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Nouveau Monde Mining Enterprises Inc.
Summary
| Project: | Matawinie | |
|---|---|---|
| Deposit: | Matawinie | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 10/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 25-10-2017: Nouveau Monde Mining Enterprises Inc. announces a Pre-Feasibility Study report for its Matawinie deposit at the Matawinie project. Initial mineral reserve and prefeasibility study results incl. post-tax NPV(8%) $297.2M, IRR of 25.9%. Saint-Mic | |
| Resources: | (Reserve, Prob.): 33.0Mt @ 4.39% Cg at West Zone | |
| CP/QP: | [Overall Report]: Celine Charbonneau (DRA Global) | |
| ABSTRACT: | Saint-Michel-des-Saints, QUEBEC - Nouveau Monde Graphite Inc. (“Nouveau Monde”) (TSX VENTURE: NOU) is pleased to announce the results of a Prefeasibility Study (“PFS”) covering the West Zone of the Tony Claim Block, part of its Matawinie graphite Property. The PFS was prepared by Met-Chem, a division of DRA Americas Inc. (“MC-DRA”), an experienced and renowned engineering firm. Eric Desaulniers, President and Chief Executive Officer of Nouveau Monde, stated: “The rapid advancement of our Matawinie Project continues to be highly encouraging with the announcement of this robust PFS reconfirming that Nouveau Monde can become a reliable longterm supplier of quality natural flake graphite. In comparison with the results of the Preliminary Economic Assessment issued in June 2016, the results of the PFS show significant improvements. On the back of this PFS, we are excited about promptly moving the project forward by carrying out a feasibility study.” The Mineral Reserve estimate was prepared by MC-DRA, using the Mineral Resource estimate prepared by SGS and released by Nouveau Monde on March 2nd, 2017. The Mineral Reserves are included in the Indicated Mineral Resources that have been identified as being economically extractable and which incorporate mining losses and the addition of waste dilution. In addition, mineral reserve estimation considers the design of an operational pit that will form the basis of the production plan. This pit design uses the economic pit shell as a guideline and includes smoothing the pit walls, adding ramps to access the pit bottom and ensuring that the pit can be mined using the initially selected equipment. | |
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