Powered by Lithium: Tesla Model S in Deutschland

Lomiko Metals: Graphite - The Long Term Bull Market Player LMR.v

  With all fireworks happening in Junior mining sector now Lomiko is waiting on the sidelines, but the ongoing drilling program can change it all in heartbeat. CEO Paul Gill is constantly buying Lomiko Metals shares and it looks like he is putting his name solidly on the company success - we like it, this is the way to build the business. 

  Time is to study him, his story and his company - Lomiko Metals. QE3.0 will push all assets higher, but after first excitement with Gold and Oil going Up structural problems of Energy Transition will bring Lithium and Graphite to the traders' screens again. Paul's motto is "Buy low, build high" - we like it! The results will show how high can can build it.

"This is a technology that is adaptable, that is a good replacement for the internal combustion engine... We think this is a significant factor," says Paul Gill, President, CEO and Director of Lomiko Metals Inc. (TSXV: LMR) (www.Lomiko.com). In this video, Tracy Weslosky, Publisher of ProEdgeWire (www.ProEdgeWire.com) talks with Paul about Lomiko's Quatre Milles graphite property in Quebec. Paul also explains that electric cars have about 10 to 20 times more graphite in the lithium-ion battery than there is lithium, adding up to between 20 to 30 kilograms per car. Paul tells investors he sees a long term bull market for graphite and explains the factors that are considered when looking for new graphite properties. With good access, paved roads, infrastructure and proximity to end users, shareholders can expect that over the next 12 months Lomiko's drill campaign will lead to a resource estimate for the Quatre Milles graphite property. With a positive outlook on graphite and increasing demand, Lomiko is strategically positioned to take advantage of this favour able forecast. 

Disclaimer: Lomiko Metals is a GraphiteBlog sponsor."

Lomiko Commences Drilling at Quatre Milles East Flake Graphite Property In Quebec - CEO Buys More Shares LMR.v

"After the initial pop all Graphite hype was gone this spring - only those who can show the goods will stay in the game. Lomiko now is drilling its graphite project in Canada and its ability to confirm historic high grade intersections will define this story going forward. It looks like CEO himself likes what he is doing with this company now and has bought more shares just couple of days ago.

  All juniors were beaten into the dust this summer - the ones with the real story will be coming back to life first. The most crucial will be who is supporting the company and its access to the capital - the same as in Gold and Lithium sectors."

BE Business Excelence:

Executive insight: A. Paul Gill

A. Paul Gill, President & CEO of Lomiko Metals Inc.

ARTICLE | WED, 09/12/2012 - 14:44

Nobody’s perfect. What quality or ability do you wish you had?

I wish I had the ability to choose the right employees and the patience to train them. It seems anytime I find the right person, they get hired away from our small company and those that want to stay don't always develop skills.

What is the best business book you have ever read, and why?

Against the Gods: The Remarkable Story of Risk. (Peter L. Bernstein). Understanding and assessing known risks, identifying and quantifying the impact of risk that has not occurred, discussing the rewards for success, the development of a science supporting the mutual fund industry, hedge funds and other publicly-traded stocks is discussed. Understanding risk is essential to making decisions in changing business climates.

Someone you would most like to have met, living or dead, and why?

An impossible question! There are so many inspiring people in the world I would like to meet or would have liked to meet. I would have to say the most interesting person would have to be George Washington. This is a man that forged the greatest nation the world has ever known where, despite being far from perfect, people live free of tyranny, mostly in general well-being and with a steadfast loyalty to their country.

What do you consider to be your major achievement (in life or business)?

I was one of the founding directors of Norsemont Mining which helped to create more than 20 new millionaires and made money for anyone that invested and held their stock when it rose from $0.05 to a buy-out at $4.25. Today, that mine is being built in Peru and will supply copper to the world for the next 50 years.

Who or what do you think is overrated?

Europe in general is over-rated within the global community. Growth rates are stagnant, birth rates are negative and most nations have low productivity. If Europe is going to survive it must increase immigration, increase birth rates and increase productivity.

