Mason Graphite provides corporate update

About this update from Transoceanic Investments Inc.

[{"type":"text","content":"\n\n\nMONTREAL, Oct. 2, 2013 /CNW/ - Mason Graphite Inc. (\"Mason Graphite\" or the \"Company\") (TSX.V: LLG) is pleased to provide\n an update on its recent corporate developments.\n\n\nRecent and Upcoming Milestones \n\n\nSince acquiring the Lac Guéret project in April 2012, Mason Graphite has\n achieved the following important milestones that are critical to\n advancing the project towards the development of a mine.\n\n\n\n\n\nRecent Milestones\n\n\n\n  • Acquisition of Lac Guéret project (April 2012)\n  • TSX Venture Exchange listing (October 2012)\n  • Completion of a 26,500 metre drilling program (2012)\n  • Completion of an initial NI 43-101 mineral resource estimate (July\n 2012)\n  • Results from initial metallurgical test work (February 2013)\n    *see press release dated February 22, 2013\n        • Graphite recoveries in excess of 96%\n        • 29% large flake graphite\n        • 96.3% concentrate purity (+150 mesh cumulative)\n  • Completion of a Preliminary Economic Assessment (April 2013)\n    *see complete technical report on SEDAR or masongraphite.com\n        • 22 years of production at 27.4% Cgr (LOM)\n        • Direct capital costs of $89.9M\n        • Production costs of $390/tonne\n  • Completion of a $5 million financing (June 2013)\n        • $24,233,210 raised since April 2012\n  • Receipt of purification test results (September 2013)\n\n\n\n\n \n\n\nThe Company expects to complete a number of important de-risking events\n in the upcoming months, including the initiation of a definitive\n Feasibility Study and piloting program. Mason Graphite also intends to\n initiate the permitting process for the Lac Guéret project by filing an\n environmental baseline study. Expected upcoming milestones are listed\n in the tabl...

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