Elcora Advanced Materials (TSXV: ERA) announced that it is building a pilot plant to process the mineralized material from the South Nachu graphite project, located in Tanzania.
The plant is being built at Elcora’s facility in Bedford, Nova Scotia.
According to COMTEX– Market Study Report, the expandable graphite market will reach $300 million by 2025 from $170 million in 2018
In a press release, the Canadian company said it is currently awaiting the delivery of five tonnes of mineralized material from the African mine. Once received, the pilot plant will be used to process the ore and to extract graphite.
The extracted graphite will then be purified to various grades with the idea of targeting the expandable graphite market.
Spec sheets detailing particle size distribution, purity and expansion percentage will be produced and once those are completed, Elcora says it will build a pilot plant on the Tanzanian site.
In early July, the Nova Scotian firm entered into a 10-year joint venture profit-sharing agreement with Eminent Minerals’ interest in South Nachu, which is located in the Ruangwa district of the southeastern Lindi region.
The project is nearby two large, high-grade graphite properties, namely Syrah Resources’ Balama project