What mistakes have you made (professional or otherwise), and what did you learn from them?

I tried to run 2 very active companies at once between 2006 and 2011 and was not prepared for a black swan event like 2008. Never bite off more than you can chew and know that the true worth of a company is the management's skills, because you never know what kind of opportunities are around the corner if you have the capacity to take them on.

Which one piece of wisdom would you pass on to your successor?

Always answer the phone but if you miss a call, return it immediately. Opportunities never wait nor do impatient shareholders who may have their finger on the trigger.

Who has been your inspiration professionally?

Frank Guistra – someone who has made money in mining finance and company building and then contributed $100 million to the Bill Clinton Foundation to help Africa.

How would you like to be remembered after your retirement?

As someone who made every shareholder that held on wealthy.

Do you have a quote or motto you live (or work) by?

“Buy low, build high”

A. Paul Gill is President & CEO of Lomiko Metals Inc. For more information see www.lomiko.com"

Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company

Graphite, Gold and Lithium - Lomiko Starts 2012 Exploration at The Vines Lake Project LMR.v

  Lomiko is moving forward with its Gold property in addition to the Graphite dreams. CEO was constantly buying shares this spring and Graphite project is under exploration now. 

Graphite: The Newest "Next Big Thing"

  "Initial hype with graphite proved to be very short lived, but the real story is there and now the companies which can deliver will be coming out of the rubble in junior miners."

Lomiko Metals: Gold, Graphite and Lithium in the Americas LMR.v

  "Lomiko Metals has received permit to start drilling on its Graphite property. According to presentation, company is fully funded for this stage of exploration. There is no news about the recently announced financing, but we guess that results from the drilling program will provide further support to the stock. Now it is time to convert all promotion into the results. Graphite side of this story is the most interesting."

Lomiko Starts Exploration at the Previously Drilled Quatre Milles Graphite Property LMR.v

Strategic Commodities: Lomiko Metals – Exploring for Graphite in Quebec LMR.v

Lomiko’s Rapid Progress on Graphite Prospect Continues - CEO Buys Shares LMR.v

"We like to see, when CEO of the Lomiko Metals is constantly buying shares of the company. Upcoming drill program and resource estimation will be the pivotal point for Lomiko and can become the company maker."

Lomiko Starts 2012 Exploration at The Vines Lake Project

(Vancouver) LOMIKO METALS INC. (europe:ISIN)(wkn:A0Q9W7)(wkn:) ("Lomiko" or "the Company) Exploration Manager Lesley Hunt reports that the Lomiko geological team has started the summer exploration program at Vines Lake.

This program is designed to target anomalous Zinc values in soil on the western side of Vines Lake discovered in the 2011 exploration program. The current target comprises soil samples which are concentrated in a 1.5 by 1.0 km zone. Zinc values reported up to 2,429 ppm. One anomalous zone on the west side of the property measures roughly 122 hectares with an average zinc value of 425 ppm. Numerous barium and bismuth anomalies have also been outlined in the area, with results returning values up to 1,413 and 3.48 ppm, respectively.

Approximately 800 B-horizon soil samples will be taken to infill the known zinc in soil anomaly. The 2011 soil sample program was completed on 200m spaced N/S grid lines at 50m spaced sample stations. The 2012 soil sample program is being conducted to infill the known anomaly such that the sample grid spacing results in 100m spaced N/S grid lines at 25m spaced sample stations.

The Vines Lake Property is located in the Cassiar Gold Camp in the Liard Mining District of northwestern British Columbia. Lomiko Metals Inc. currently holds the rights to twelve contiguous mineral tenures comprising the property, totaling 5,407 Ha, (13,351 Acres). The 2012 Exploration program is being conducted on the original 3 claims acquired in 2006 totaling 1,209 Ha (2,987 Acres). The Vines Lake property has year round paved road access as the property's northern boundary crosses Hwy 37N, seven kilometers south of the unincorporated settlement of Jade City.

