Overview
Flinders Resources Ltd. (TSX.V:FDR) is Toronto Venture Exchange listed resource company that owns 100% of the Kringel Graphite Mine, a unique and strategic European graphite project in central Sweden. The Kringel Mine, 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 Kringel Project has been held on care and maintenance.
Today graphite prices are significantly improved - up to 5 times 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 makes sense to evaluate and re-start Flinders Resources' Kringel graphite mine. Flinders' Krigel mine is fully permitted, constructed and ready to be brought back to production. The Kringel 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.
Flinders Resources aims to rapidly advance the Kringel graphite mine into production to capture favourable graphite market conditions.
TSXV: FDR
| Last Price: $1.97 |
chg: -0.03 |
vol: 38200 |
Graphite Prices
|
US$/tonne |
(94-97%C) |
| Large flake |
$2,500-3,000 |
(+80 mesh) |
| Medium flake |
$2,200- 2,500 |
(+100 to -80 mesh) |
| Fine flake |
$2,000-2,400 |
(-100 mesh) |
(source Industrial Minerals)
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.
