Focus Graphite Appoints Donald K. D. Baxter, P.Eng., President & Chief Operating Officer
September 13, 2013 (Source: Marketwire) – Gary Economo, President and CEO of Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) is pleased to announce the appointment of Mr. Don Baxter as President and Chief Operating Officer. His appointment is effective immediately. Mr. Economo will continue as Chief Executive Officer.
Mr. Baxter served as President of Northern Graphite Corporation between February 2, 2011 and July 8, 2013 and was responsible for all technical aspects relating to the Bissett Creek graphite project including the bankable feasibility study, metallurgical test work and environmental and mine permitting.
He also served as Mine Superintendent at the Kearney Graphite mine when it operated in the 1990s. Mr. Baxter served as a Director of Mining at Ontario Graphite Ltd. He holds a BSc. (Eng.) degree in mining engineering from Queen’s University, is a Registered Professional Engineer and a Qualified Person under NI 43-101.
“Mr. Baxter’s appointment completes our world class management team as we move towards Lac Knife’s full development,” Mr. Economo said.
“The timing of Don’s departure from Northern Graphite coincided with our long-planned corporate moves. The coincidental timing of his availability and the finalization of Lac Knife’s pilot floatation plant results were propitious. We’re very pleased to have Don as a member of the Focus team,” Mr. Economo added.
Mr. Baxter joins Dr. Joseph Doninger, Director of Manufacturing and Technology, Dr. Benoit Lafrance, Vice President Exploration, Mr. Jeff Hussey, Vice President Project Development of Lac Knife, Mr. Marc-Andre Bernier, Focus Director and Qualified Person, Dr. Gordon Chiu, Chief Scientist, and Ms. Judith Mazvihwa-MacLean, Chief Financial Officer.
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Lac Knife mine design engineering was contracted to Roscoe Postle Associates (RPA) in May 2011, and Quebec-based Terrapex Environmental Ltd. was retained in November 2012 to assist with federal and provincial project permitting for Lac Knife.
The results of the Lac Knife pilot floatation plant published Aug. 21, 2013 confirmed Lac Knife’s standing as a world-class deposit.
Highlights of the pilot floatation plant test results reported by SGS Canada Inc. included:
- The average grade of the coarse size fraction that is greater than 80 mesh (39%) was 98.3% Ct (carbon content) compared with 97.4% Ct in the Phase 2 Locked Cycle Tests** (“LCTs”)
- The average grade of the medium size fractions, less than 80 mesh and greater than 150 mesh in size(27.2%), was 98.2% Ct compared with 97.4% Ct in the Phase 2 LCTs
- The average grade of the size fraction greater than 200 mesh and less than 150 mesh (14.1%) was98.0% Ct compared with 97.2% Ct in the Phase 2 LCTs.
The average carbon content of the pilot floatation plant campaign was 96.6% Ct compared to 96.4% Ct reported in the Company’s July 9, 2013 press release on the final results of the Phase II LCTs.
Mr. Baxter will receive options to purchase 500,000 common shares of Focus at an exercise price of $0.49 per share until September 13, 2018.
About Focus Graphite
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. Focus is the owner of the Lac Knife graphite deposit located in the Côte-Nord region of northeastern Québec. The Lac Knife project hosts a NI 43-101 compliant Indicated Mineral Resource Estimate of 4.9 million tons grading 15.8% graphitic carbon (Cgr) as crystalline graphite with an additional Inferred Mineral Resource Estimate of 3.0 million tons grading 15.6% Cgr of crystalline graphite. Focus’ goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. On October 29th, 2012 the Company released the results of a Preliminary Economic Assessment (“PEA”) of the Lac Knife Project which demonstrated that the project has an excellent potential to become a graphite producer. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus also invests in the development of graphene applications and patents through Grafoid Inc.
Forward Looking Statements – Disclaimer
This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. Focus Graphite disclaims any intention or obligation to revise or update such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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