Due to the property's close proximity to formerly producing mines with a proven history in the Cassiar Mining Camp, it is the opinion of the company that potential exists on the 100% owned Vines Lake Property for discovering new high-grade gold vein systems. Also, there is a potential for other intrusion related mineralization in proximity to the Cassiar Batholith and its associated boundary contacts, over which Lomiko's Vines Lake property claims are located.

Cassiar Area Highlights:

oChina Minerals Mining Corporation has contracted out the exploration program currently underway at their Table Mountain and Taurus Gold properties by Equity Exploration. These properties are located adjacent to the Vines :Lake Property. A fully permitted 270 tonne per day, gravity and flotation mill, power plant, assay laboratory and tailings impoundment facility is owned by China Minerals. Approximately 316,000 ounces of gold have been produced at the adjacent Table Mountain Mine from 1979-2007 under various companies. Current Resource Estimates for the Table Mountain Mine are 21,471 tonnes grading 18.02 g/t indicated and 65,757 tonnes grading 24.3 g/t inferred were reported at the adjacent property in the May, 2010 NI43-101 Technical Report on the Table Mountain Property by C. Pearson and F.J. Bakker.

Vines Lake Highlights:

oTwo significant anomalies have been identified by geophysical surveys. The claims cover formations of the Sylvester group, which are known to contain productive zones of precious and base metal mineralization in the area. The Vines Lake Property is located approximately two kilometres southwest of the former Erickson gold mine. Highway 37 N bisects the property north to south providing excellent access.

Mr. Garth Kirkham, P.Geo is the Qualified Person for the Vines Lake Project and has reviewed the technical data in this news release.

For more information, please contact A. Paul Gill at 604-729-5312 or Email: info@lomiko.com. Website: www.lomiko.com .

On behalf of Lomiko Metals Inc,

Signed: "A. Paul Gill"

A. Paul Gill, President & CEO

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

  

  Initial hype with graphite proved to be very short lived, but the real story is there and now the companies which can deliver will be coming out of the rubble in junior miners.

Lomiko Metals: Gold, Graphite and Lithium in the Americas LMR.v

  "Lomiko Metals has received permit to start drilling on its Graphite property. According to presentation, company is fully funded for this stage of exploration. There is no news about the recently announced financing, but we guess that results from the drilling program will provide further support to the stock. Now it is time to convert all promotion into the results. Graphite side of this story is the most interesting."

Kitco:

Graphite: The Newest "Next Big Thing"

Monday July 09, 2012 15:08

Most micro-cap resource stocks have been underwater since a four year high ended in early March 2011 with the Toronto Venture Exchange Index down over 50% since that time. Stock performance has been abysmal despite record or near-record prices for most commodities in 2011 and continuing high prices in 2012.

Many factors have contributed to the decline in junior exploration and mining stocks and I see little evidence for a quick recovery. However, stock markets, and certainly yours truly, will always find something to be long on. That current something for me in the junior resource sector is graphite.

Along with diamond, graphite is an allotrope of the semi-metal element carbon. However, it has almost the exact opposite physical and chemical properties. Graphite is gray to black, opaque with a metallic luster, a soft mineral with Mohs hardness of 1 to 2, and arranged in parallel hexagonal sheets. It is chemically inert and flexible, yet very strong. Graphite is of low specific gravity, highly refractory with a 3927 C melting point, and electrically and thermally conductive. Its unique characteristics have led to many industrial applications. Graphite deposits occur in high-grade metamorphic rocks that are widespread and abundant across the Earth. They tend to be small deposits that make low-cost mines.

Graphite is much more than the lead in your pencil and the carbon fiber additive that lets you “grip it and rip it” with a big-headed composite driver. These uses actually constitute a small part of demand. Three-quarters of the world’s graphite is used in traditional applications such as steel-making, foundry moldings, refractories, auto parts, and lubricants. Minor uses include batteries, pencils, electronics, and numerous other products. Significant future demand growth is projected to include fuel cells, lithium-ion and vanadium redox batteries, and pebble-bed nuclear reactors. Development and commercial application of the much-ballyhooed graphene (single atom layer graphite) technology is a decade or more away.

