Business
Mason Graphite files Preliminary Economic Assessment Technical Report for its Lac Guéret Project
MONTREAL , June 6, 2013 /CNW/ - Mason Graphite Inc. ("Mason Graphite" or the "Company"...
About this update from Transoceanic Investments Inc.
[{"type":"text","content":"\n\n\nMONTREAL, June 6, 2013 /CNW/ - Mason Graphite Inc. (\"Mason Graphite\" or the \"Company\") (TSX.V: LLG) has filed a National\n Instrument 43-101 compliant technical report dated June 6, 2013\n entitled \"NI 43-101 Technical Report on the Preliminary Economic\n Assessment, Lac Guéret Graphite Project, Québec-Canada\" under its\n profile on SEDAR at www.sedar.com and its website at www.masongraphite.com. The report contains a comprehensive breakdown of the preliminary\n economic assessment (\"PEA\") of the Company's 100% owned Lac Guéret\n Project, the results of which were announced in a news release dated\n April 22, 2013.\n\n\nPEA Highlights \n\n\n\n\nFinancial Highlights\n\n\n      - Initial direct capital costs of $89.9M\n\n\n      - Production costs of $390 per tonne of finished product\n\n\n      - $364M pre-tax NPV (8% discount); $283M pre-tax NPV (10%\n discount)\n\n\n      - 33.7% pre-tax Internal Rate of Return\n\n\n      - Payback period of 2.5 years\n\n\n      - 22-year mine life\n\n\n      - Average sales price of $1,525 per tonne\n\n\n\n\n\nOperational Highlights\n\n\n      - Annual production of 50,000 tonnes of graphite concentrate\n\n\n      - 27.4% average LOM graphite content in the mineralization\n\n\n      - Graphite recovery above 96%\n\n\n      - Up to 96.4% Cgr of finished product purity\n\n\n      - Stripping ratio of 0.76:1\n\n\n\n\nFull technical details and notes for the PEA can be found in the\n technical report entitled \"NI 43-101 Technical Report on the\n Preliminary Economic Assessment, Lac Guéret Graphite Project, Quebec,\n Canada\" dated June 6, 2013 and effective April 22, 2013, which is\n available under Mason Graphite's profile on SEDAR at www.sedar.com and on Mason Graphite's website at www.masongraphite.com.\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 ...