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Gold/Mining/Energy : CCB vs ZEN truth board

ZEN.V 0.900

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To: jiggydo who wrote (3116)	1/19/2016 2:37:19 PM
From: the Chief	Read Replies (1) of 12350

files.ctctcdn.com Thermal Upgrading In May 2015, Canada Carbon announced the results of thermal upgrading of its graphite concentrate. A randomly selected 10 kilogram sample of flotation concentrate was dried in an oven and split into four sub-samples. These samples were subjected to a preliminary test using the proprietary thermal upgrading process of a commercial processor of synthetic nuclear graphite. The first sub-sample was upgraded to 99.9998% C(t), with the results from the remaining sub-samples consistent with the first sub-sample. The 99.9998% result is reported to be the highest value for natural graphite using thermal upgrading alone, without the need for harsh chemical treatments such as caustic bake or acid leach that negatively affect the crystal structure of the graphite flakes, reducing its value. MARBLE POTENTIAL As mentioned above, mineralization at the Miller project consists of graphite veins hosted predominantly in marble. In November 2015, Canada Carbon announced it had signed an agreement to sell 75,000 tonnes of the host marble for $14 per cubic foot (approximately $184 per tonne). This agreement was signed subsequent to an independent market assessment of architectural-quality blocks and slabs of the Miller marble. The term of the contract is to run for one year from the date of the acquisition of the required environmental approvals and an extraction permit to quarry the material. Management will apply for the permits as soon as practicable. The contract is renewable and there are additional provisions for price increases above the base case, as well as royalties to be paid on the sale of all value-added marble products. This agreement has the potential to significantly improve the economics of the Miller project as a portion of the waste rock hosting the graphite veins can be converted into marble ore.

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