Impact: Positive
South Star announced successful production of LiB battery-grade anode materials and positive initial cycle testing results for the 100%-owned Santa Cruz Graphite project in Southern Bahia, Brazil. The testing results were for the first 35 cycles (charging & discharging) in CR2016 LiB coin cells constructed with anode material (coated spherical purified graphite). We believe that this is another round of very good news that supports value added processing of Santa Cruz graphite; and follows on previous tests that demonstrated purification to very high levels that is suitable for lithium-ion batteries. We also expect these results to help better define processes to allow creation of spherical and purified graphite on a larger scale. Santa Cruz Graphite has all the attributes you want in a project, including experienced management in a mining-friendly district with good infrastructure and access.
