Lomiko Metals – Exploring for Graphite in Quebec

Lomiko Metals.

Overview

Lomiko Metals Inc. (TSXV:LMR,OTC:LMRMF,FSE:DH8B) is a Vancouver, British Columbia based exploration company focused on graphite. In January 2012, the company acquired 100 percent interest in the Quatre Milles East Graphite Property and completed a successful drilling campaign.  In February 2013, the company announced a strategic alliance with Graphene Labs of New York to work on a process to transform flake graphite from the property to graphene.  Lomiko also was provided the exclusive right to finance Graphene Labs but must complete $2,000,000 of funding in 18 months. Lomiko will also have the opportunity to work with Graphene Labs on Research and Development. Graphite samples have been sent to Graphene Labs for graphene conversion.

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Investment Highlights

  • Existing infrastructure: Quatre Milles Project is accessible by paved and gravel road and 175 north of the port of Montreal
  • 100% owned graphite property in good jurisdiction (Quebec)
  • Drill Results show extensive high grade mineralization close to surface
  • Carbon Purity Tests Results 94.00% – 100.00%
  • End User Agreement with Graphene Labs

Key Property

Quatre Milles Graphite Property

The Quatre Milles Graphite Property is located 175 km northwest of Montreal and 17 km north of the town of Sainte-Véronique. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary belt of the Grenville province.

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The property was originally staked and explored by Graphicor Resources Inc. during the summer of 1989 based on the results of a regional helicopter-borne EM survey. Graphicor completed reconnaissance mapping, prospecting, ground geophysics as well as a twenty-six hole diamond drill program totaling 1,625 metres.

Graphicor Resources identified several conductive trends in the central portion of the property and at least three, relatively flat lying graphitic beds. Three surface samples were collected and analyzed returning results of 14.16 percent Cgf (graphite), 18.06 percent Cgf and 20.35 percent Cgf. Twenty-three of the initial 26 drill holes intersected graphite concentrations with a highlight of 8.07 per cent Cgf over 28.60 metres in hole Q90-7. The highest individual assay was reported in hole Q90-10, which returned 15.48 percent Cgf over 0.50 metres.

Click here for a summary of historical drill results.

Lomiko Metals is currently planning an exploration program for the Quatre Milles Property including mapping, prospecting and diamond drilling to test and confirm the areas of historical high-grade graphite intersected previously by Graphicor Resources Inc. on the property.

Lomiko Metals completed drilling on the Quatre Milles East Graphite Property in September 2012 resulting in several long intercepts of flake graphite.

Highlights:

  • QM 12-04: five m to 75.00 m, 70.00 m of 2.17 per cent Cg, including 12.50 m of 4.58 per cent Cg
  • QM 12-03: 3.50 m to 54.62 m, 51.12 m of 1.48 per cent Cg
  • QM 12-06: 40.00 m to 71.50 m, 31.50 m of 1.94 per cent Cg
  • QM 12-10: 4.50 metres to 47.42 m, 42.92 m of 2.47 per cent graphite (Cg), including 5.46 m of 8.02 per cent Cg
  • QM 12-16: 31.48 m to 51.00 m, 19.52 m of 6.23 per cent Cg
  • QM 12-17: 5.20 m to 37.73 m, 32.53 m of 2.89 per cent Cg
  • QM 12-19: two m to 43.30 m, 41.30 m of 2.73 per cent Cg
  • QM 12-20: 4.30 m to 44.75 m, 40.45 m of 2.83 per cent Cg, including 3.45 m of 10.01 per cent Cg
  • QM 12-21: 1.35 m to 39.50 m, 38.15 m of 3.43 per cent Cg, including 4.77 m of 10.80 per cent Cg
  • QM 12-22: 11.20 m to 51.00 m, 39.80 m of 3.71 per cent Cg, including 9.90 m of 8.81 per cent Cg
  • QM 12-23: 6.90 m to 50.10 m, 43.20 m of 3.71 per cent Cg

Summary

Based on the historical data from the work completed by Graphicor in the 90’s on the Quatre Milles Graphite Property and given the increasing global demand for graphite, Lomiko Metals is moving forward with its goal to complete both Phase I & II and establish a flake graphite resource at the property by December 2013.

Management

A. Paul Gill – Chief Executive Officer
Mr. Gill is the President of AJS Management Inc., a company providing management consulting to private and public companies. He has also been involved in the strategy, planning and implementation phases of re-structuring organizations. Until October 2006, Mr. Gill was heavily involved in the dynamic growth stage of Norsemont Mining where the company grew from a market capitalization of $1 million to $50 million. During his tenure with Norsemont Mining, Mr. Gill was the VP of Business Development and Director as well as the President & CEO, Chief Financial Officer and Corporate Secretary. Mr. Gill previously provided advice on health and safety issues and Workers’ Compensation matters to individuals and businesses.

