potential to upgrade to value added lithium battery graphite and its strategic position within the European Union. The Woxna Graphite Project is now in operations and supplying a high quality graphite flake product to Europe, one of the world's dominant graphite markets.


Today graphite prices are significantly higher than they were in 2001. This is due to strong growth in graphite demand driven by a combination of steady growth in traditional uses such as steel production, lubricants, brake linings and batteries as well as double digit growth from new applications, in particular portable electronics and hybrid and electric vehicles as well as developing markets such as solar and wind power, pebble bed nuclear reactors and fuel cells. Demand is forecast to continue to expand with graphite expected to play a significant role in tomorrow's high tech electronics.

Flinders long term strategy is to build on its first mover production status at Woxna and build a multi-national graphite dominant industrial minerals company to produce and sell graphite into the markets of Europe, North America and Australasia.