DNI Metals (DNI-Cse) will be delivering 2,320 tonnes of graphite "to a customer's facility in the United States," adding that monthly shipments will begin in July and run through December. Mr. Weir, chairman, president and CEO, points out that DNI has a "permitted, saprolite-hosted graphite deposit in Madagascar," but that project is still undeveloped. Thus, the graphite will presumably come from what Mr. Weir touts as DNI's "graphite wholesale business, in which it buys and sells high-quality graphite."
Mr. Weir says that drilling on the graphite property, called Vohitsara, will begin soon, but DNI still needs a feasibility study to show that the project is worthy of development. DNI has an arrangement with Australia-based Cougar Metals NL, in which the latter company has agreed to complete 3,000 metres of drilling, conduct a 1,000-metre trenching program, calculate a resource estimate and then complete a preliminary economic assessment of Vohitsara. Vohitsara means "good mountain" in the local tongue and it means much more in Weir-speak, as he has referred to it as "literally a mountain of graphite." He presumably was using the modern definition of "literally" which translates to "figuratively," as the assays have ranged from nearly nothing to about 25 per cent graphite.)
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