The graphite industry is divided into three parts: natural, synthetic, and carbon fiber. Supply cannot meet current demand, and prices have risen substantially since late 2009. The world market is worth about $13 billion per year, of which $8 billion is synthetic graphite, $4 billion is carbon fiber, and $1 billion is natural graphite. It is further broken down into these sources:

Synthetic graphite and carbon fiber are high purity, expensive forms produced from petroleum coke, primarily in the United States with significant exports to other consuming countries. They constitute the majority of graphite demand.

Natural graphite production is mainly from small underground mines in China. By the early 2000s, graphite mines outside of China were rendered uneconomic when it flooded the market and drove prices down. World production totaled about 1.1 million tonnes in 2011 with an estimated 75 % coming from that country. Other countries with significant graphite mine production include Brazil, North Korea, Canada, India, Romania, Ukraine, Mexico, Madagascar, Austria, Turkey, and Sri Lanka.

Three types of natural graphite are produced:

• Vein, aka lump graphite, is coarsely crystalline, a small specialized market, and the highest-priced natural graphite. It is produced from Sri Lanka mines by hand-sorting and comprises only 1% of the market.
• Flake graphite is categorized by crystal size with large (+80 mesh), medium (-80 to +100 mesh), and fine (-100 to +300 mesh). Marketable products must grade 94-97% graphitic carbon (Cg) and are used for both traditional and new applications. Flake constitutes 49% of the market.
• Amorphous powder graphite a misnomer. It is actually crystalline but very fine grained (-300 mesh). At 80-85% Cg, the amorphous variety is used for lower-priced applications and amounts to 50% of the total natural graphite market.

In general, larger crystal sizes and higher Cg content command higher prices per tonne.

Demand has increased over the past 18 years, although not exactly year over year. The natural graphite industry is strongly correlated with world economic health, illustrated by the chart below:

Rapid growth in demand has led to significant price increases over the past three years:

Source: Industrial Minerals Inc

Many specialized markets command premium prices but require further purification and processing. Examples include spherical graphite, necessary for Li-ion batteries, and expanded graphite, used increasingly in heat-sensitive applications.

Natural graphite uses are broken down as follows:

Growing users include the refractory and foundry industries and especially the battery sector.
Reminiscent of the rare earth element run-up in 2009-2010, the graphite boom is driven by these catalysts:

• Prices have increased because traditional demand exceeds mine supply. New technology applications have favored flake graphite, widening the price gap over amorphous graphite.
• China has few flake deposits and mostly mines low-value amorphous graphite underground.
• With domestic demand growing, China is restricting exports thru taxes and licensing and may impose export quotas.
• China is rationalizing its fragmented industry into a state-sponsored monopoly or oligopoly to remediate environmental degradation, improve labor standards, and address infrastructure and transportation problems.
• The Western World views dependency on Chinese graphite as an unreliable and capricious source.
• With rising prices, new export policies, and consolidation in China, graphite companies have been successfully promoted with dramatic increases in market capitalizations.

Like the REE bubble in 2009-2011, graphite is now the “Next Big Thing.”

Also much like the rare earth elements, graphite deposits are plentiful and occur worldwide. The best deposits are restricted to high-grade metamorphic terranes whose protoliths were organic-bearing sedimentary rocks. Most deposits are small, structurally deformed lenses that are irregular in geometry.

One year ago I was aware of two graphite-focused companies on the Toronto Venture Exchange. Based on evaluations of the commodity fundamentals and insight into those particular stocks, I became a shareholder of a private graphite development company that went public in February 2012. At this juncture, these three companies appear to be ahead of the game and are in my opinion “the cream of the crop”.

Now it seems every snake, shark, charlatan, and shyster within a half kilometer of Vancouver’s Coal Harbor has a new graphite deal via a capital pool company, shell, IPO, or change of business. The bubble has blown up quickly with over 35 listed Venture Exchange companies and more than 50 worldwide that hold graphite projects. There are doubtless many more in process.

