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Mine Construction on Schedule for NextSource Materials Molo Graphite Project in Madagascar
TORONTO, ON / ACCESSWIRE / August 18, 2021 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NS...
About this update from Nextsource Materials Inc
[{"type":"text","content":"Mine Construction on Schedule for NextSource Materials Molo Graphite Project in MadagascarTORONTO, ON / ACCESSWIRE / August 18, 2021 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) (\"NextSource\" or the \"Company\") is pleased to announce that its mine construction schedule is on track and on budget for its Molo Graphite Project in Madagascar.Progress development highlights include:Construction is on track, with all major equipment fabricated and ready to be received by the EPCOverall project progress exceeds 25% completionPersonnel have been mobilized to site in MadagascarSite works are on schedule to commence in Q3/Q4 2021Plant equipment installation at site is on schedule to begin in Q1/Q2 2022Mine is fully funded and on schedule to commission in Q2 2022The Company's engineering, procurement, and construction management (\"EPCM\") contractor, Erudite Strategies Ltd., reports that the attrition and ball mills, crushers, flotation columns, screeners, feeders, mixing tanks, bagging and drying systems have been fabricated and are ready for assembly. These comprise the major components of the Molo mine processing plant.This equipment will shortly be received by the Company's engineering, procurement, and construction (\"EPC\") firm, in order to begin assembling the modules. The EPC firm specializes in the design, engineering, construction and assembly of fully modular processing plants, and is the reason that the Company's Molo mine is able to have a very low mine capital cost (\"CAPEX\") versus its competition and can reach the commissioning stage inside of 12 months from initiation of construction.Company personnel have been mobilized to Madagascar to begin preparations for site works, which are on schedule to commence in Q3/Q4 2021. Plant equipment is on track to be delivered to site in Q1 2022, with plant equipment module installation at site on schedule to begin in Q1/Q2 2022.The various challenges associated with the construction of a mine during a global pandemic have been mitigated through the fabrication and assembly of the processing plant as a modular, ‘turn-key' facility. This construction philosophy has enabled small, nimble technical teams to work on their components of the Molo mine in isolation, while minimizing the personnel and time required throughout the construction process.Fully Funded to Producti...