Next Graphite, Inc. is a development-stage resource company focused on advancing its Aukam Graphite Project located in Namibia. The past-producing graphite mine is estimated to contain up to 4 million tonnes of high-grade, large flake graphite. The Aukam Project hosts a high-grade vein-type deposit with medium to large flake distribution. Vein-type graphite mining is associated with lower recovery and operations costs than other natural graphite types. The Company is re-launching the Aukam mine and the construction of onsite processing facilities will require a CAPEX for less than USD $1.5 million\n\nAccording to Cliff Bream, Next Graphite President and CEO, they are different from the majority of their peers in graphite mining mainly because of their low risk profile. They already have 140,000 tonnes of proven product above ground that can be commercialized. This will allow the Company to fast-track a re-launch of production at Namibian only graphite mine, to become a competitively-priced source of global graphite supply. \n\nThe large, under-explored land package at Aukam also offers the potential to target additional graphite veins for drilling and excavating. Next Graphite management is beginning to position the Company for off-take agreements with global graphite consumers.
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