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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.

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