OverviewFlinders Resources Ltd. (TSX.V:FDR) is a TSX Venture Exchange listed resource company that owns 100% of the Woxna Graphite Mine, a unique and strategic European graphite project in central Sweden. The Woxna Mine and processing facility, with rated capacity 13,000 tonnes per year of flake graphite, operated from 1996 to 2001, when production was halted due to falling graphite prices. Since then, the Woxna Project has been held on care and maintenance.
Today graphite prices are significantly higher than they were in 2001. This is due to strong growth in graphite demand driven by a combination of steady growth in traditional uses such as steel production, lubricants, brake linings and batteries as well as double digit growth from new applications, in particular portable electronics and hybrid and electric vehicles as well as developing markets such as solar and wind power, pebble bed nuclear reactors and fuel cells. Demand is forecast to continue to expand with graphite expected to play a significant role in tomorrow's high tech electronics.
Low graphite prices during the 1990s and 2000's negatively impacted graphite supply with little investment made in new mines during this period.
A materially better graphite price today is why it made sense to re-start Flinders Resources' Woxna graphite mine. Flinders' Woxna processing plant was refurbished and restarted in July 2014. The Woxna Project is unique due to its high quality large graphite flake, long life expandable resource, first class existing infrastructure, potential to upgrade to value added lithium battery graphite and its strategic position within the European Union.
The Woxna Graphite Project is now in operations and supplying a high quality coarse graphite flake product and proximity to Europe, one of the world's dominant graphite markets. Flinders Resources is successfully refurbishing the Woxna graphite processing facility and restarted production in July 2014 to supply the favorable graphite market conditions in the European market. Flinders Resources is working with a number of end users of graphite to negotiate long term supply agreements to enable ramping up production the Woxna graphite mine and processing facility to meet the demands of the European market.
Flinders long term strategy is to build on its first mover production status at Woxna and build a multi-national graphite dominant industrial minerals company to produce and sell graphite into the markets of Europe, North America and Australasia.
The qualified person for all Flinders' projects, Mr. Michael Hudson, Director, and a Fellow of the Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this website.