Ruby Graphite, a U.S.-based private, junior mineral explorer, has rights to a crystalline graphite deposit in SW Montana. Graphite was previously mined through WWII and found at surface across the property. The company is initiating a modern exploration program to develop the U.S.’s only flake and vein graphite source.
Graphite was discovered and originally mined at the beginning of the 20th century as the Crystal Graphite Mine which sold 2,200 tonnes. Rights to the original mining property and mill site have been acquired as well as the surrounding lands. Recent surface inspections show graphite flake and vein across the 3-km length of the property, providing an expanded mineral target.
The property, although it has had commercial production in the past, has never been properly explored or even drilled. Recent laboratory analyses show a graphite concentrate can be produced by simple froth flotation with more than 40% consisting of large through super-jumbo flake size and a purity exceeding 97% carbon.
The Ruby Graphite team has compiled a Competent Persons Technical Report showing an Exploration Target determined from past mining information to be of commercial significance in terms of size and grade. Hosting large-flake, high-purity graphite which commands the greatest price, this is a project worthy of additional exploration and definition to bring the only U.S. commercial graphite production on line.
Ruby Graphite has a competent team consisting of professional engineering and geology personnel with a combined 60+ years’ experience in the natural resources sector including energy minerals, precious metals and unconventional natural gas.
Crystalline graphite is an important raw material for the growing lithium-ion battery market as well as a base market for steel making and a variety of other modern uses. The U.S. Government has declared natural graphite to be a ‘critical and strategic’ resource, as there has been no domestic production since 1980. This provides a prime opportunity to turn a previously-produced graphite mine into a domestic supply for the 50,000 tonne per annum U.S. market.