Mason Graphite Files Lac Guéret PEA Technical Report on SEDAR

Mason Graphite Inc. (TSXV:LLG) announced that it has filed on SEDAR a NI 43-101 compliant technical report that breaks down the preliminary economic assessment( PEA) for its Quebec-based Lac Guéret graphite project. Operational highlights of the PEA include annual production of 50,000 metric tons of graphite concentrate and graphite recovery above 96 percent.

According to the press release, financial highlights of the PEA include:

• Initial direct capital costs of $89.9M
  
• Production costs of $390 per tonne of finished product
• $364M pre-tax NPV (8% discount); $283M pre-tax NPV (10% discount)
• 33.7% pre-tax Internal Rate of Return
• Payback period of 2.5 years
• 22-year mine life
• Average sales price of $1,525 per tonne

Click here to read the full Mason Graphite Inc. (TSXV:LLG) press release.