Like recent junior sector bubbles (e.g., uranium, lithium, rare earth elements, Colombia gold, Yukon gold), the graphite space will fill with many pretenders amongst the very few contenders. Many will mine the stock market until another next big thing comes along. As per previous booms, 95% or more are destined to fail.

Promotion of micro-cap graphite companies has been tied to future growth of high tech and green tech applications. However, demand from traditional applications is currently pressuring supply, and many mines in China are nearly the end of their productive lives. Therefore, there is optimism that this particular boom will demonstrate some staying power.

My favorite few are graphite developers that have an advanced deposit or a former mine in a geopolitically stable and mining-friendly location, nearby infrastructure including highway, power, water, and port, high-grade (> 5%) and/or a high percentage flake component, open pit configuration with a low strip ratio, and favorable process metallurgy.

Graphite beneficiation uses standard mineral industry technology with crushing, grinding, flotation, drying, packing, and shipping. However, producing a marketable concentrate with >94% Cg content often requires multi-stage processing that reduces flake size. As with most commodities, metallurgy can be a fatal flaw and as always, a graphite producer should fall into the lowest cost quartile of its peers to ensure sufficient margins in times of slow demand and low prices.

Most graphite deposits are small so there should be room for development of a number of mines by competent juniors. Rationalization of the business by merger and acquisition will probably occur and may lead to large, integrated mine-to-market graphite companies. There are a dozen large public and private synthetic graphite and carbon fiber companies worldwide, and they likely will be players as the up-and-coming natural graphite mining sector consolidates.

Graphite does not trade openly and marketing and sales are of utmost importance. Capital expenditures should be significantly less than $100 million and at one past-producing mine, capex is projected at under $25 million. Project financings are likely to be achieved thru a combination of off-take agreements with strategic partners (consumers and end-users) and private debt instruments (merchant banks, hedge funds, and/or high net-worth investors), and hopefully not by equity raises that tend to dilute and harm early shareholders.

Because mines tend to be small with low capital requirements, the graphite market is more suited to junior companies with limited financial means than the lithium or REE sectors that generally require huge capital expenditures and a major partner.

A graphite company is no different than any other junior resource company. In addition to evaluating its flagship project, we must always assess a company’s share structure, the people, and its peer market valuation. In that regard, I urge you to read about my proven evaluation methods and trading philosophy at www.MercenaryGeologist.com.

Ciao for now,   

By Mickey Fulp
Mercenary Geologist

Acknowledgement: Erin Ostrom is the editor of MercenaryGeologist.com.

The Mercenary Geologist Michael S. “Mickey” Fulp is a Certified Professional Geologist with a B.Sc. Earth Sciences with honor from the University of Tulsa, and M.Sc. Geology from the University of New Mexico. Mickey has 35 years experience as an exploration geologist and analyst searching for economic deposits of base and precious metals, industrial minerals, uranium, coal, oil and gas, and water in North and South America, Europe, and Asia.

Mickey worked for junior explorers, major mining companies, private companies, and investors as a consulting economic geologist for the past 20 years, specializing in geological mapping, property evaluation, and business development.  In addition to Mickey’s professional credentials and experience, he is high-altitude proficient, and is bilingual in English and Spanish. From 2003 to 2006, he made four outcrop ore discoveries in Peru, Nevada, Chile, and British Columbia. 

