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Nouveau Monde Mining Enterprises Inc.
Summary
| Project: | Matawinie | |
|---|---|---|
| Deposit: | West Zone | |
| Location: | Canada | |
| Commodities: | Graphite | |
| Date: | 6/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 28-6-2018: Nouveau Monde Mining Enterprises Inc. announces a Resource Estimation report for its West Zone deposit at the Matawinie project. Updated mineral resource estimate at the project. SAINT-MICHEL-DES-SAINTS, QUEBEC – Nouveau Monde Graphite Inc. (TS | |
| Resources: | (Resource): 95.8Mt @ 4.28% Cg (Ind.), 14.0Mt @ 4.19% Cg (Inf.) | |
| CP/QP: | [Resources]: Yann Camus (SGS Canada Inc.) | |
| ABSTRACT: | SAINT-MICHEL-DES-SAINTS, QUEBEC – Nouveau Monde Graphite Inc. (TSX-V: NOU) (“NMG” or “Nouveau Monde”) is pleased to announce the results of an updated pitconstrained Mineral Resource Estimate (the “Current Resource”) concerning its West Zone Deposit, located on the Tony claim Block, part of its Matawinie graphite Property. Nouveau Monde’s President and CEO Eric Desaulniers commented: “Our recent work has nearly tripled our Indicated Mineral Resources while only increasing the maximum width of the pit envelope by 30 m.” Desaulniers adds: “Industry leading market analysis has indicated that a globalsupply deficit of natural graphite is expected by 2022-23 principally caused by the phenomenal growth in the lithium-ion battery market. With this Current Resource, we are now working towards an optimized mining plan with a projected flake concentrate production output of around 100,000 tonnes per year. While the parameters used to generate the pit envelope were different than those used for the prefeasibility resource estimate, they should favorably influence the project’s economics.” | |
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