Sign up
Mining Capital

Peninsula Mines managing director demonstrates confidence in integrated graphite strategy

Jon Dugdale has acquired a further 400,000 shares on-market, taking his total holding to 2 million.
A lithium-ion battery
The company aims to service South Korea’s large lithium-ion battery industry

Peninsula Mines Ltd (ASX:PSM) managing director has demonstrated his confidence in the company’s integrated South Korean graphite production and processing strategy by acquiring shares on-market.

Jon Dugdale has acquired a further 400,000 shares, taking his total holding to 2 million.

The value of the on-market purchase is $4,400.

READ: Peninsula Mines testing value-added spherical graphite processing capability in Korea

Peninsula’s primary focus is to serve the large lithium-ion battery industry in South Korea with quality battery-grade flake graphite mined and processed in-country.

South Korea is the world’s largest producer of lithium-ion battery technology, in which graphite plays an important role.



Peninsula intends advancing its Korean flake-graphite projects to resource delineation and development and, at the same time, securing supply of high-quality, low-cost, graphite from other sources.

This will allow the company to establish offtake agreements with Korean graphite end users in the Li-ion battery and other high-technology graphite markets, including non-flammable building materials.

Positive test work

Grind and flotation tests on 50-kilogram samples from the Yongwon and Daewon projects produced results suggesting the graphite may be suitable for lithium-ion battery spherical graphite production.

Metallurgy is in progress for the Eunha and Gapyeong flake graphite projects while drilling planned for the projects will target maiden JORC graphite resources.

View full PSM profile View Profile
View All

Related Articles

Lithium cube
The resource exploration and development company looks to supply the rapidly growing lithium-ion battery industry for both mobile devices and laptops, as well as the burgeoning electronic-vehicle industry

© mining Capital 2019

Mining Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed mining companies to interact with institutional and highly capitalised investors.
Headquartered in London, Mining Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.