They say Aukam graphite mine has 4 million tonnes of reserveMESSS Think its more lol For argument sake, lets wait to hear from Gratomic Inc, they'll be releasing their data soon!!!! Overview
Next Graphite, Inc. is an exploration development stage company targeting the growing global graphite production industry with the Company's 96,000-acre African-based Aukam Graphite Project. Aukam contains a special form of graphite known as “lump” or vein graphite. This high-end, clean graphite with its low sulphur content is highly sought after for important industrial applications, and worldwide supply is constrained since it is available in only a few locations worldwide, including our Aukam site in Namibia.
The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia, and has produced USD $30 million of graphite at today's prices. The Aukam property is estimated to still contain a significant amount of high-grade, vein type graphitic material. In 2014-2015 third party research laboratories validated the high quality of our on-site samples and an outside geologist report stated there are “an estimated 4 million tonnes of reserve of high-grade graphite from hydrothermal source” at Aukam.
The global graphite market is projected to reach USD 29.05 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022. Steel, automotive, and aerospace are the key end-use industries of graphite-based products. However, graphite-based composites are also being used in other industries, including marine, sporting goods, pipes & tanks, and construction. Owing to the exceptional property of graphite in supporting large batteries, the demand for graphite for the manufacture of commercially viable electric and hybrid vehicles has increased significantly in the last three to five years. Different grades of graphite are available for specific uses in diverse applications. Thus, the use of graphite in an increasing number of applications is expected to provide growth opportunities for the graphite market in the coming years [Allied Market Research]
The Company’s lump graphite is a preferred source of graphite for many end users. It has unique characteristics suitable for use in 20 important value-added applications, particularly electric foils. It is also used in crucibles, brake pads, electrodes, refractories, lubricants, electric car lithium ion batteries, and nuclear reactors.