Focus Graphite completes 2022 Exploration and Resource Definition Drilling Program at its Lac Tétépisca Project, Québec Ahead of Schedule and Under Budget The Company has completed 14, 900.5 metres of core drilling from 74 holes , including 6, 640.2
FOR IMMEDIATE RELEASE
NOVEMBER 30, 2022
TSX-VENTURE: “FMS”
____________________________________________________________________________
Focus Graphite completes 2022 Exploration and Resource Definition
Drilling Program at its Lac Tétépisca Project, Québec Ahead of
Schedule and Under Budget
The Company has completed 14, 900.5 metres of core drilling from 74 holes , including 6, 640.2
metres of definition drilling from 27 deep holes on its Manicouagan Ouest Graphitic Corridor
(“MOGC”) deposit.
Kingston, Ontario, November 30, 2022 – Focus Graphite Inc. (TSX.V:FMS; OTCQX:FCSMF;
FRANKFURT:FKC) (“Focus” or the “Company”) is pleased to report the completion of its 2022
core drilling program at its 1 00%-owned Lac Tétépisca graphite project, located southwest of
the Manicouagan Reservoir in the Côte-Nord administrative region of Québec, on the Nitassinan
of the Pessamit Innu. The 2022 program, which commenced on March 3 and ended on
November 17, consist ed of systematic resource definition drilling at depth on the Company’s
Manicouagan Ouest Graphitic Corridor (“MOGG”) deposit together with exploration drilling at the
nearby West Limb and Southwest MOGC geophysical (MAG -TDEM) targets. The drilling
program was completed ahead of schedule and under budget and in accordance with the
Company’s flow-through expenditure obligations for 2021 and 2022.
“The 2022 drilling program at Lac Tétépisca was Focus’ largest and most ambitious drilling
program to date, and I am thrilled that the team was able to complete it under budget and earlier
than planned,” said Marc Roy, President and CEO of Focus Graphite. “On behalf of the
Company I thank Réjean Girard and his team at IOS Services Géoscientifiques for their hard
work in getting this done at a time when many are facing delays and other hurdles . It’s a
substantial achievement.”
Highlights from the 2022 drilling program:
• 74 holes completed (total: 14,900.5 metres), from LT-22-107 to LT-22-179, including: 27
holes drilled over a 1.5 km strike length on the MOGC deposit (total: 6,640.2 metres); 29
exploration holes drilled on the West Limb t arget (total: 5, 421.6 metres), and 18
exploration holes drilled on the Southwest MOGC t arget (total: 2,8 38.8 m etres; Figure
1).
• Drilling completed on the MOGC deposit includes seven (7) 300 m-length vertical HQ-
diameter holes (LT- 22-173 to LT- 22-179; Figure 1), 19 high angled holes drilled to a
vertical depth of 200 metres, plus a short hole (LT- 22-173A) drilled at moderate angle.
These vertical and high angle holes are expected to yield up to 25 tonnes of mineralized
drill core from which composite samples will be generated for independent metallurgical
processing and flake graphite concentrate recovery, and for subsequent concentrate
purification and battery applications and performance tests.
• Excluding seventeen (17) holes remaining to be logged in detail, a total of 3,760 core
samples, ranging between 1 to 3 metres in length, have been selected so far for
geochemical analysis, of which approximately 75% are for graphitic carbon analysis and
25% are for dolomite analysis (major oxides and trace elements). Core splitting and
sample preparation are underway at IOS Services Géoscientifiques Inc. (“IOS”)
laboratories in Saguenay, Québec.
• Pulverized samples are being expedited to COREM in Québec -City for graphitic carbon
(Cg) and total sulfur (S(tot)) determinations, or for whole rock analysis for the dolomite,
with 10% duplicates sent to Activation Laboratories in Ancaster, Ontario. The bulk of the
analytical work is expected to require up to four months to be completed.
Analytical results from the 2022 core drilling program will be released by the Company as they
are received from COREM and following QA\QC verification and data compilation and analysis
by IOS. Please monitor the Company’s website at ( www.focusgraphite.com) and regulatory
filings on SEDAR (www.sedar.com) for the latest news on the Lac Tétépisca project.
