Lamboo Resources Ltd. (ASX:LMB) announced that China Sciences Hengda Co. Ltd. has analyzed flake graphite from the McIntosh project with “highly encouraging results.”

As quoted in the press release:

A bulk sample with a head grade of 6.54% TGC has been jointly processed by Hengda and the Wuhan University of Technology. The sample achieved a concentrate grade in excess of 93% TGC after standard metallurgical processes. This grade is consistent with concentrates from Hengda’s own mine at Yinjiaping and should be acceptable for upgrading to >99% TGC battery grade flake graphite. The sample is consistent with economic run-of-mine flake graphite mineralisation.

Dr. Craig Rugless, Lamboo’s technical director, commented:

The successful trailling of our flake graphite by Hengda proves the metallurgical efficacy of LMB’s flake graphite. We expect that these results will enable Lamboo to negotiate an offtake agreement.

Click here to read the full Lamboo Resources Ltd. (ASX:LMB) press release.