The Aukam Graphite project is a property located in Namibia’s Karas Region in Africa. The Aukam property is comprised of Exclusive Prospecting Licences EPL 3895, EPL 6710, EPL 7512, EPL 7513, in respect of base and rare metals, industrial minerals, and precious metals. Located in the district of Bethanie, Karas region of southern Namibia, the licence areas total 137,473 hectares, are contiguous and include the farm Aukam104 and Harichab121.

The Aukam graphite deposit has the characteristics of a vein-style graphite deposit. The graphite is predominantly concentrated in veins, with only minor disseminated graphite occurring in the host rock. It is believed that the graphite formed by precipitation from a CO2 – rich hydrothermal fluid channeled along the shear zone, and possibly related to an intrusion at depth.

The graphite in the Aukam area is hosted by altered Garub Sequence granite that is exposed in an erosional window in the Nama cover (Goldfields, 1987b). In the vicinity of the graphite occurrence, the granite is coarse grained, variably altered (see below) and generally shows a well-developed foliation with an easterly to south easterly trend and a south to southwest moderate to steep dip.

Schist and gneiss, both of which are quartz and biotite dominant, well foliated rocks, also occur in the vicinity of the graphite occurrence. The gneiss, which is distinctly banded, forms discrete positively weathered outcrops to the east and west of t ........

The Aukam property covers a historical vein graphite mine that consists of five underground adits and an open pit. Associated with the old workings are five surface stockpiles that still contain significant graphitic material.

Three graphite stockpiles, lumps, fines and coarse fines, resulting from bulk sampling and screening programs undertaken by Gratomic are stored at Aukam and ready to be processed. Assays of samples of the coarse fines ranged between 9.83% and 15.52% Cg, and averaged 13.06% Cg. Samples of fines ranged between 8.06% and 53.03% Cg and averaged 17.92% Cg and samples of lumps ranged between 16.90% and 61.06% Cg and averaged 46.92% Cg.

Gratomic Inc. is aiming to transition to an open pit operation as early as the end of 2021.

Gratomic Inc. currently boasts two outstanding pre-production purchase agreements for its high purity, vein graphite. The first of which exists with Phu Sumika. Gratomic has agreed to supply Phu Sumika with 37,500 tonnes of graphite over a five year term. Phu Sumika will use Aukam graphite to fulfill its end user requirements as a top graphite supplier for lubricants and batteries. The second exists with TODAQ for 5,000 tonnes of graphite to be supplied over three years and will be held in reserve as a backstop to underpin that companies TDN notes.

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