Hat-trick for Flanagan

ONE day after triumphantly announcing it had forward-sold up to 40% of production from its Montepuez project in Mozambique, Battery Minerals’ David Flanagan has locked in the sale of another 10,000 tonnes to China’s Qingdao Black Dragon Graphite.

Hat-trick for Flanagan Hat-trick for Flanagan Hat-trick for Flanagan Hat-trick for Flanagan Hat-trick for Flanagan

The latest three-year agreement covers graphite concentrate at a minimum 95% TGC, binging the total to 25,000t - and up to 36,000t if US-based Urbix Resources acts on its 6000t option within 12 months of stage one production going live.

Black Dragon is a privately-owned company with extensive expertise in graphite. It operates four mines in Heilongjiang and Shandong provinces producing 45,300tpa of concentrate and some 300 specifications of various downstream graphite products.

It is one of the few companies in China that has the "complete industry value chain of mining, concentrate production, coated spherical graphite, expandable, graphite paper and a range of other high value products delivered to first tier global companies", Flanagan said.

Battery's execu...