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SRG Engages Met-Chem/DRA for Preliminary Economic Assessment on Lola Graphite Project, Guinea
Sep. 27, 2017 08:31AM PST
Battery MetalsSRG Graphite (TSXV:SRG) (“SRG” or the “Company”) today announced that it has engaged Montréal-based Met-Chem, a division of DRA Americas (“Met-Chem/DRA”), to undertake a Preliminary Economic Assessment (“PEA”) of the Company’s wholly-owned Lola Graphite Project (“Lola”), located in Guinea. The Lola Graphite occurrence has a prospective surface outline of 3.22 km2 of continuous graphitic gneiss. The study will …
SRG Graphite (TSXV:SRG) (“SRG” or the “Company”) today announced that it has engaged Montréal-based Met-Chem, a division of DRA Americas (“Met-Chem/DRA”), to undertake a Preliminary Economic Assessment (“PEA”) of the Company’s wholly-owned Lola Graphite Project (“Lola”), located in Guinea.
The Lola Graphite occurrence has a prospective surface outline of 3.22 km2 of continuous graphitic gneiss. The study will commence immediately with completion of the National Instrument 43-101 compliant PEA expected in December 2017.
Marc-Antoine Audet, President and CEO, SRG, said:
“We are excited about Lola’s economic potential and have high expectations for this project.
We look forward to the completion of the PEA, which will enable us to provide our investors with an independent assessment of its value. Once the PEA is completed, our intention is advance rapidly to upgrade the study to a feasibility level in mid-2018.”
Met-Chem/DRA is a globally recognized expert in mine and infrastructure design, including construction and mine operations, resource mapping, metallurgy, cost assessment, process design and administration.