Flinders Resources provides an update on the Company's European sales and marketing programs, as graphite production is set to recommence in July 2014 from the 100% owned Woxna graphite mine and processing facility in central Sweden.
Flinders has been working to re-establish its sales and distribution network throughout Europe.
An initial sales contract has been signed with a former European customer.
The Woxna Graphite project is strategically located in central Sweden, a gateway to the European Union graphite market.
Sales efforts are continuing and the Company anticipates that more contracts will be concluded as graphite production is set to recommence in July 2014.
Blair Way, President & CEO states, "Securing our first sales contract is great news and a vote of confidence from our former customers. Our marketing endeavors are starting to have an impact in line with our restart of production. This is an exciting time for the company as we become the first TSX Venture Exchange listed company to produce and sell graphite product."
In addition to the previously announced processing plant refurbishment activities, Flinders has been working to re-establish its sales and distribution network throughout Europe.
As for all industrial mineral products, customers are seeking stable and reliable producers that can consistently meet quality standards and delivery schedules.
The Company has been meeting with former and potential new customers as part of its efforts to re-establish its sales base. As part of these marketing efforts, the Company is pleased to report that the initial sales contract has been signed with one of its former European customers.
The initial sales contract does not represent a material portion of the Company’s production capacities; however, the conclusion of this agreement is an important milestone for the Company’s marketing team.
Fulltime sales and marketing efforts are continuing throughout Europe and the Company anticipates that more sales contracts will be concluded over the coming months.
The Woxna Graphite project is strategically located in central Sweden, a gateway to the European Union graphite market.
The facility is located approximately 3.5 hours’ drive north of Stockholm and less than 2 days drive to most customers in Europe. Proximity to markets is a key differentiator in marketing industrial minerals.
Woxna’s central location provides a significant marketing advantage due to shorter distances and lower transportation costs. In addition, the Woxna processing facility has the ability to respond quickly to customers’ specific needs within very short timeframes.