TORONTO, March 14 (Bernama) -- Gratomic Inc. ( "Gratomic " or the "Company ") (TSX-V:GRAT) (FRANKFURT:CB81) (WKN:A2JAP3) is pleased to announce that the Republic of Namibia has granted it an additional Exclusive Prospecting Licence, Number 6710 ( "EPL 6710 "). Title to EPL 6710 is registered to Luxury Investments Two Hundred and Sixty Four (PTY) Ltd., a Namibian company, of which the Company holds 91%. The remaining 9% is held by a Local Namibian pursuant to the Republic of Namibia's New Equitable Economic Empowerment Framework (www.opm.gov.na/neeef). EPL 6710 has an initial exclusivity period of 3 years.
EPL 6710 is located immediately east and north of, and contiguous with EPL 3895 that covers the Aukam graphite deposit and the Snyman graphite occurrence. The application for EPL 6710 was submitted in order to cover the potential strike extension of the Snyman graphite occurrence to the east. In addition, EPL 6710 covers additional area prospective for graphite within the "Aukam window " where the rocks hosting the Aukam and Snyman graphite are exposed beneath the regional unconformity at the base of the Nama Group sedimentary rocks. The addition of the new EPL increases the area of prospective geology covered to 63,072 hectares (630 square kilometres).For the full text, click here.