Mason Graphite announces robust preliminary economic assessment results, featuring 22 years of production at 27.4% Cgr and an IRR of 33.7%

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[{"type":"text","content":"\n\n\n\n\n\n\n\n\nMONTREAL, April 22, 2013 /CNW/ - Mason Graphite Inc. (\"Mason Graphite\"\n or the \"Company\") (TSX.V: LLG) reports strong results of a Preliminary\n Economic Assessment study (\"PEA\") for the development of its 100%-owned\n Lac Guéret graphite project in northeastern Quebec.\n\n\n\n\nFinancial Highlights\n\n\n\n\n● Initial direct capital costs of $89.9M\n\n\n\n\n● Production costs of $390 per tonne of finished product\n\n\n\n\n● $364M pre-tax NPV (8% discount); $283M pre-tax NPV (10% discount)\n\n\n\n\n● 33.7% pre-tax Internal Rate of Return\n\n\n\n\n● Payback period of 2.5 years\n\n\n\n\n● 22-year mine life\n\n\n\n\n● Average sales price of $1,525 per tonne\n\n\n\n\n\n\n\n\n\n\n\n\nOperational Highlights\n\n\n\n\n● Annual production of 50,000 tonnes of graphite concentrate\n\n\n\n\n● 27.4% average LOM graphite content in the mineralization\n\n\n\n\n● Graphite recovery above 96%\n\n\n\n\n● Up to 96.4% Cgr of finished product purity\n\n\n\n\n● Stripping ratio of 0.76:1\n\n\n\n\n \n\n\nCautionary Note: A PEA is preliminary in nature and includes Inferred\n Mineral Resources, which are considered too geologically speculative to\n have mining and economic considerations applied to them that would\n enable them to be categorized as mineral reserves. Mineral resources\n that are not mineral reserves do not have demonstrated economic\n viability.  There is no certainty that the reserves development,\n production, and economic forecasts on which the PEA is based will be\n realized.\n\n\nBenoît Gascon, CEO of Mason Graphite commented, \"We are very pleased\n with the excellent results of the PEA, which demonstrates a low cost\n project with robust economics. Our senior management team has decades\n of cumulative experience producing and selling graphite, and with our\n partners, we have delivered a technically sound, realistic, and highly\n profitable project. The completion of the PEA is a significant\n milestone for the project and demonstrates that the Lac Guéret mine has\n the potential of becoming a reliable and long term global supplier of\n high quality graphite. We now intend to proceed with the next phase of\n development in order to bring this exceptional asset one step closer to\n production.\"\n\n\n...

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