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SRG Graphite Files NI 43-101 Preliminary Economic Assessment Report for Lola Graphite Deposit
MONTREAL, Aug. 3, 2018 /CNW Telbec/ - SRG Graphite Inc. (TSXV: SRG) ("SRG" or the "Company") today announced that it has filed, on August 2, 2018, its National
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[{"type":"text","content":" MONTREAL, Aug. 3, 2018 /CNW Telbec/ - SRG Graphite Inc. (TSXV: SRG) (\"SRG\" or the \"Company\") today announced that it has filed, on August 2, 2018, its National Instrument 43-101 (\"NI 43-101\") Preliminary Economic Assessment study (\"PEA\") for the development of its Lola graphite project in the Republic of Guinea, West Africa, on SEDAR, as reported in its news release dated July 10, 2018. Highlights of the Lola graphite PEA: Production of 50,200 tons of graphite concentrate per year over a 16-year mine life Capital costs of $105 million (\"M\") including contingency of $15M Operational costs of $372/tonne (\"t\") of concentrate and $130/t of transport Pre-tax NPV (8%) of $204M (post-tax NPV (8%) of $121M) at an average sales price of $1,328/t Project pre-tax IRR of 35% and post-tax IRR of 25% Finished grade of over 94% and up to 98% over all size fractions Strip ratio of 0.39 The NI 43-101 PEA was prepared by Montréal-based Met-Chem, a division of DRA Americas Inc. (\"Met-Chem/DRA\"). All dollar figures are in United States dollars. The Lola Graphite Project is under the direct supervision of Raphaël Beaudoin, P.Eng., Dr. Marc-Antoine Audet, P.Geo, Ph.D (Geology) is the Qualified Person (\"QP\") as defined by National Instrument 43-101. The NI-43-101 Technical Report may be referenced on SRG's website at www.srggraphite.com and on SEDAR at www.sedar.com. About Met-Chem/DRA Met-Chem, a division of DRA Americas Inc., was originally established in 1969 as a consulting engineering company, headquartered in Montreal, and provides a wide range of technical and engineering services. Met-Chem is well recognized for its capabilities in mining, geology and mineral processing and has a talented team of engineering, technical and project management personnel with experience in North America, Latin America, Europe, West Africa and India. DRA is a multidisciplinary global engineering group that originated in South Africa and delivers mining, mineral processing, energy, water treatment and infrastructure services from concept to commissioning, as well as comprehensive operations and maintenance services for the mineral resources, water, agriculture and energy sectors. DRA has offices in Africa, Australia, Canada, China, India and the United States. ABOUT SRG SRG is a Canadian-based company focused on developing the Lola graphi...