Business
Northern Graphite Third Quarter Operational and Development Project Update
Ottawa, Ontario--(Newsfile Corp. - November 9, 2022) - Northern Graphite Corporation  (TS...
About this update from Northern Graphite Corporation
[{"type":"text","content":"Northern Graphite Third Quarter Operational and Development Project UpdateOttawa, Ontario--(Newsfile Corp. - November 9, 2022) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPH) (FSE: ONG) (XSTU: ONG) (the \"Company\" or \"Northern\") is pleased to provide a third quarter update on its operations at the Lac des Iles (\"LDI\") Quebec graphite mine and the Okorusu/Okanjande project in Namibia as well as its plans to expand mine concentrate production and build the capacity to upgrade it into battery anode material (\"BAM\") in North America and Europe. Lac des Iles The LDI operation continued to perform well in the third quarter with 53,263 tonnes of ore milled at an average feed grade of 6.4% graphite. Recovery was 89.3% resulting in concentrate production of 3,068 tonnes with an average grade of 96.9% (versus 96.0% in the previous 2 months), and a flake size distribution of 13.5% +50 mesh, 22.3% -50 by +80 mesh, 20.5% -80 by +150 mesh and 43.7% -150 mesh. There was a significant drop in the strip ratio to 4.4:1 resulting in reduced mining and hauling costs per tonne of ore mined. A scheduled annual two week shutdown was implemented during July/August to allow for planned maintenance in the plant on key items of process equipment and minor repairs to some support structures.Lac des Iles Q3 Highlights include:Sales1 Tonnes shipped  2,163Tonnes sold  2,184Sales (US$)  3,436,144Average selling price (US$ per tonne)  1,573    Operations Tonnes mined (ore + waste)  284,896Tonnes of ore processed  53,263Tonnes of graphite concentrate produced  3,068Average concentrate grade  96.9%Process plant recovery  89.3%    Other No lost time accidents No serious environmental incidents  All figures are preliminary and may be subject to material, quarter end closing adjustments. Sales have been converted to USD from the CAD ledger using average monthly FXHugues Jacquemin, CEO, commented that: \"Our third quarter performance demonstrates that following the acquisition of Imerys SA's natural graphite division Northern has successfully established itself as the only North American graphite producer and a company with industry leading production growth prospects. As a result, we are idea...