ASX-listed Metals Australia’s Canadian subsidiary Northern Sources has reported sturdy prefeasibility examine (PFS) outcomes for the Lac Carheil graphite mission, in Québec.
The examine confirms not solely viability of a proposed flake graphite focus plant but additionally the upstream element of the corporate’s absolutely built-in graphite mission on a standalone foundation. The corporate says its deliberate flake graphite focus plant is strongly positioned to help future North American and world battery provide chains.
The PFS confirms for a capital funding of $346-million the mission can produce 101 241 t/y of excessive purity graphite focus over a 24-year mine life.
The examine delivers a pre-tax internet current worth of C$790-million, or $553-million, with a 22% inside price of return and payback interval of 4.2 years.
The Lac Carheil mission is underpinned by a maiden ore reserve of 21.51-million tonnes grading 11.14% compacted graphite for about 2.4-million tonnes of contained graphite.
The mission is situated close to Fermont, with entry to established regional infrastructure and native communities. The mission is anticipated to create 143 full time jobs from 2030, rising to 183 full time jobs over the lifetime of the mission.
Northern Sources will now advance the mission in the direction of closing feasibility.
“Our absolutely built-in graphite mission in Québec continues to impress. The outcomes we now have reported from our PFS display that the upstream mine and flake graphite focus plant mission, situated close to Fermont, is economically enticing on a standalone foundation.
“We see the mission as Canada’s subsequent absolutely built-in excessive purity graphite mission – and we stay steadfast in our endeavour to progress it in the direction of growth,” says Metals Australia CEO and Northern Sources president Paul Ferguson.