Service providers, field and laboratory methods, and QA/QC protocols
The 2022 core drilling program at the Lac Tétépisca project was designed and operated by IOS
Services Géoscientifiques Inc. (“ IOS”) of Saguenay, Québec, under the supervision of Table
Jamésienne de Concertation Minière (“ TJCM”) of Chibougamau, Québec, acting as an
independent technical adviser to the Company. Drilling was performed by Forage G4 of Val -
d'Or, Québec using a single drill rig.
Starting in March 2022, drill core boxes for each hole were packaged by sequential numbers
onto pallets in the field by IOS personnel and then shipped by truck every 2 weeks to IOS’s
facilities in Saguenay where they were archived. Sampling has been conducted with a diamond
saw, with NQ-diameter core from the Southwest MOGC and West Limb targets being halved,
while all HQ -diameter core from the MOGC deposit was quartered. S ample preparation work
consisting of crushing and grinding began last September and is expected to be completed by
next January. Pulverized splits are sent to COREM, an ISO/IEC 17025:2005 certified facility
located in Québec City, for graphitic carbon (code LSA -M-B10) and total sulphur (code LSA -M-
B41) analysis using LECO induction furnace with infrared spectrometry. Pulverized split
samples of dolomitic marble are sent to COREM for main oxide analysis by X- ray fluorescence
analysis on borate glasses (Code: LSA-M- A32) with 10% of samples analyzed for 25 trace
element analysis using ICP -OES and ICP-MS after an aqua- regia digestion ( Code LSA-OEP
and LSA-MSP).
The analytical quality control program for the Lac Tétépisca project is designed and
implemented by an IOS chemist and is identical to the one used for previous drill programs at
Lac Tétépisca or at the Company’s Lac Knife project. Under the QA/QC program, about 10% of
the core samples will also be analyzed by COREM for total carbon (code LSA -M-B45), organic
carbon (code LSA -M-B58) and inorganic carbon (code LSA -M-B11). The same 10% of the
samples are duplicated and sent to ACTLABS Laboratories of Ancaster, Ontario (ISO/IEC
17025:2005 with CAN-P- 1579) for graphitic carbon (code 5D – C Graphitic) and total sulphur
(code 4F – S Combustion infrared detection) determinations and for 35 trace element analysis
using ICP-MS after an aqua-regia digestion (code 1E2 – Aqua Regia). About 15% of reference
materials are inserted in the sample sequences, either certified or internal reference material
samples (CDN- GR1, CMRI12, Oreas -724, GLC -004, NSC -DC-60119, NSC -DC-60120, NSC -
DC-60121), duplicates (quarter -split core, crushing or grinding duplicates), and preparation
blanks.
Qualified Persons
Mr. Marc -André Bernier, géo. (QC), P.Geo. (ON), M.Sc., Senior Geoscientist for Table
Jamésienne de Concertation Minière, a consultant to the Company and a Qualified Person as
defined under National Instrument (NI) 43 – 101 Standards of Disclosure for Mineral Projects
has reviewed and approved the technical content this news release.
About the Lac Tétépisca Graphite Project
Focus Graphite’s 100% -owned Lac Tétépisca Graphite Project is located in the Southwest
Manicouagan reservoir area of the Côte-Nord region of Québec, one of North America’s leading
emerging flake graphite districts. The project lies o n the Nitassinan of the Pessamit , 234 km
north-northwest of the city of Baie- Comeau, an industrial city located where the Manicouagan
River intersects the north shore of the St. Lawrence River. It comprises two contiguous
properties, Lac Tétépisca and Lac Tétépisca Nord. Together, the two properties form a block of
126 map-designated claims (total area: 6, 785.14 ha). Focus purchased a 100% unencumbered
interest of the mineral rights in the 67 CDC claims constituting the original Lac Tétépisca
property from a third party in August 2011. The Lac Tétépisca Nord property was map-staked by
the Company in 2012. The Lac Tétépisca Project is accessible year -round by way of a network
of secondary gravel roads that extend north from Highway 389, 10 km to the south of the Manic
5 hydroelectric power station.
