/QC program.

Summer 2013 Drilling Program

Focus is currently working on the design of a two-phase follow-up drilling program on the Lac Knife property for the summer of 2013. Phase I of this program will include infill drilling within the limits of the deposit defined by the NI 43-101 compliant mineral resource estimate (see Lac Knife PEA Technical Report available on Focus' website or at www.sedar.com). Phase II will consist of an exploration drilling program in order to test the geophysical anomalies identified during last fall's ground magnetic and horizontal loop electromagnetic (HLEM) survey done by G.L. Géoservice Inc. and interpreted by Geophysique Camille St-Hilaire Inc., both located in Rouyn-Noranda.
 
http://www.grafoid.com/our-story/mesograf/
 
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