Amsterdam, 8 May 2017 --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce that Graphit Kropfmuhl GmbH ("AMG Graphite") has successfully completed the commissioning process at its Ancuabe graphite mine in the Cabo Delgado province of Mozambique. AMG Graphite is an operating division of AMG and an affiliate of Alterna Capital Partners LLC ("Alterna").
Production activities will restart in May 2017, with a projected annual production capacity of 9,000 metric tons. AMG Graphite is the first and currently sole graphite producer in the Ancuabe area of Mozambique.
AMG's Mozambique assets include permitted mining concession 4C which encompasses the functional graphite producing plant at Ancuabe and exploration license 3659L at Nipacue, where a graphite deposit with a JORC compliant mineral resource estimate of 900,000 metric tons has been developed.