ASX-listed
At 99.9992% carbon, an assayed 2.2-kilogram sample of bulk flotation concentrate from the company’s namesake project in
The enterprise's shares surged more than 23% following the announcement.
Graphite has always been an indispensable part of the nuclear fission reactor since its invention in the late 1930s, with its primary use being as the moderator surrounding the uranium fuel rods to bounce escaping neutrons back to the uranium to moderate the release of energy, Sarytogan explained.
Management highlighted that the 2.2kg sample was assayed at 0.032 parts per million boran, which is well below the maximum nuclear specification of 2ppm.
In late 2023, the company produced its first spheroidized graphite, which is the final flowsheet element needed to produce uncoated spherical purified graphite (USPG) and ultra-high purity fines (UHPF) for use in lithium-ion batteries and other related markets. Currently, it is continuing to test lithium-ion batteries made with its coated spherical purified graphite (CSPG).
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