Early Stage Graphite Mining Stocks
One early stage company we are closely following is First Graphite (FGR.V) who recently acquired the historic Henry Project in Saskatchewan, which is close to Noble Bay Mining’s and Strike Graphite’s Deep Bay Projects.
This project has had work done on it for several decades and it is known that there is about 30 meters of graphite content.
However, the graphite was never developed due to cheap Chinese exports and low prices.
The First Graphite team has been diligently working to acquire quality large flake graphite projects with the Zimtu Capital(ZC.V)team. Zimtu is one of the early pioneers in the graphite space and is way ahead of the curve researching prospective projects for emerging graphite companies.
First Graphite is going to begin a electromagnetic survey that will examine the entire project and update the findings that were done decades ago. The results from this survey should be released soon. They are doing all the preparations which are needed to begin an exploratory drill program in the third quarter of 2012.