Sampling Program Expected to Verify High-Grade Graphitic Content in underground Graphitic Vein Lodes
NEW YORK, NY and WINDHOEK, NAMIBIA / ACCESSWIRE / May 14, 2015 / Next Graphite, Inc. (OTC Markets: GPNE) ("Next Graphite," "GPNE," or the "Company"), an exploration/development stage company in Africa's Republic of Namibia targeting the growing global graphite production industry and market demand, today announced plans to bulk sample one of the Company's graphite veins on its 125,000-acre Aukam property.
The 50-tonne bulk sampling program is planned to begin the last week of May 2015. The goal of the Company's sampling program is to infer graphitic content occurring within the former underground workings. In a former work program, the Company discovered a series of underground vein lodes on the property which appeared to be well mineralized and easily accessible. According to Company expectations, these vein lodes are anticipated to produce grades equal to leading graphite projects worldwide.
"As we continue with our near term strategy to screen, process and sell graphite in our surface mine dumps, our team is equally optimistic about the potential of high grade graphitic bearing vein lodes in the underground workings of our property," began Cliff Bream, CEO of Next Graphite, Inc. "If these grades are reproducible, they will significantly increase our output and can reduce our budgeted costs and expenses of our future mining operations," Bream concluded.
The Company has committed to continually report its progress and results on all of its sampling, testing and grading programs currently underway.
About Next Graphite, Inc.:
Next Graphite, Inc. is an exploration/development stage company targeting the growing global graphite production industry with the Company's 125,000-acre Africa-based Aukam Graphite Project. The Aukam Graphite Mine was established in 1940 in the current Republic of Namibia, produced USD$30 million of graphite at today's prices. The Graphite property is estimated to still contain a significant amount of high grade, vein type graphitic material. Global graphite demand is being driven by the development of new markets for clean and efficient energy alternatives, smart grid infrastructure and military capabilities. Next Graphite has an immediately available, surface-visible, estimated 140,000-tonne mine heaps along with competitive projected mining and processing costs. The completion of GPNE's Aukam Graphite Mine re-launch and development activities are expected to result in a multi-million dollar inward investment into Namibia commencing in 2015.
For more information, please visit: www.nextgraphite.com
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward looking statements are based upon the current plans, estimates and projections of Next Graphite Inc.'s management and are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Africa, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements. Among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in Africa, general economic conditions; geopolitical events and regulatory changes, availability of capital, the Company's ability to maintain its competitive position and dependence on key management. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
CONTACT:
John Mattio
Investor Relations
+1 949 397-2522 ext. 3
ir@nextgraphite.com
SOURCE: Next Graphite, Inc.