Asia Pacific Gold Mining Investment Ltd has confirmed graphite potential in western Ethiopia following initial exploration and technical results which have been provided by its partner.
Earlier this month APGMI entered into an agreement with a Canadian company for exploration and exploitation of its concessions in Western Ethiopia.
APGMI says that a large exploration target of potentially very large tonnage structures containing graphite have been identified within the exploration concession. stockmarketwire.com
According to Wikipedia mineral graphite /ˈɡræfaɪt/ is an allotrope of carbon. It was named by Abraham Gottlob Werner in 1789 from the Ancient Greek γράφω (graphō), “to draw/write”, for its use in pencils, where it is commonly called lead (not to be confused with the metallic element lead). Unlike diamond (another carbon allotrope), graphite is an electrical conductor, a semimetal. It is, consequently, useful in such applications as arc lamp electrodes.
StockMarketWire.com
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