Canada Carbon Commences Pre-Feasibility Study and Provides Permitting Update on Miller Project

Canada Carbon Inc. (TSXV:CCB) announced that it has begun a Pre-Feasibility Study, as recommended by the Preliminary Economic Assessment prepared by Tetra Tech, on the portion of the Miller property that was the subject of the PEA and resource estimate.
As quoted in the press release:

The Company has already completed a 47 hole, 3,405.5 metre in-fill drill program to provide additional assay data required to upgrade our inferred graphite and marble resources to measured or indicated resources. The core samples are currently at Actlabs, Ancaster for analysis. The new data from the additional drilling performed on the Miller marble zone will provide the Company with sufficient information to request a Quarry Lease for its marble.
Prior to production of marble, the Company must obtain authorization from the “Commission de la Protection du Territoire Agricole du Quebec” (“CPTAQ”) and Certificates of Authorization from the Ministry of Sustainable Development, Environment and the Fight against Climate Change (“MSDEFCC”).  The CPTAQ is an organization that protects farm land. The Company has contracted a number of consultants to confirm the unsuitable nature of the Miller land for agriculture. The consultants are currently producing the necessary reports to request the authorisation from the CPTAQ and delivery of the authorization is expected by September 2016.
Environmental assessments, including hydrology, hydrogeology, and floral and faunal assessments for the Miller property, and hydrogeology and floral and faunal assessments for the Asbury property, are already well-advanced, and should be completed before the end of the summer of 2016. Applications will then be submitted to the MSDEFCC, to obtain Certificates of Authorisation to operate a marble quarry as part of Phase 1 of the Miller Project.  Social impact studies and public consultations are needed for the Miller mine parts of the Project including the graphite purification thermal plant before applications to obtain the Certificates of Authorization are submitted.

Canada Carbon Executive Chairman and CEO, R. Bruce Duncan, stated:

We are pleased to be advancing the Miller Project on multiple stages concurrently. Environmental assessments were identified early on as the elements requiring the lengthiest timelines for completion, so those studies were initiated as soon as the Company’s in-house modeling suggested that mineral extraction had a reasonable prospect for demonstrating positive economics. That decision has allowed the Company to accelerate the completion of all required reports for Certificates of Authorisation, minimizing the permitting timeline, to the extent possible.

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