- Gratomic (GRAT) announces the commencement of wet commissioning in preparation for the full commissioning of its Aukam processing plant
- The material thickener tank is in its final assembly
- The plumbing, electrical and air compressor circuits for the three mixing tanks and vertical columns are currently under assembly
- The crushing circuit has moved into the wet commissioning phase
- The company is working towards completing a Preliminary Feasibility Study on the Aukam Processing plant
- Gratomic is a graphite company focused on introducing anode material to the global electric vehicle and energy storage supply chains
- Gratomic Inc. (GRAT) opened trading at C$1.35 per share.
Gratomic (GRAT) announces the commencement of wet commissioning in preparation for the full commissioning of its Aukam processing plant.
The entire Gratomic executive team was present for this significant milestone and witnessed the equipment operating as it was engineered to perform.
The following is the detailed explanation of the C4 wet commissioning phase:
- Check site-wide systems are fully operational
- Confirm operator technicians are trained and able to run commissioning
- Check as-built document complete
- Confirm Operations and Maintenance manuals available in draft form
“Our team at Aukam continues to excel,” said Arno Brand, CEO & President, “The progress on the project advances at an exceptional rate and the Gratomic team has easily surmounted any potential obstacles that have arisen at the project over the previous months.”
Assembly continues on the material thickener tank. The unit is currently going through its final assembly. The company has reduced its water cost by 50 per cent through collaboration with local communities in the immediate Aukam area and water demand on-site is currently fully met by supply. Upon completion, the plant will sustain over 1,000,000 litres of water storage. Included in this total are water storage, process water, and water recycling. This is sufficient storage to sustain operations once the plant is fully commissioned.
The plumbing, electrical and air compressor circuits for the three mixing tanks and vertical columns are currently under assembly. Once these components are installed, water will be introduced into these units for testing and calibration. The product thickener tank, which was assembled in April of 2021, will be filled to a 70% capacity in preparation for the next stage. The completion of the material thickener tank, the delivery of the twelve additional mixing tanks and nine additional flotation columns, will bring the flotation circuit into the final stage of C4 wet commissioning.
The final assembly of the plumbing and electrical circuits to the press filter is in the final connection phase. Conveyor B has been installed, with the catwalks and stairways completed. The custom-built material chipper and the hopper have been completed and mounted above the rotary drier, which was installed and assembled in April of this year.
The crushing circuit has moved into the wet commissioning phase. From here, the circuit will undergo comprehensive calibration on all systems and will be fitted with custom enclosures to secure the preservation of graphite fines throughout the crushing process. The calibration phase is an extremely important step in the commissioning process, it requires ample time and attention to be carried out effectively to ensure optimal future performance of the cycle.
“The Gratomic team has been working very hard during the construction phases and is proud to have reached wet commissioning. This brings the Company into the forefront of the final transition from a junior exploration company into a development company,” says Armando Farhate, COO & Head of Graphite Marketing and Sales.
Gratomic wishes to emphasize that no Preliminary Economic Analysis, Preliminary Feasibility Study or Feasibility Study has been completed to support any level of production. In fact, no mineral resources let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam property.
The company is working towards completing a Preliminary Feasibility Study (PFS) on the Aukam Processing plant. The study, its recommendations, and their subsequent implementation will provide conclusions and recommendations at a PFS level of comfort relating to the scale-up of the existing processing plant to a commercial-scale processing facility capable of producing the desired concentrate grades and production rates.
Gratomic wishes to emphasize that the supply of graphite is conditional on Gratomic being able to bring the Aukam project into a production phase, and for any graphite being produced to meet certain technical and mineralization requirements. Gratomic continues to move its business towards production and as part of its business plan, expects to file a National Instrument 43-101 Standards of Disclosure for Mineral Projects resource estimate in Q1 2022.
No mineral resources, let alone mineral reserves demonstrating economic viability and technical feasibility, have been delineated on the Aukam Property. The Company is not in a position to demonstrate or disclose any capital and/or operating costs that may be associated with the processing plant until the PFS is completed.
The company advises that it has not based its production decision on even the existence of mineral resources let alone on a PFS or feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit.
Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved.
Failure to commence production would have a material adverse impact on the company’s ability to generate revenue and cash flow to fund operations. Failure to achieve the anticipated production costs would have a material adverse impact on the company’s cash flow and future profitability.
Gratomic is a graphite company focused on introducing anode material to the global electric vehicle and energy storage supply chains.
Gratomic Inc. (GRAT) opened trading at C$1.35 per share.