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Mason Graphite Inc.
Summary
| Project: | Lac Gueret | |
|---|---|---|
| Deposit: | Lac Gueret | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 12/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 5-12-2018: Mason Graphite Inc. announces a Feasibility Study report for its Lac Gueret deposit at the Lac Gueret project. Updated Feasibility results incl. post-tax NPV of US $278M (8%), IRR of 21.7%, 25yr LOM at project. MONTREAL, Dec. 05, 2018 -- Mason | |
| Resources: | (Reserve, P+P): 4.741Mt @ 27.77% Cg for 1.317Mt Graphite in-situ | |
| CP/QP: | [Overall Report]: Angelo Grandillo, Jeffrey Cassoff (BBA Inc.) | |
| ABSTRACT: | MONTREAL, Dec. 05, 2018 -- Mason Graphite Inc. (“Mason Graphite” or the “Company”) (TSX.V: LLG; OTCQX: MGPHF) presents detailed updated economics for the Lac Guéret graphite project (the “Project”). On October 25th, 2018, Mason Graphite communicated its new construction budget for the Project in its Corporate and Project update. This new budget is part of a full update of the economics of the Project (“Project Economics”). Benoît Gascon, President and Chief Executive Officer of Mason Graphite, commented: “As we are completing the detailed engineering, have started receiving equipment and have begun pre-construction work at mine site, we have updated the economics of the project. This update demonstrates, once again, that our project remains financially very robust and is becoming a reality at the dawn of an imminent and unique growth period for natural graphite, driven by the Li-ion batteries and electric vehicles revolution, expected for many years. Furthermore, this does not take into account the potential returns of the value-added and Li-ion battery materials program, another very strong upside potential for our shareholders.” The technical and financial data was prepared by GoldMinds Geoservices, BBA and Soutex and validated by Qualified Persons, all independent of Mason Graphite. | |
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