The Lac Tétépisca proje ct hosts the Manicouagan Ouest Graphitic Corridor (“MOGC”) graphite
deposit with a pit -constrained Indicated resource of 59.3 Mt tonnes (“Mt”) grading 10.61%
Graphitic Carbon1,2 (“Cg”) for an estimated content of 6.3 Mt of natural flake graphite (in- situ),
and an Inferred resource of 14.9 Mt grading 11.06% Cg 1,2 for an estimated content of 1.6 Mt of
natural flake graphite (in-situ)
1A cut-off grade of 3.9% Cg was applied to all estimates.
2Source: “NI 43 -101 Technical Report Mineral Resource Estimate Lac Tétépisca Graphite Project, Québec” by DRA
America’s Inc., dated April 4, 2022, available on www.sedar.com/, under Focus graphite Inc.
Additional maps of the Lac Tétépisca property showing the location of the MOGC graphite
deposit, along with drill sections, are available on the Company’s website at
www.focusgraphite.com.
About Focus Graphite
Focus Graphite Inc. is an advanced exploration company with an objective of producing flake
graphite concentrate at its wholly owned Lac Knife and Lac Tétépisca flake graphite projects
located in the Côte -Nord administrative region of Québec. In a second stage, to meet Québec
stakeholder interests in developing second transformation industries within the province and to
add shareholder value, Focus is evaluating the feasibility of producing value added specialty
graphite products including battery-grade spherical graphite.
Focus Graphite is a technology -oriented graphite development company with a vision for
building long-term, sustainable shareholder value. Focus also holds a significant equity position
in graphene applications developer Grafoid Inc. For more information about Focus Graphite,
please visit www.focusgraphite.com.
For more information about Focus Graphite and the Company’s Lac Tétépisca and Lac Knife
projects, please visit Focus’s website at www.focusgraphite.com or contact:
Kimberly Darlington
Communications, Focus Graphite
Judith Mazvihwa-MacLean
CFO, Focus Graphite
(613) 581-4040
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of
the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements
This press release contains "forward- looking information" within the meaning of Canadian
securities legislation. All information contained herein that is not clearly historical in nature m ay
constitute forward- looking information, including references to the plans and project of the
Company such as proceeding with production at the Company’s Project, proceeding with
exploration activities on its permits on Lac Tétépisca. Generally, such for ward-looking
information can be identified by the use of forward- looking terminology such as “potential”,
“high-potential”, “expected”, “optimistic”, “looking forward”, “moving forward”, or variations of
such words and phrases or state that certain actions, events or results "may", "could", "would"
or "might". Forward -looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those expressed or implied by
such forward- looking information, including but not limited to: (i) volatile stock price; (ii) the
general global markets and economic conditions; (iii) the possibility of write -downs and
impairments; (iv) the risk associated with exploration, development and operations of mineral
deposits; (v) the risk associated with establishing title to mineral properties and assets; (vi)
fluctuations in commodity prices; (vii) the risks associated with uninsurable risks arising during
the course of exploration, development and production; (viii) competition faced by the issuer in
securing purchasers, off -taker markets, clients and experienced personnel and financing; (ix)
access to adequate infrastructure to supp ort mining, processing, development and exploration
activities; (x) the risks associated with changes in the mining regulatory regime governing the
issuer; (xi) the risks associated with the various environmental regulations the issuer is subject
to; (xii) risks related to regulatory and permitting delays; (xiii) risks related to potential conflicts of
interest; (xiv) the reliance on key personnel; (xv) liquidity risks; (xvi) the risk of litigation; and
(xvii) risk management.
Forward-looking information is based on assumptions management believes to be reasonable
at the time such statements are made, including but not limited to, continued exploration
activities, no material adverse change in metal prices, exploration, and development plans to
proceed in accordance with plans and such plans to achieve their stated expected outcomes,
receipt of required regulatory approval, and such other assumptions and factors as set out
herein. Although the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in the forward- looking information, there
may be other factors that cause results not to be as anticipated, estimated or intended. There
can be no assurance that such forward- looking information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such forward- looking
information. Such forward- looking information has been provided for the purpose of assisting
investors in understanding the Company's business, operations and exploration plans and may
not be appropriate for other purposes. Accordingly, readers should not place undue reliance on
forward-looking information. Forward- looking information is given as of the date of t his press
release, and the Company does not undertake to update such forward- looking information
except in accordance with applicable securities laws.