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Focus Graphite Inc.

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Summary

Project:

Kwyjibo

Deposit:Kwyjibo
Location:Canada
Commodities:Rare Earth
Date:10/22/2018
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing Pre-Feasibility Study
Report details:22-10-2018: Focus Graphite Inc. announces a PEA report for its Kwyjibo deposit at the Kwyjibo project. Amended PEA for clarification and additional information. Kingston, Ontario – (June 28, 2018) - Focus Graphite Inc. (“Focus”) (FMS: TSX-V; OTCQX: FCSMF;
Resources:(Resource, M+I): 6.916Mt @ 2.72% TREO, 53.12% Fe2O3, 4.44% P2O5
CP/QP:[Resources]: Schadrac Ibrango (Met-Chem Canada Inc)
ABSTRACT:Kingston, Ontario – (June 28, 2018) - Focus Graphite Inc. (“Focus”) (FMS: TSX-V; OTCQX: FCSMF; FSE: FKC) and partner SOQUEM Inc. ("SOQUEM") are pleased to announce the results of the Preliminary Economic Assessment (“PEA”) for the Kwyjibo Rare Earth Element (“REE”) Project (“Kwyjibo”), based on a maiden resource estimate and preliminary metallurgical testwork. The Kwyjibo Project is located 125 km northeast of the port city of Sept-Iles, Québec, Canada. The Kwyjibo project is a Joint Venture between Focus (50%) and SOQUEM Inc. (50%) with SOQUEM acting as Operator. On behalf of the joint venture partners, Focus Graphite President and CEO Gary Economo stated: “We are very pleased with the results of the PEA, which suggest that the Kwyjibo REE Project is unique in Québec in terms of geological setting, style of mineralization and economic potential. The results not only demonstrate that significant progress has been made in moving the project from the exploration phase to the mineral deposit appraisal phase, but also that the potential to expand REE resources at depth, together with refinements in the hydrometallurgical recovery process and other technical improvements, could result in significant benefits for the project’s economics. Clearly, additional work is warranted at Kwyjibo.”

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