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Great Lakes Graphite Inc. (TSXV:GLK) announced that it has started a program aimed at fast tracking its Lochaber project to production.
Great Lakes Graphite Inc. (TSXV:GLK) announced that it has started a program aimed at fast tracking its Lochaber project to production. The program’s first phase will include “detailed field work, laboratory work and the completion of a NI 43-101-compliant resource estimate.”
As quoted in the press release:
Commencement of the resource calculation was announced on August 5th and is proceeding on schedule. The estimate is being prepared by geologists Jamie Levine and Martin Ethier and the Company anticipates completion by early November. Great Lakes Graphite is targeting near surface high grade lenses within the resource with the goal of defining a resource that is consistent with a small footprint/low CAPEX development plan.
Paul Gorman, CEO of Great Lakes, commented:
Our business plan requires advancing the company along multiple parallel tracks to achieve our goal of entering production within three years. Our recently completed field work that also included an initial bulk sample is providing the material we will use to begin identifying our best target markets and to advance discussions with prospective customers. By engaging with potential customers now, we are positioning the company to ultimately secure the offtake agreements that will be the key to obtaining production financing.
Click here to read the full Great Lakes Graphite Inc. (TSXV:GLK) press release.