Mickey is well-known and highly respected throughout the mining and exploration community due to his ongoing work as an analyst, writer, and speaker.
Contact: Contact@MercenaryGeologist.com

Disclaimer: I am not a certified financial analyst, broker, or professional qualified to offer investment advice. Nothing in a report, commentary, this website, interview, and other content constitutes or can be construed as investment advice or an offer or solicitation to buy or sell stock. Information is obtained from research of public documents and content available on the company’s website, regulatory filings, various stock exchange websites, and stock information services, through discussions with company representatives, agents, other professionals and investors, and field visits. While the information is believed to be accurate and reliable, it is not guaranteed or implied to be so. The information may not be complete or correct; it is provided in good faith but without any legal responsibility or obligation to provide future updates. I accept no responsibility, or assume any liability, whatsoever, for any direct, indirect or consequential loss arising from the use of the information. The information contained in a report, commentary, this website, interview, and other content is subject to change without notice, may become outdated, and will not be updated. A report, commentary, this website, interview, and other content reflect my personal opinions and views and nothing more. All content of this website is subject to international copyright protection and no part or portion of this website, report, commentary, interview, and other content may be altered, reproduced, copied, emailed, faxed, or distributed in any form without the express written consent of Michael S. (Mickey) Fulp, Mercenary Geologist.com LLC."

Lomiko Starts Exploration at the Previously Drilled Quatre Milles Graphite Property LMR.v

Strategic Commodities: Lomiko Metals – Exploring for Graphite in Quebec LMR.v

Lomiko’s Rapid Progress on Graphite Prospect Continues - CEO Buys Shares LMR.v

"We like to see, when CEO of the Lomiko Metals is constantly buying shares of the company. Upcoming drill program and resource estimation will be the pivotal point for Lomiko and can become the company maker."

Lomiko Starts Exploration at the Previously Drilled Quatre Milles Graphite Property

Jun 13, 2012 (ACCESSWIRE-TNW via COMTEX) -- Vancouver BC - LOMIKO METALS INC. CA:LMR 0.00% LMRMF +1.59% DE:DH8B -1.89% (the "Company") is pleased to announce that an exploration crew form Consul-Teck Exploration has started sampling and preparing for the upcoming drilling at the Quatre Milles East Property which was drilled in 1989, previous to National Instrument 43-101.

Lomiko entered the race to locate graphite in January, 2012 when it optioned the Quatre Milles Graphite Property in Quebec to search for large flake, crystallite graphite. Prices for flake graphite were recently quoted at $ 2,200-$ 3,000 per tonne depending on flake size.

Graphite Blog www.graphiteblog.com indicates ina June 11, 2012 article that Graphite consumption will increase if new, fast-recharging battery systems under development are adopted in electric vehicles. "The fast charging systems are being complemented by advancements in battery technology, and specifically Li-ion battery technology, which is one of the driving forces behind the sustained demand for graphite. It so happens, that a radical acceleration in the pace of electric car development and popularity may be 'around the corner'. Thanks to evolving battery technology and better understanding of materials such as graphite and its derivatives, the time needed to charge an electric power only car battery back is quickly dropping from hours to minutes. The prospect of convenient re-charging times, which may drop to the amount of time required to fill up a tank with gasoline in a gas powered engine will further boost battery evolution and demand for graphite."

For further detailed information on Lithium-Ion batteries, please view the following:

To View Graphic, please Cop and Paste URL below into a New Browser:

http://bit.ly/L3VfjS

On March 27, 2012, a 43-101 compliant report by Consul-Teck Exploration Services regarding the Quatre Milles was accepted by the TSX-Venture Exchange and was filed on Sedar (Canadian Securities Administrator Website).

Consul-Teck has proposed a budget of $307, 028 for Phase I and a contingent $724,041 for Phase II for work for the property in the technical report. Lomiko is now proceeding with commencement of exploration.

Lomiko's drilling will focus on verifying the areas of historical high-grade graphite intersected previously by Graphicor on the property. The historical results are detailed below. It is Lomiko's goal to complete both Phase I & II and establish a flake graphite resource at the Quatre Milles Property by December 2012.

Lomiko's Quatre Milles Graphite Property

The Quatre Milles Property is road accessible and is located approximately 175 km northwest of Montreal and 17 km due north of the village of Sainte-Veronique, Quebec. The property consists of 28 contiguous claims totaling approximately 1,600 hectares.

