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Secutor Capital Management recently releases a report highlighting Canada Carbon Inc. (TSXV:CCB) an emerging graphite producer focused on its 100% owned Miller graphite project located 75 kilometres west of Montreal, Quebec.
Secutor Capital Management recently releases a report highlighting Canada Carbon Inc. (TSXV:CCB) an emerging graphite producer focused on its 100% owned Miller graphite project located 75 kilometres west of Montreal, Quebec.
As quoted in the report:
In March 2016, the company announced an initial resource estimate and preliminary economic assessment (PEA) based on annual production of approximately 1,500 tonnes of high-purity graphite and 150,000 tonnes of architectural marble. At a potentially conservative graphite selling price, the PEA generated an after-tax internal rate of return of 85%, a net present value of $110 million (discounted at 8%) and a two year payback on initial capital costs of $44.4 million.
Flotation concentrate produced at the mine site will be treated by a proprietary thermal upgrading process to produce a high purity, high quality product grading 99.9998% graphitic carbon.
Management’s current focus is on the use of Miller graphite in nuclear power applications. Thermally treated Miller graphite has substantially lower contaminant levels than the best natural, synthetic and experimental graphite samples found in commercially available graphite products already being assessed for pebble bed nuclear reactor development programs funded by the Unites States government.
High purity graphite produced at Miller is not limited to nuclear applications. One market the company is examining is lithium battery energy storage devices, in which performance and reliability are the primary criteria such as are required by defense and aerospace applications, and where prices range from US$15,000 to US$25,000 per tonne. Dr. Pieter Barnard, a director of Canada Carbon and formerly president of a world leader in graphite material science, is actively assisting the company in its marketing activities. A 47 hole, 3,405 metre in-fill drill program has been completed in order to upgrade the inferred graphite and marble resources to measured and indicated resources. This will be used in a pre-feasibility study scheduled for September 2016. Management is aiming for marble production to commence in February 2017 and the production of graphite in early 2018.
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