Evolution Energy Minerals reported the results of a demonstration project conducted by its US-based technology partner to create premium- performance electrically conductive coatings and conductivity enhancement materials. The demonstration projects have produced conductivity enhancement additives and coatings utilizing the finely-sized, ultra-high-purity graphite generated as a by-product in the Company's process of making spherical graphite for anodes in lithium-ion batteries. Based on testing to date, approximately 36% of the feedstock to the spherical graphite flowsheet generates the non-spherical by-product.

The results reported in this announcement demonstrate the ability to access lucrative market opportunities for this material, indicating the potential to generate value-added revenue from up to 100% of the fine flake concentrate from Chilalo.