On March 24, 2016, a NI 43-101 technical report was filed for the property. The area of mineralization appears to be 200 metres wide and now has a current strike length of approximately 900 metres in the west-southwest to east-northeast direction and is open in both directions. We look forward to receiving assays in three weeks and then advancing the high-grade Refractory zone to resource estimation stage." "It is very encouraging to visually observe intercepts of graphitic material. Paul Gill, chief executive officer of Lomiko Metals. "Our exploration team reports graphitic zones in multiple drill holes," commented A. The focus of the drilling program was to expand the size of the Refractory Zone to assist in the definition of a low-footprint, open-pit mining scenario. On March 21, 2019, Lomiko Metals and Quebec Precious Metals Corporation announced the completion of a 21-hole diamond drilling program on the high grade Refractory Zone of the La Loutre graphite property, and reported wide intercepts of graphite in multiple drill holes. New high grade 10%+ Cg zone has better economics Top line resource of 4.1 Mt of 6.5% Cg is very similar to producer Imerys Only 2 of 12 identified anomalies at La Loutre have been drilled to date In 2018, Lomiko signed a deal to increase the ownership of the La Loutre Property to 100 per cent.ĥ3 km to the Imerys Mine, which has a 20-year life and 5.2 million tonnes open pit at 7.42% Cg The Property has excellent infrastructure. The La Loutre Property consists of contiguous claim blocks totalling approximately 28.67 square kilometres (2,867.29 hectares) situated approximately 53 kilometres east of Imerys' Carbon and Graphite operation, formerly known as the Timcal Graphite Mine, North America's only operating graphite mine, and located 117 kilometres northwest of Montreal. Quebec is especially important due to the proximity to Eastern American industrial centres and Quebec's long-term and stable approach to the mining industry. 71 lithium-ion megafactories planned worldwide.Ĭanada has a good reputation as a country that is able to supplant Chinese supply of graphite and provide secure supplies. Global demand for flake graphite will outstrip supply by 2020. Typically, a lithium-ion battery requires up to 15 times more graphite than lithium depending on which cathode is used. Graphite is a critical component of lithium ion batteries and cannot be economically substituted. The current EV technology depends on the lithium-ion battery. Lomiko moves toward becoming a supplier of battery materials for electric vehicles in the new green economy.Įlectric vehicles (EV) will be 50 per cent of the cars on the road by 2040, predicts Bloomberg New Energy Finance. Lomiko discovered high-grade graphite at its La Loutre Property in Quebec and is working toward a Pre-Economic Assessment that will increase its current indicated resource of 4.1 million tonnes of 6.5% Cg to over 10 million tonnes of 10%+ Cg. is a 40% holder of Graphene ESD Corp., a 18.5% holder of SHD Smart Home Devices which produces three electronic products and a 20% holder of Promethieus Technologies Inc. is an investor in technology and manufacturer of electronic products. The Company's wholly owned subsidiary Lomiko Technologies Inc. is focused on the exploration and development of minerals for the new green economy such as lithium and graphite.
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