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.
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.