The property was originally staked and explored by Graphicor Resources Inc. ("Graphicor") in the summer of 1989 based on the results of a regional helicopter-borne EM survey. The underlying geology consists of intercalated biotite gneiss, biotite feldspar gneiss, marble, quartzite and calc-silicate lithologies of the Central Metasedimentary Belt of the Grenville Province.

Historical Highlights

Graphicor completed reconnaissance mapping and prospecting as well as ground geophysics and a 26 hole diamond drill program totaling 1,625 metres. The work identified several conductive trends in the central portion of the property and at least three, relatively flat lying graphitic beds.

Three surface samples were collected and analyzed returning results of 14.16% Cgf, 18.06% Cgf and 20.35% Cgf. 23 of the initial 26 drill holes intersected graphite concentrations with graphite concentration in range of 4.69% in hole Q90-1 to a highlight of 8.07% Cgf over 28.60 metres in hole Q90-7. The highest individual assay was reported in hole Q90-10 reporting 15.48% Cgf over 0.50 metres. A table of results from the 43-101 indicates:

         ------------------------------------------
         |HOLE NO.|FROM(M)|TO(M)|WIDTH (M)|GRADE  |
         |        |       |     |         |(% CGP)|
         |----------------------------------------|
         |Q90-1   |8.94   |10.46|1.52     |7.33   |
         |----------------------------------------|
         |Q90-2   |28.68  |30.13|1.45     |10.38  |
         |----------------------------------------|
         |Q90-3   |16.23  |17.84|1.61     |4.09   |
         |----------------------------------------|
         |Q90-4   |9.4    |14.1 |4.7      |3.95   |
         |----------------------------------------|
         |Q90-5   |2      |3.90 |1.90     |2.07   |
         |----------------------------------------|
         |Q90-5   |22.13  |23.25|1.12     |10.52  |
         |----------------------------------------|
         |Q90-6   |32.54  |41.19|8.65     |8.07   |
         |----------------------------------------|
         |Q90-6   |43.47  |44.05|0.98     |3.87   |
         |----------------------------------------|
         |Q90-7   |3.94   |32.54|28.60    |8.07   |
         |----------------------------------------|
         |Q90-8   |1.54   |2.16 |0.62     |14.89  |
         |----------------------------------------|
         |Q90-8   |5.23   |8.05 |2.82     |7.45   |
         |----------------------------------------|
         |Q90-9   |2.05   |3.10 |1.05     |8.47   |
         |----------------------------------------|
         |Q90-9   |5.76   |6.8  |1.04     |10.86  |
         |----------------------------------------|
         |Q90-10  |2.14   |5.54 |3.40     |8.02   |
         |----------------------------------------|
         |Q90-10  |7.03   |7.61 |0.58     |10.59  |
         |----------------------------------------|
         |Q90-10  |8.53   |9.03 |0.50     |15.48  |
         |----------------------------------------|
         |Q90-10  |9.27   |11.24|1.97     |12.37  |
         |----------------------------------------|
         |Q90-10  |14.16  |15.46|1.30     |4.26   |
         |----------------------------------------|
         |Q90-11  |26.82  |34.02|7.20     |4.63   |
         |----------------------------------------|
         |Q90-12  |0.94   |8.53 |7.59     |8.60   |
         |----------------------------------------|
         |Q90-12  |38.16  |43.61|5.45     |3.79   |
         |----------------------------------------|
         |Q90-13  |0.69   |10.28|9.59     |4.64   |
         |----------------------------------------|
         |Q90-13  |40.95  |43.14|2.19     |3.82   |
         |----------------------------------------|
         |Q90-14  |5.56   |7.22 |1.66     |8.12   |
         |----------------------------------------|
         |Q90-15  |2.21   |5.59 |3.38     |9.76   |
         |----------------------------------------|
         |Q90-16  |A      |A    |A        |NSV    |
         |----------------------------------------|
         |Q90-17  |15.48  |18.63|3.15     |8.11   |
         |----------------------------------------|
         |Q90-17  |21.43  |23.67|2.24     |13.29  |
         |----------------------------------------|
         |Q90-17  |36.77  |47.97|11.20    |5.88   |
         |----------------------------------------|
         |Q90-17  |57.15  |58.21|1.06     |9.53   |
         |----------------------------------------|
         |Q90-17  |59.54  |69.82|10.28    |5.99   |
         |----------------------------------------|
         |Q90-18  |10.68  |12.90|2.22     |8.12   |
         |----------------------------------------|
         |Q90-19  |47.80  |49.25|1.45     |9.16   |
         |----------------------------------------|
         |Q90-19  |50.42  |58.49|8.07     |5.72   |
         |----------------------------------------|
         |Q90-20  |13.51  |16.98|3.47     |5.81   |
         |----------------------------------------|
         |Q90-21  |2.80   |4.98 |2.18     |5.56   |
         |----------------------------------------|
         |Q90-22  |17.37  |20.04|2.67     |2.58   |
         |----------------------------------------|
         |Q90-23  |A      |A    |A        |NSV    |
         |----------------------------------------|
         |Q90-24  |1.78   |4.14 |2.36     |3.77   |
         |----------------------------------------|
         |Q90-24  |12.32  |13.09|0.77     |4.20   |
         |----------------------------------------|
         |Q90-24  |16.86  |18.66|1.80     |4.96   |
         |----------------------------------------|
         |Q90-25  |19.69  |21.24|1.55     |3.67   |
         |----------------------------------------|
         |Q90-25  |25.27  |26.65|1.38     |9.66   |
         |----------------------------------------|
         |Q90-26  |A      |A    |A        |NSV    |
         ------------------------------------------
        
