This covers the work that Nextsource has accomplished at Mol This covers the work that Nextsource has accomplished at Molo.
https://investingnews.com/company-profiles/nextsource-materials-flake-graphite-madagascar/
and this part the quality of the graphite at Molo.
Excerpt...
Molo concentrate verified across multiple graphite markets
A number of the world’s leading graphite buyers and processors have validated Molo for all the top demand markets for graphite including refractories, batteries, foils and graphene. Various independent end-user tests have confirmed that the SuperFlake™ concentrate from NextSource Materials’ Molo deposit meets or exceeds the quality requirements for all these end-markets.
“As far as we are aware, NextSource Materials has completed some of the most extensive validation testing at the end-user stage compared to its peers and that has provided us a lot of traction with potential strategic partners,” said Nykoliation.
Refractories
The refractory market represents 50 percent of the global demand for flake graphite. Molo SuperFlake™concentrate has received positive results across all testing parameters from five of the world’s top refractory producers. This industry requires flake sizes of medium, large and jumbo. Nearly 79 percent of Molo SuperFlake™ is classified as medium, large or jumbo flake.
Graphite Foil
The graphite foil market is currently the fastest growing market segment for flake graphite and represents about 10 percent of total global demand. Graphite foils are used in smartphones and tablets, gasket materials in automotive, petroleum, chemical and nuclear industries, and conductive plates in fuel cells and vanadium redox batteries.
A leading European manufacturer of carbon-based products has proven that Molo SuperFlake™ can be successfully manufactured into a graphite foil. Independent testing has also verified that Molo SuperFlake™ meets all specifications and quality requirements for specialty graphite foil applications. For graphite foil, jumbo flake is the required manufacturer size. The Molo deposit is made up of 23.6 percent jumbo flake according to the feasibility study.
Lithium-ion batteries
The electric vehicle battery market is the second largest market segment for flake graphite, representing 25 percent of global demand; in fact, graphite is the anode material of choice in all batteries. In lithium-ion batteries, approximately 10 times more graphite is required than lithium itself. Based on demand forecasts for lithium-ion batteries, the demand for graphite in this market is projected to grow by about 10 percent per year.
Both a leading Japanese manufacturer of battery anode material and a top European supplier of spherical graphite for electric vehicles successfully manufactured spherical graphite from Molo SuperFlake™ and verified that met all specifications and quality requirements for lithium-ion battery anode material production.
Graphene
Results from verification testing by UK-based Haydale Graphene Industries PLC have validated the Molo deposit as a viable source of graphene nanoplatelets used in the development of graphene inks for printed and flexible electronics. Haydale Graphene Industries is a global leader in the processing and application of graphene nano-materials. According to BCC Research, the global graphene-based product market will grow at a CAGR of 58.7 percent between 2015 and 2020 to reach $675.1 million.
Off-take and partnership discussions
NextSource Materials is currently engaged in discussions concerning strategic partnerships and off-take agreements with several parties. The Company has been in contact with certain potential partners for over two years, and is focused on being the first graphite development-stage company to secure a “true” binding off-take agreement – one that is both credit-worthy from a chartered bank’s perspective and facilitates debt and equity funding of the project.