Vancouver, BC / TheNewswire / September 25, 2017 – Global Li-Ion Graphite Corp. ("LION" or, the "Company") (CSE: LION) is pleased to announce that the Company has acquired the available historic data including the DRAFT NI 43-101 written by Wardell Armstrong dated Oct 2014. The Company has engaged Wardell Armstrong to complete a current NI 43-101 and to consult with the Company on a go forward basis to initiate a conformation work program.
The Company would also like to Welcome Sam Malin to the newly formed Advisory Board. Sam brings upwards of 30 years of mining and finance experience, of which 15 years has been focused on Madagascar. Sam is currently CEO of Avana Resources which is focused on mineral exploration and development in Madagascar. His previous experience includes the founding of Madagascar Oil Limited and Red Island Minerals Ltd., which featured the development of multibillion barrel heavy oil fields and a major coal field respectively. He created significant value in both companies, building Madagascar Oil, as CEO, from inception to a value of in excess of $ 1 billion by late 2006, while, as Red Island’s Chairman, he concluded a comprehensive survey of the Sakoa coal field resulting in a sale to Thailand’s PTT Asia Pacific Mining Pty for nearly $ 100 million dollars in 2012.
Sam holds a BSc (Hons) in Geological Engineering from Queens University in Canada and completed graduate studies in England at the University of Cambridge. His prior experience includes as positions with Standard & Poor’s, Arthur D. Little and Dome Petroleum Limited, as well as advisory positions to the European Commission. He is fluent in French and conversant in several other languages.
About the Malagasy Graphite Property
The three mining exploitation licenses that comprise the Project are located in the vicinity of Andasibe in Toamasina Province in Madagascar, 20 km to the southwest of Sheritt’s Ambatovy nickel/cobalt laterite open pit mine, and 200km via road from the seaport of Toamasina, Madagascar’s main port.The licenses total 4,375 hectares (10,811 acres). Graphite was produced on the licenses for roughly a century from 1910. The production to date has been free digging of lateritic ore and open pit mining, providing low cost exploitation without need for blasting.
Further information about Global Li-Ion is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and the Company’s website, www.globalli-iongraphite.com.
For Further information about the Company, please contact:
Director & Officer
Global Li-Ion Graphite Corp.
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This press release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks discussed in the Company’s Management’s Discussion and Analysis under the Company’s profile on www.sedar.com. While the Company may elect to, it does not undertake to update this information at any particular time.
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