COOSA GRAPHITE PROJECT PRELIMINARY ECONOMIC ASSESSMENT (PEA)
The National Instrument 43-101 (NI 43-101) Preliminary Economic Assessment (PEA) technical report for the Coosa Graphite Project was completed by AGP Mining Consultants Inc. in November 2015 and included an Indicated Resource of 78,488,000 tons, grading 2.39% graphitic carbon (Cg) at a 1% cutoff grade, for a total of 1,876,000 tons contained/in-situ graphite—the largest graphite Indicated Resource in the United States; and Inferred Resources of 79,443,000 tons, grading at 2.56% Cg at a 1% cutoff grade, for a total of 2,034,000 tons contained/in-situ graphite.
The Coosa Graphite Project PEA based on Westwater Resources' business strategy not to sell conventional, primary processed run-of-mine graphite, but to further process the run-of-mine graphite particular, utltr-high-purity Coated Spherical Purified Graphite (CSPG) for use in Li-ion batteries and Purified Micronized Graphite (PMG) for use as a conductivity enhancement product in Li-ion, lithium primary, alkaline and lead-acid battery applications.