        

The Company cautions that it has not had the chance to verify the quality and accuracy of the historic sampling and drilling results reported in this news release which predate the introduction of NI 43-101 and cautions readers not to rely upon them. The historic figures were generated from sources believed to be reliable, however, they have not been confirmed. Although the sampling and drilling results are relevant, they have not been verified.

Graphite Market

-Graphite prices have been increasing in recent months and over the last couple of years prices for large flake, high purity graphite (+80 mesh, 94-97%C) have more than doubled.

-Graphite prices have almost tripled since 2005 due to the ongoing industrialization of China, India and other emerging economies and resultant strong demand from traditional steel and automotive markets.

-Demand for graphite is expected to rise as electric vehicles and lithium battery technology are adopted, nuclear reactors are built in China, and if fuel cells and graphene patents become products.

-China, which produces about 70 per cent of the world's graphite, is seeing production and export growth leveling, and export taxes and a licensing system have been instituted.

-Europe and the USA have both indicated graphite is of economic importance and has a supply risk (Critical Raw Materials for the EU, July 2010).

Graphite Facts

-Natural graphite comes in several forms: flake, vein, amorphous and lump.

-Southwestern Quebec is host to some of the most favorable geological terrain for graphite exploration in Canada and is known to host graphite resources, including the nearby Lac Des Iles mine operated by Timcal.

-Graphite has many important new applications such as lithium-ion batteries, fuel cells, and nuclear and solar power that have the potential to create significant incremental demand growth.

-There is roughly 20-30 times more graphite by weight needed to produce a lithium-ion battery than there is lithium.

-Of the 1.2 million tonnes of graphite produced annually, approximately 40 per cent is of the most desirable flake type.

-High-growth, high-value graphite applications require large-flake and high-purity graphite which is the prime exploration and development target at the Quatre Milles Property.

Near-Term Strategy

Lomiko plans to mount an aggressive exploration campaign on the Quatre Milles Graphite Property commencing with a complete compilation of historic geologic work followed by surface mapping, prospecting and follow-up diamond drilling.

Jean-Sebastien Lavallee (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this release.

For more information, review the website at www.lomiko.com , contact A. Paul Gill at 604-729-5312 or email: info@lomiko.com

On Behalf of the Board

"A. Paul Gill"

Chief Executive Officer

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright 2012 ACCESSWIRE-TNW 

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