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Mason Graphite Files NI 43-101 Compliant Technical Report for Lac Guéret
Jan. 17, 2014 05:06PM PST
Battery Metals Investing
Mason Graphite Inc. (TSXV:LLG) announced that it has filed on SEDAR a NI 43-101 compliant technical report for its Quebec-based Lac Guéret graphite project. The report combines information in the company’s December mineral resource update and the results of its June preliminary economic assessment.
Mason Graphite Inc. (TSXV:LLG) announced that it has filed on SEDAR a NI 43-101 compliant technical report for its Quebec-based Lac Guéret graphite project. The report combines information in the company’s December mineral resource update and the results of its June preliminary economic assessment.
Highlights include:
- Large mineral resource increase in the Measured and Indicated categories from 7.6 million tonnes to 50 million tonnes and an increase in mineral resources in the Inferred category from 2.8 million tonnes to 11.9 million tonnes (see Table 1 below for details);
- Excellent PEA results maintained: first 22 years of production at 27.4 % Cg and low operating costs of $390/tonne;
- Environmental baseline study has been completed and the report contains the main conclusions showing that there are no environmental issues that would prevent the project from moving forward.
Click here to read the full Mason Graphite Inc. (TSXV:LLG) press release.