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Mason Graphite Inc. (TSXV:LLG,OTCQX:MGPHF) reported results from a location trade-off study for its Lac Gueret project in Quebec.
Mason Graphite Inc. (TSXV:LLG,OTCQX:MGPHF) reported results from a location trade-off study for its Lac Gueret project in Quebec. The study considers a new proposed concentrator site for the project, and results suggest that the new location provides the opportunity to reduce capital and operating costs and to improve operational efficiencies.
As quoted in the press release:
Results of the preliminary analysis indicate that relocating the concentrator facility in the vicinity of Baie-Comeau city should represent economic and operational advantages, including: low-cost hydroelectric power, improved access to labour and other managerial and operational efficiencies which, together, should contribute to a reduction in both the project’s estimated capital expenditures (CAPEX) and operating costs (OPEX). It is expected that the additional costs incurred to truck the ore from the deposit to the new plant location in Baie-Comeau would be more than offset by the resultant savings. The new plant location is also expected to lead to a reduction in greenhouse gas emissions.
Mason Graphite’s president and CEO, Benoit Gascon, said:
The positive economical impacts of this trade-off study speak for themselves. The high grade of our mineral deposit presents us with a rare opportunity in the natural graphite industry. We are pleased to have conducted this analysis prior to further advancing the Feasibility Study as the alternative Baie-Comeau plant location could improve our project at many levels, including an operation that would be more environmentally friendly.
Click here to read the Mason Graphite (TSXV:LLG,OTCQX:MGPHF) press release