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First Graphene Announces Strong Improvement in Vein Graphite Mining Rates

HIGHLIGHTS

• Continuous vein graphite production being achieved

• Extraction rates up to 500 kg/day are being achieved for each shaft, being within 10% of the long-term production targets set in the original mining plan (200 tpa per shaft)

• Multiple vein intercepts prepared for graphite production

• Rationalisation programs have reduced operating costs

• Ongoing training programs have resulted in improved standards and increased efficiencies

• Recent progress at the mines ensures long term graphite supply

Advanced materials company, First Graphene Limited (“FGR” or “the Company”) (ASX:FGR) is pleased to report sustainable improvement in the performance of its mining division.


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