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Graphite One Resources Inc.
Summary
| Project: | Graphite Creek | |
|---|---|---|
| Deposit: | Graphite Creek | |
| Location: | United States | |
| Commodities: | Graphite | |
| Date: | 1/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-1-2017: Graphite One Resources Inc. announces a PEA report for its Graphite Creek deposit at the Graphite Creek project. Clarified PEA results incl. post-tax NPV (10%) of US$616B, IRR of 22%. Graphite One Resources Inc. (GPH: TSXV, GPHOF: OTCQX) ("Grap | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: David R. Hembree (Internal) | |
| ABSTRACT: | Graphite One Resources Inc. (GPH: TSXV, GPHOF: OTCQX) ("Graphite One", “GPH” or the "Company") presents the post-tax financial results from its Preliminary Economic Assessment ("PEA") that the Company announced on January 25, 2017 for the development of its 100%‐owned Graphite One integrated, manufacturing project (the “Project”). At the request of IIROC the Company is clarifying the following disclosure from its news release disseminated on January 25, 2017. The PEA projects a Net Present Value (“NPV”) for the Project on a pre‐tax basis of US$1,037 million using a 10% discount rate, with an Internal Rate of Return (“IRR”) of 27%. On a post‐tax basis, the NPV is projected at US$616 million using a 10% discount rate, with an Internal Rate of Return (“IRR”) of 22%. Annual production of CSG and other graphite specialty materials is projected at 55,350 metric tonnes when full production is reached in Year 6. A minimum of 40 years of indicated and inferred resources grading 7% Cg (graphite) have been identified in the target exploitation zone to sustain full scale operations, notwithstanding additional potential resources immediately outside the target zone or the broader Graphite Creek property. | |
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