Issue link: http://resourceworld.uberflip.com/i/1190748
32 www.resourceworld.com D E C E M B E R / J A N U A R Y 2 0 2 0 LEADERS IN PROJECT GENERATION ACQUISITION & DEVELOPMENT A FULL SERVICE CONTRACT GEOPHYSICAL, GEOLOGICAL & DEVELOPMENT COMPANY SPECIALTY MINERALS & EXCEPTIONAL PROJECTS LITHIUM, COBALT, VANADIUM GRAPHITE, FRAC SANDS, HPQ (HIGH PURITY QUARTZ) CORRUNDUM, RARE EARTHS FLUORSPAR EXPLORING CLAYTON VALLEY & SURROUNDING AREAS FOR A DECADE ALWAYS PROSPECTING WWW.GEOXPLOR.COM Eagle Graphite Inc. [EGA-TSXV] reported that total Measured and Indicated contained graphite increased to over 250,000 tonnes with Inferred contained graphite increasing to over 300,000 tonnes at it Black Crystal Mine near Nelson, southern British Columbia. The company has a long-term off-take agreement with a leading US refractories company; requir- ing up to 12,500 tpa. The processing plant has a multi-stage flotation system and recirculation pond. Graphite One Resources Inc. [GPH- TSXV; GPHOF-OTCQB] is at an advanced stage for its 100%-owned Graphite Creek Project 59 km north of Nome, Alaska. An independent PEA stated that an estimated 44 million tonnes of graphite mineraliza- tion at 7% Cg would be available to be mined and, when processed in the plant at a recovery rate of 80% Cg, supports a proj- ect life of 40 years producing 60,000 tpy of graphite concentrate at 95% Cg, once full production is reached in year six. Graphite Creek mineral samples are being tested by a major US multinational electric vehicle manufacturer. Lomiko Metals Inc. [LMR-TSXV; LMRMF-OTCQX] is advancing the 80%- owned La Loutre and Lac Des Iles graphite properties and the 100%-owned Quatre Milles graphite property, all in southern Québec. The high-grade flake graphite is suitable for battery electrodes. Mason Graphite Inc. [LLG-TSXV; MGPHF-OTCQX] is focused on the 100%- owned, advanced Lac Guéret Project about 285 km north of the main service centre of Baie-Comeau and about 660 km from Montreal, Québec. A December 2018 Feasibility Study stated that the NPV (8% discount rate) at Pre-tax would be $484 million and $278 million After-tax. IRR Pre-tax is 27.7%; Post-tax 21.7%. Payback period: Pre-tax 3.7 years; Post-tax 4.4 years. Average annual graphite concentrate production: 51,900 tonnes at a production cost of graphite concentrate of $484/tonne. The weighted average selling price is US $1,465/tonne (CAD $1,933/tonne). Capex is $258.2 million with a construction time- line of 13-16 months.