Jacqueline Michael – Chief Financial Officer
Ms. Michael has over 20 years of financial and administration experience. In 1988, Ms. Michael co-founded The Conac Group, a software development company for construction management, where she acted as President and CEO. In 1997, Ms. Michael was successful in taking the company public on the CDNX Exchange and helped raise over $5 million in private placement financings for the company. Ms. Michael has acted as the President and Chief Executive Officer for public companies for over 10 years.

Brian Gusko – Director 
Mr. Gusko has significant international business experience at the highest level. He was the Chief Financial Officer of UC Resources Ltd., an emerging producer of silver and gold in Mexico. Years ago, he was a research assocate with the U.S. Department of Commerce at an embassy posting. His international experience includes working in Corporate Planning with a Mitsubishi Group company in Tokyo, Product Management at a Vodafone spin-off in the Netherlands and being Managing Director of Palm South Africa’s wereless subsidieary. Mr. Gusko received a Bachelor of Arts in Biology (1990) from Carleton University, and an MBA from the University of Calgary (2003). He currently serves on the Board of Directors of Emergent Waste Solutions and is an advisor to the Board of Solegear Bioplastics. Mr. Gusko is a Partner at Vancouver-based Sustainable Capital Corporation, a capital markets advisory firm.

Julius Galik – Director
A business man and a financial advisor with PFSL, Mr. Galik has been involved in start-up situations within the mining exploration industry in Western Canada since 2002, and during the past 8 years has been instrumental in the development and financing of various small capitalized companies, both private and public. Between 2006-2007, Mr. Galik served as director of Dorex Minerals Inc. and in September 2009 was elected Dorex President and CEO.

Dr. Dietmar Siebholz – Advisory Board Member
Dr. Siebholz has been researching graphite and graphene developments in Europe and is a significant shareholder of Lomiko. In the spring of 2010, Dr. Siebholz added graphite to the list of minerals he favours for investment. In his opinion, graphite is the technology mineral of the future that should replace common technology resources – at least partially – within the next ten years.

Dr. Siebholz has devoted his attention to the issues of money, currency stability and commodities, precious metals and optimizing investment portfolios. As a result of the development of technologies and the receipt of patents financed by himself and his family, he was offered consulting agreements in 2009. Pursuant to the agreements, he was to prepare the application of pump systems developed by his company for open pit mining in rainy countries (including Costa Rica, Panama, Colombia and Paraguay) and to start the corresponding application-oriented production of these pump systems.

His current technological interest focuses on the advancement of a revolutionary cooling system and the application of graphite in high-tech developments. However, he remains loyal to his favorites: gold (as currency secured by substance since 1998), silver (as currency secured by substance and technology metal since 2001), rare earths (as technology metals since 2005) as long as there is a trend to expanding high-tech applications. Since 2008, graphite has become an investment focus.

Mr. Kumara Rachamalla, M.B.A,M.Eng., P.Eng. – Advisory Board Member
Mr. Rachamalla is highly experienced in government and financial matters. He has developed and implemented innovative incentive policies for the Government of Ontario, advised public and private sector clients on technical, environmental, natural resource, financial and taxation issues.

Mr. Rachamalla designed economic, financial and taxation models to develop and assess a broad range of fiscal options and their impact on private sector investments and made recommendations for incorporation into tax statutes. He has advised institutional investors in Canada, the U.S., Europe and the Far East on attractive investment opportunities in the natural resource sector by providing in-depth commodity analysis, combining financial, technical and industry expertise and provided expert opinion in Canadian and U.S. tax courts.

Mr. Rachamalla has raised both equity and debt capital for corporations and advised corporate clients on financing, joint ventures, acquisitions and mergers. He has also developed strategic plans and reviewed project evaluation of the multi-billion dollar Syncrude oil-sands project, has evaluated and conducted feasibility studies and ore reserve estimates in Quebec and Yukon Territories as Assistant Chief Mine Engineer and has conducted cost-benefit analyses, environmental studies and health and safety surveys for the National Coal Board in the United Kingdom.

Rod Ogilvie - Advisory Board Member
Mr. Ogilvie is the President, CEO and Chairman of his geological consultancy company, Global Geological Services, Ltd. based in Saskatoon. He has over 39 years experience in all mineral scenarios from surface and underground production to mine development to green and brownfields scenarios. His vast international experience with companies like Cameco and Vale has led him into many countries and vast array of mineral scenarios. His extensive gold, coal, uranium, potash, iron ore, alluvial diamonds and base metals experience allows him to give expert advice. His projects have taken him to Mongolia, Russia, China, Bosnia, Brazil, Peru, Guyana, Mexico, Boliva, Gabon as well as Canada.