Big North Graphite (TSXV:NRT,OTC:BNCIF) has released a report prepared by Tetra Tech WEI Inc. regarding Big North’s recently acquired El Tejon project in Mexico. The company commissioned the report as part of its due diligence process for the project.
As quoted in the press release:
In the Report, Tetra Tech stated, “Following the visual assessment made of the process plant and its facilities during the site visit, the following general recommendations can be made. The initial objective should be the restoration of Line 1 to production status at the nominal rate of 250 t/d within a nominal period of (say) 6 months of receiving the decision for the project to proceed. The additional objective is for Line 2 to be operational within say 18 months of the project go-ahead thereby increasing the plant feed rate to 500 t/d capacity.” The full Report is available on the Company’s website, www.bignorthgraphite.com, on the El Tejon Flake Graphite page (http://www.bignorthgraphite.com/s/El-Tejon.asp).
Big North Graphite president and CEO, Spiro Kletas, said:
We are very pleased with the results of the Report. As we have previously stated, our goal is to be amongst the first TSXV graphite companies to produce and sell graphite. While some mill refurbishment is required, all infrastructure is in place at the El Tejon Property. This significantly reduces start up time and cost. The Company will announce further plans as they are finalized.