JOHANNESBURG (miningweekly.com) – ASX-listed Peninsula Mines reported on Tuesday that its applications over a number of graphite tenements at the Janggohang graphite mine, in South Korea, had been succesful.
Peninsula’s Korean subsidiary, Suyeon Mining, has filed four tenement applications over blocks Janggohang 139, Janngohang 140, Janggohang 150 and Pungdo 10 in the Dangjin district.
“Janggohang is the sixth graphite exploration project Peninsula has applied for this year, all located in South Korea D1, a country which is noted as a major consumer of graphite for refractories, recarboniser in steel manufacture and, more recently, spherical graphite used in lithium batteries,” said project executive director Danny Noonan.
A site inspection by geologists confirmed the graphite ore at Janggohang had been mined from a small opencut with dimensions of about 180 m east-west by 50 m north-south to a depth of 25 m below the northern high-wall.
Noonan added that Janggohang’s history as an opencut mine close to roads and other infrastructure suggested a good location from which to restart mining.
Recent mapping confirmed the presence of graphite mineralisation immediately to the west of the limestone quarry. The company reported that the location and near surface geometry of the mineralisation suggested good dimensions for possible future openpit mining.