For thousands of other reports visit RSC's Mineral Intellingence Map
SRG Graphite Inc.
Summary
| Project: | Lola | |
|---|---|---|
| Deposit: | Lola | |
| Location: | Guinea | |
| Commodities: | Graphite | |
| Date: | 7/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-7-2019: SRG Graphite Inc. announces a Feasibility Study report for its Lola deposit at the Lola project. Feasibility Study results incl. post-tax NPV (8%) of $159M, IRR of 21%. MONTREAL, July 4, 2019 /CNW Telbec/ - SRG Mining Inc. (TSXV: SRG) ("SRG" or | |
| Resources: | (Reserve, P+P): 42.0Mt @ 4.17% Cg | |
| CP/QP: | [Resources]: Desmond Subramani (Caracle Creek International Consulting Inc.) | |
| ABSTRACT: | MONTREAL, July 4, 2019 /CNW Telbec/ - SRG Mining Inc. (TSXV: SRG) ("SRG" or the "Company") is pleased to announce the results of its Feasibility Study ("FS") for the development of the Lola graphite project in the Republic of Guinea, West Africa. The FS was prepared by Montrealbased DRA/Met-Chem, a division of DRA Americas Inc. ("DRA/Met-Chem"). All dollar figures are in United States dollars. The FS was officially started in September 2018 and has been produced with the input of numerous engineering and consulting firms, notably DRA/Met-Chem, Epoch, BBA, Sahara Natural Resources, MDEng, SGS Canada, CCIC, and Jenike & Johanson. Included in the FS is an updated resource calculation, which follows the Company's 2018 drilling campaign, bringing the total resource to 46.0 million tonnes ("Mt") of measured and indicated resources grading 4.09% graphitic carbon ("Cg"). "These results are the culmination of many months of studies to de-risk the project and add to its robustness" said Ugo Landry-Tolszczuk, President and Chief Operating Officer of SRG. "The economic highlights present a highly profitable business using reasonable estimates for graphite selling price. Basic engineering will focus on improvements in the front-end of the plant, tailings management, and reducing the mining footprint." | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report