Metals Australia

Metallurgical Programs Set to Commence to Advance Development Pathway at Lac Rainy

Test-work to run in parallel with other key development workstreams to unlock the world-class potential of the high-grade flake graphite project

Metals Australia Ltd (ASX:MLS) has a proven track record of battery minerals discovery and has a high-quality portfolio of advanced battery minerals and metals projects in the highly ranked and well-established mining jurisdictions of Quebec, Canada and Western Australia.


  • Major new metallurgical test-work programs are set to commence at the high-grade Lac Rainy flake graphite project in the tier-one Canadian mining jurisdiction of Quebec. The test-work will utilise bulk samples of existing drill-core from the following Mineral Resource1 zones (see Figure 1):
    • Southeast Carheil: A 220kg bulk sample grading 13% graphitic carbon (Cg). Sample of predominantly fine to medium flake will be split into several variability samples representing the first 10 years of the mining schedule detailed in the previously completed Scoping Study 2.
    • Northwest Carheil: A 200kg bulk sample grading 8%Cg. Examination of drill core from Northwest Carheil indicates a high proportion of large (>180 micron) flake. The metallurgical test-work program for this portion of the Mineral Resource will assess the recovery characteristics of higher value, large flake graphite concentrate.
  • Metallurgical test-work will be carried out in two stages:

1. Generation of flake graphite concentrate (>95%Cg) using modified flow-sheet conditions designed to optimise recovery of fine to medium flake for downstream spherical graphite production as well as generation of large flake concentrate that can attract premium pricing.

2. Generation of premium battery grade coated spherical graphite (SpG), trialling chemical and thermal purification options to assess the preferred techno-economic method for production of premium battery grade SpG, followed by lithium-ion battery anode charging and durability testing. This work will expand on the outstanding purification (to 99.96%Cg) and battery test results achieved in 20233 and will result in the optimum SpG production method being adopted for more advanced development studies.

  • The Metallurgical test-work results will feed directly into the flake-graphite concentrate Pre-Feasibility Study (PFS) as well as the Options Assessment and Scoping Study into downstream spherical graphite- battery anode material production. Additionally, the results will guide the preferred location for that production facility.
  • Latest workstreams will be advanced as the Company finalises discussions with First Nations groups in Quebec to secure the necessary approvals to launch a major new drilling program aimed at significantly expanding and upgrading the existing Lac Rainy Mineral Resource. The program will also test new regional targets where high-grade rock chips of up to 64.3% Cg4 have been generated (see Figure 1). The company is aware of changes to the permitting application process in Quebec that come into effect on May 6th this year. More formal stakeholder engagement is a requirement as part of the revised process.

Figure 1: Lac Rainy Graphite Project high-grade sample locations, drilling areas planned with inset of Carheil zone

Metals Australia CEO Paul Ferguson, commented:

“These new metallurgical test-work programs at Lac Rainy represent another important step forward along the very clear pathway we have mapped out to develop what we believe has the potential to be a world-class flake-graphite project in the tier-one Canadian mining jurisdiction of Quebec.”

“The US$50 million equity investment and a future construction commitment of US$275 million5 announced only last month by General Motors and Panasonic Energy to advance the development of Nouveau Monde Graphite Inc’s graphite project in Quebec is another sign of the global rush to secure sources of high-grade flake graphite and downstream products outside China.”

“Building on our Scoping Study which indicates potential for an initial 14-year production mine life, we are committed to accelerating our pre-feasibility studies (PFS) for the production and downstream processing of Lac Rainy’s high-grade flake-graphite product.”

“Other critical work programs being advanced in parallel with our metallurgical test-work include environment and social impact studies, hydrogeological and geotechnical assessments, Mineral Resource estimation work and finalising key inputs to mine planning and engineering design for the concentrate plant PFS and the proposed downstream upgrading facility to produce battery anode material.”

“We have also finalised our drilling plans and contract and look forward to our drilling permit applications being approved by the government authorities in Quebec. The Company has been advised that no adverse comments were provided by stakeholders during the initial public review period for that drilling program and we look forward to our upcoming discussions with representatives of the Innu Council of Uashat Mak Mani- Utenam First Nations group to outline our planned program as part of the approval process.”

“The Company is fully committed to working respectfully and productively with all stakeholders to demonstrate the significance and potential benefits of developing this important critical minerals project, while understanding and accommodating the expectations of stakeholders throughout the development phases.”

