Sign up Australia
Proactive Investors - Run By Investors For Investors

Peninsula Mines managing director demonstrates confidence in integrated graphite strategy

Jon Dugdale has acquired a further 400,000 shares on-market, taking his total holding to 2 million.
A lithium-ion battery
The company aims to service South Korea’s large lithium-ion battery industry

Peninsula Mines Ltd (ASX:PSM) managing director has demonstrated his confidence in the company’s integrated South Korean graphite production and processing strategy by acquiring shares on-market.

Jon Dugdale has acquired a further 400,000 shares, taking his total holding to 2 million.

The value of the on-market purchase is $4,400.

READ: Peninsula Mines testing value-added spherical graphite processing capability in Korea

Peninsula’s primary focus is to serve the large lithium-ion battery industry in South Korea with quality battery-grade flake graphite mined and processed in-country.

South Korea is the world’s largest producer of lithium-ion battery technology, in which graphite plays an important role.

 

 

Peninsula intends advancing its Korean flake-graphite projects to resource delineation and development and, at the same time, securing supply of high-quality, low-cost, graphite from other sources.

This will allow the company to establish offtake agreements with Korean graphite end users in the Li-ion battery and other high-technology graphite markets, including non-flammable building materials.

Positive test work

Grind and flotation tests on 50-kilogram samples from the Yongwon and Daewon projects produced results suggesting the graphite may be suitable for lithium-ion battery spherical graphite production.

Metallurgy is in progress for the Eunha and Gapyeong flake graphite projects while drilling planned for the projects will target maiden JORC graphite resources.

View full PSM profile View Profile

Peninsula Mines Ltd Timeline

Related Articles

1520397699_Capture.JPG---rvr.JPG
March 07 2018
Production at Thalanga is forecast to grow more than 50% between 2018 and 2019.
Drilling rig at Mt Venn project
May 09 2018
The project is 30 kilometres west of the Gruyere gold deposit in the Eastern Goldfields district of Western Australia.
mine workers
March 31 2018
Kazera Global is now mining more tantalum more efficiently, and the buyers are beginning to come in

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use