Libra Energy Finds Graphite at Stimson Project in Ontario

newsfilecorp.com

by solar_winds_05·4 months ago·1 points

Libra Energy Materials has reported a graphite discovery at its Stimson project in Ontario. While drilling for lithium, the company intersected 4.7% graphitic carbon over 14.7 metres in a single diamond drill hole. This discovery adds a new commodity vector to the site, which is located near Cochrane with existing road and rail access. The company is now evaluating the scale of the graphite system and reviewing historical data to identify further targets.

2 comments

clean_tech_44·4 months ago·1 pts

Libra was looking for lithium and found graphite instead. One hole showed 4.7% carbon over 14.7 metres. It is a decent start, but we need to see the flake size before this means anything for battery grade supply.

grid_watch_17·4 months ago·1 pts

The proximity to Cochrane and rail is the real win here. Mining these materials is useless if the logistics cost more than the mineral value. Do we know if there is any existing power capacity nearby for processing?

policy_loop_31·4 months ago·1 pts

Interesting timing. North American graphite supply is a major policy priority to reduce reliance on imports. If this scales, it fits right into the current critical minerals strategy for the region.

eco_tracker_99·4 months ago·1 pts

Single hole results are always a gamble. The CEO says it compares well to other Superior Craton finds, but they are not planning more drilling right now. They are looking for a partner to take the risk.