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SRG Graphite Inc.
Summary
| Project: | Lola | |
|---|---|---|
| Deposit: | Lola | |
| Location: | Guinea | |
| Commodities: | Graphite | |
| Date: | 7/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-7-2018: SRG Graphite Inc. announces a PEA report for its Lola deposit at the Lola project. PEA results incl. post-tax NPV of US $204M (7%), IRR of 34.8%, 16yr LOM at the project. MONTREAL, July 10, 2018 /CNW Telbec/ - SRG Graphite Inc. (TSXV: SRG) ("SR | |
| Resources: | (Resource): 2.06Mt @ 6.07Cg (Inf.) + 12.2Mt @ 5.55% Cg (M+I) at Lola | |
| CP/QP: | [Overall Report]: Silvia Del Carpio (Met-Chem Canada Inc) | |
| ABSTRACT: | MONTREAL, July 10, 2018 /CNW Telbec/ - SRG Graphite Inc. (TSXV: SRG) ("SRG" or the "Company") is pleased to announce results of a Preliminary Economic Assessment study ("PEA") for the development of its Lola graphite project in the Republic of Guinea, West Africa. The PEA was prepared by Montréalbased Met-Chem, a division of DRA Americas Inc. ("Met-Chem/DRA"). All dollar figures are in United States dollars. "These results highlight the value of the Lola graphite asset for the company" said Ugo Landry-Tolszczuk, President and Chief Operating Officer of SRG, "that said, the team will continue to work on improving the design and economics of the project. During our trade-off assessment work, we have found several key points of improvement to incorporate in the feasibility study. Early works which will contribute to the next stage in the development of the project is underway and we are dedicated to meeting our objectives for the year." The PEA follows the Mineral Resource Estimate published on June 18, 2018. A technical report detailing the PEA, and completed in accordance with National Instrument (NI) 43–101 guidelines, will be filed and available on SEDAR within 45 days from June 18, 2018, the release date of the mineral resource update published by the Company. Effective date of the estimate is June 14, 2018. | |
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