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InvestmentPitch Media Video Discusses South Star Battery Metals' Proposed Earn-In for Graphite Project in Alabama's Graphite Belt - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - November 5, 2021) - South Star Battery Metals (...
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[{"type":"text","content":"InvestmentPitch Media Video Discusses South Star Battery Metals' Proposed Earn-In for Graphite Project in Alabama's Graphite Belt - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - November 5, 2021) - South Star Battery Metals (TSXV: STS) (OTCQB: STSBF), a Canadian battery metals project developer, focused on the selective acquisition and development of near-term production projects in the Americas, agrees to key terms of a proposed earn-in to the Ceylon Graphite Project in Alabama. The Project, which covers approximately 500 acres in Coosa County, Alabama, is located on the northeast end of the Alabama Graphite Belt.For more information, please view the InvestmentPitch Media \"video\" which discusses this news. The video is also available on \"YouTube\". If these links are not enabled, please visit www.InvestmentPitch.com and enter \"South Star\" in the search box.Cannot view this video? Visit:https://www.youtube.com/watch?v=6wLcYqKBdtoThe agreement with Hexagon Energy Materials Limited (ASX:HXG) and U.S. Critical Minerals, a U.S. privately-held exploration company, will allow South Star to earn-in up to 75% of the Project, subject to execution of the final terms of a formal agreement and the customary closing conditions, included TSX Venture Exchange approval. Hexagon currently owns 80% of the Project with U.S. Critical Minerals and a small group of individuals owning the remaining 20%.The Project, an historic mine active during World Wars I and II, targeted friable outcropping graphite mineralization which averaged approximately 3% to 5% graphite carbon. The surface mineralization, contained in graphite host rock, was mined historically with shovels and excavators without the need for drilling and blasting.A comprehensive preliminary exploration program and bench-scale process have been completed by Hexagon. 29 trenches totalling 2,769 linear metres were dug to a maximum depth of approximately 2 metres, with 765 samples analyzed. 100 tonnes of bulk ore samples were collected with 10 representative samples tested at GIRCU Laboratory in Guangzhou, China. The testing indicated a traditional crush/grind/floatation concentration circuit achieved grades of approximately 96% to 97% with approximately 86% recoveries.Richard Pearce, South Star's CEO, stated: \"This is another important step towards ...