Vancouver, BC. - LOMIKO METALS INC. (TSX-V: LMR, OTC: LMRMF, FSE:
DH8B) ("Lomiko" or the "Company") is pleased to
announce the appointment of Dr. Dietmar Siebholz to the Board of
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.
After graduating in 1961, Dietmar Siebholz (born 1942) trained to
become a banker. He successfully completed his training with honors in
Berlin. Subsequently, his passion for the stock market led him to the
Dusseldorf Stock Exchange as an assistant broker. After obtaining a
degree in economics and working as head investment advisor for a bank,
Dietmar joined forces with a partner to establish a fund development
agency for real estate. In 1979, a leading real estate fund company
appointed him as managing director. In 1983, he started working
independently as a developer and manager of real estate funds. During
the course of his professional career, Dietmar has developed real
estate funds with an investment volume of more than 700 million Euros,
some of which he still managed until mid-2009. Since 1993, he has been
deeply involved in precious metals as well as other commodities.
Through his commentary, he is now known to a large number of
participants in the resource sector. Since 2003, he has been a German
representative of GATA and since the beginning of 2007, he has been on
the advisory board of a fund development company specializing in
After selling a number of real estate funds liquidating his equity
invested therein and transferring his fund management company to a
younger successor, he has devoted his attention even more to the
issues of money, currency stability and commodities, precious metals
and optimizing investment portfolios. At the age of 64 he continued
his studies and finally achieved his goal of obtaining his PhD in
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.
Lomiko's Quatre Milles Graphite Property
The Quatre Milles Property is road accessible and is located
approximately 175 km northwest of Montreal and 17 km due north of the
village of Sainte-Veronique, Quebec. The property consists of 28
contiguous claims totaling approximately 1,600 hectares.
The property was originally staked and explored by Graphicor Resources
Inc. ("Graphicor") in the summer of 1989 based on the
results of a regional helicopter-borne EM survey. 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.
Graphicor completed reconnaissance mapping and prospecting as well as
ground geophysics and a 26 hole diamond drill program totaling 1,625
The work identified several conductive trends in the central portion
of the property and at least three, relatively flat lying graphitic
Three surface samples were collected and analyzed returning results of
14.16% Cgf, 18.06% Cgf and 20.35% Cgf.
23 of the initial 26 drill holes intersected graphite concentrations
with graphite concentration in range of 4.69% in hole Q90-1 to a
highlight of 8.07% Cgf over 28.60 metres in hole Q90-7.
The highest individual assay was reported in hole Q90-10 reporting
15.48% Cgf over 0.50 metres.
The Company cautions that it has not had the chance to verify the
quality and accuracy of the historic sampling and drilling results
reported in this news release which predate the introduction of NI
43-101 and cautions readers not to rely upon them. The historic
figures were generated from sources believed to be reliable, however,
they have not been confirmed. Although the sampling and drilling
results are relevant, they have not been verified.
The price for flake graphite is $ 2000-$3000 per tonne depending on
flake size and grade.
Graphite prices have been increasing in recent months and over the
last couple of years prices for large flake, high purity graphite (+80
mesh, 94-97%C) have more than doubled.
Graphite prices have almost tripled since 2005 due to the ongoing
industrialization of China, India and other emerging economies and
resultant strong demand from traditional steel and automotive markets.
Demand for graphite is expected to rise as electric vehicles and
lithium battery technology are adopted, nuclear reactors are built in
China, and if fuel cells and graphene patents become products.
China, which produces about 70 per cent of the world's graphite, is
seeing production and export growth leveling, and export taxes and a
licensing system have been instituted.
Europe and the USA have both indicated graphite is of economic
importance and has a supply risk (Critical Raw Materials for the EU,
Natural graphite comes in several forms: flake, amorphous and lump.
Southwestern Quebec is host to some of the most favorable geological
terrain for graphite exploration in Canada and is known to host
graphite resources, including the nearby Lac Des Iles mine operated by
Graphite has many important new applications such as lithium-ion
batteries, fuel cells, and nuclear and solar power that have the
potential to create significant incremental demand growth.
There is roughly 20-30 times more graphite by weight needed to produce
a lithium-ion battery than there is lithium.
Of the 1.2 million tonnes of graphite produced annually, approximately
40 per cent is of the most desirable flake type.
High-growth, high-value graphite applications require large-flake and
high-purity graphite which is the prime exploration and development
target at the Quatre Milles Property.
Lomiko plans to mount an aggressive exploration campaign on the Quatre
Milles Graphite Property commencing with a complete compilation of
historic geologic work followed by surface mapping, prospecting and
follow-up diamond drilling.
Jean-Sebastien Lavallee (OGQ #773), geologist, a Qualified Person as
defined by National Instrument 43-101, has reviewed and approved the
technical content of this release.
For more information, please contact Paul Gill at 604-729-5312
Email: [email protected] Website: www.lomiko.com.
On behalf of Lomiko Metals Inc.
President & CEO
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.