The samples collected from the property claimed to have graphitic head grades of 9.85%, 10.0% and 35.5%, but after further testing the samples showed jumbo and large flake distribution of over 62.5% and jumbo and large flake graphitic carbon content ranging 91.3 to 97.9%.

The company said that the samples were processed at Process Research Ortech and Agat Laboratories in Canada.

DNI Metals is further testing the samples to find out the particle size distribution and upgrade purity numbers.

The company used modified infrared assay method to assess the Graphitic carbon samples.

DNI Metals CEO Dan Weir said: "Not only have the samples shown a world-class head grade, but also world-class flake distribution and Graphite Carbon Content.

"The team has made it our focus to find High Grade projects that have infrastructure. The project is 40 Kms from the Madagascar’s main port, 1 km off the country’s main paved Highway"