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October 7, 2013 — Tracy Weslosky, Publisher and Editor-in-Chief of InvestorIntel interviews Benoît Gascon, President and CEO of Mason Graphite Inc. (TSXV: LLG) for an update on the recent major milestones accomplished by Mason (including achieving 99.9% purity, via first-run conventional hydrometallurgical process testing without any optimization and extensive 26,000-meter drilling) in a considerably short period of time, its flagship Lac Guéret project and the upcoming benchmarks Mason Graphite plans to achieve in the next year.
Tracy Weslosky starts (TW): I’m here today with the CEO for Mason Graphite, Benoît Gascon. How are you today?
Benoît Gascon (BG): I’m fine thank you, and you?
TW: I’m fantastic. Today you put out your corporate update and you announced a sizeable amount of milestones in the last two years. Can you talk to some of the highlights for us?
BG: In fact, it’s less than two years. It’s been a little bit more than a year. We acquired the (Lac Guéret) property back in April 2012 and since then we’ve achieved 26,000 meters of drilling, we’ve published a resource estimate of 7.5 million tons at 20% grade, which is very good. But also a Preliminary Economic Assessment (PEA) with the first 22 years at 27% grade, and metallurgical purification tests. A number of very good milestones were achieved, so we will move forward at a very good pace in the future.
TW: It’s my understanding that you are the only person running an advanced-stage graphite play right now that has previously run a graphite mine, is that correct?
BG: To the best of my knowledge, yes. I spent 20 years in that graphite industry at Stratmin and Timcal.
TW: You recently announced some extraordinary purification test results, 99.9%, is that correct?
BG: That is correct.
TW: Can you explain to our audience that may not understand what 99.9% purification tests mean?
BG: It means that achieving, with the process, product purity can be increased, which opens up a number of applications that you cannot achieve with 96-98% carbon.
TW: What kind of applications?
BG: There are numerous possible applications, but mainly lithium-ion, alkaline batteries require that, but also in refractories. Some products, some customers will require 99% (ultra-high-purity graphite) for their production.
TW: Of course these applications do not mean anything if you don’t have relationships with potential end users. It’s my understanding that you have a very well developed history with end users, is that correct?
BG: That’s correct. Since 1990, I’ve been producing, but also selling graphite of all types — natural and synthetic graphite, and the carbon up to the 99.9%. We know the specifications of the customer; we understand their needs, so it’s easier to move forward with them.
Disclaimer: Mason Graphite Inc. is a advertorial member of InvestorIntel.