Strategic Graphite plans to restart a mine near Port Lincoln by the end of the year and list on the ASX A company which owns a graphite deposit near Port Lincoln aims to list on the Australian Securities Exchange by the end of the year. Strategic Graphite, which is one-fifth owned by Strategic Energy Resources, said it plans to restart graphite production by this time. A mine at the Uley project 23km from Port Lincoln was operated for a brief time in 1993, producing 1025 tonnes of product, but was mothballed soon after. Strategic Graphite said it had done a scoping study which showed it could produce 50,000 tonnes of product a year at below $550 per tonne, with the average selling price across a range of products $US1400 per tonne. Through the end of 2013, we plan to commence processing for sale of graphite from existing stockpiles which contain over 8000 tonnes of graphite with expected revenues of $12 million over the next year. During 2014, we aim to commence production and sales from a new open pit and processing facility to increase production to 50,000 tonnes a year. Preparation for an ASX listing and an associated capital raising are well advanced. We will soon provide you with further information on the capital raising and a shareholder meeting to approve a share consolidation required prior to the ASX listing. The company said its Uley deposit had a resource of 6.6 million tonnes at 8.7 per cent graphite. Strategic Energy Resources shares were 9 per cent higher at 3.6c.