NextSource Materials Featured in Caesars Report Analysis

NextSource Materials (TSX:NEXT,OTCQB:NSRCF) was recently featured in a complete report compiled by junior mining & resource investing publication Caesars Report. According to Caesars Report, NextSource Materials’ share price does not reflect the important progress the company has made on its Molo graphite project in Madagascar. The project is fully permitted and NextSource has secured one binding offtake agreement with another expected as the company moves forward. The cooperative stance of the Magagascar government has been recognized as a positive by Caesars Report, who believe NextSource can now move forward with an optimized mining plan after securing a 40-year mining license.

“Advancing the Molo graphite project accelerated tremendously in the first few months of 2019. In February, the Madagascar government granted the company a 40-year mining license on the Molo project. As there’s no upper limit on the volumes that are allowed to be mined under this permit, NextSource can immediately build a plant with an optimized capacity based on the offtake agreement it has signed and additional ones it is expected to sign in the near future.”

According to the report, NextSource’s Molo project hosts considerable graphite flake mineralization that has the potential to translate to a high purity product. Based on a 2017 feasibility study, Caesars Report expects the Molo project could “have healthy operating margins at a base case price of just over $1000/t.”

To read the full report, click here.

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