trending Market Intelligence /marketintelligence/en/news-insights/trending/db2sge6y2wbgxvop4dvscw2 content esgSubNav
In This List

Eagle Graphite posts increased graphite resources at Black Crystal

Blog

European Energy Insights - May 2021

Blog

Metals & Mining Insights May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


Eagle Graphite posts increased graphite resources at Black Crystal

An updated resource estimate for Eagle Graphite Inc.'s Black Crystal graphite property in British Columbia increased measured and indicated tonnage by more than 3.5x, the company said May 10.

Black Crystal now hosts measured and indicated resources totaling 19.2 million tonnes grading an average 1.35% graphitic carbon, or Cg, representing 259,300 tonnes of contained graphite. Inferred resources are estimated at 23.9 million tonnes grading 1.30% Cg for 310,500 tonnes of contained graphite.

The company noted that the previous estimate defined measured and indicated resources of 5.4 million tonnes averaging 1.28% Cg.

The new estimate uses a cutoff of 0.70% Cg and incorporates data from 5,394 meters of diamond drilling and 547 meters of trenching.

"These results give an enormous boost in our confidence with respect to our graphite resource, and provide a solid underpinning for advancing the engineering studies and preliminary economic assessment planned for late 2018," Eagle Graphite CEO Jamie Deith said in the statement.