“Our drilling program aims to extend and further define the Mineral Resource to allow expansion of the mining plan, as well as testing new regional targets where high-grade rock chips of up to 64.3% Cg4 have been generated. The fact we still have 35km of mineralised zones at Lac Rainy to drill test adds to our confidence that we will be able to significantly grow the existing Mineral Resource.”

“Critically, the recent $3.5 million placement we made through Canadian investors leaves the Company well- funded to accelerate our exploration and development studies with cash reserves of more than $18 million. The fact that Metals Australia’s market capitalisation is less than our cash balance makes us more determined than ever to demonstrate the value of our flagship Lac Rainy project, which we believe will result in a significant re-rating of the Company’s share price.”


Click here for the full ASX Release

This article includes content from Metals Australia, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
International Graphite Managing Director and CEO Andrew Worland.

Strong Project Development Scenario for Springdale, International Graphite CEO Says

Purification testwork on graphite concentrates from International Graphite’s (ASX:IG6) Springdale graphite project achieved results ranging from 99.96 percent loss on ignition (LOI) to 99.97 percent LOI, which exceeds the purity requirements of major lithium-ion batteries. Andrew Worland, the company’s managing director and CEO, noted that the project has great attributes that make it stand out.

“It's got a significant resource ... so we'll be mining there for 50 (to) 60 years, and that's still with a lot of exploration potential for the asset,” he explained. "The other attributes of it that makes it unique and compelling for investors are its cost structure, and a lot of that has to do with Mother Nature, frankly. The mineralisation itself is a fine graphite, so we've got a very simple flotation process. ... We have one product, which means a simple flow sheet and lower capital cost."

International Graphite released key findings from its new Springdale-Collie integrated mine-to-market scoping study in January, saying they indicate a multi-decade operating life.

Keep reading...Show less

NMG Pays Accrued Interests and Grants Options

Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG , TSX.V: NOU ) announces today the payment of accrued interests as part of a previously announced private placement announced by press release dated November 8, 2022 (the "2022 Private Placement").

Settlement of Accrued Interests

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

NMG Provides Commercial and Operational Update upon Filing 2023 Financial Reports: Significant Progress over the Year in Advancing North America's Mine-to-Battery-Material Graphite Production

  • Multiyear offtakes and strategic investments from Panasonic Energy and GM covering approximately 85% of NMG's planned Phase-2 fully integrated production of active anode material.
  • Aggregate combined investment of US$50 million by Panasonic and GM, with a private placement of US$37.5M by Mitsui & Co., Ltd ("Mitsui") and Pallinghurst Bond Limited ("Pallinghurst") to surrender and cancel their convertibles notes dated November 8, 2022, upon the vote of the shareholders of NMG in accordance with MI-61-101 and regulatory approvals.
  • Demonstration of strong long-term bankability underpinnings to support NMG's Phase-2 project financing via offtake agreements and intended future investments by the Anchor Customers or their affiliates of up to US$275 million.
  • Acquisition of the Lac Guéret property, one of the largest graphite deposit set to underpin NMG's planned Phase-3 expansion, for the development of the Uatnan Mining Project.
  • Launch of an innovative training program in green technology industrial processes in partnership with the region's education and industrial partners to secure a local and qualified workforce for the Phase-2 Bécancour Battery Material Plant.
  • Active stakeholder engagement including meetings held with over 300 regional companies in recent months to identify local capacity and plan the Company's procurement strategy for the Phase-2 Bécancour Battery Material Plant.
  • Appointment of Pomerleau as Construction Manager for the pre-construction stage of Phase-2 commercial facilities and continued engineering for the Matawinie Mine and Bécancour Battery Material Plant towards the final investment decision ("FID").
  • Recognition of robust ESG credentials: NMG tops Benchmark Mineral Intelligence's Sustainability Index as the only natural graphite producer in the "Industry Leading" category ahead of all Western, African, and Chinese producers.
  • Continued active engagement with additional potential tier-1 customers in the EV and battery sector with the production of battery-grade samples, site visits, quality checks, commercial discussions, and environmental diligence reviews.
  • Advanced discussions with multiple governmental agencies and programs, strategic investors, and lenders to optimize the targeted capital structure for the Phase-2 project financing.
  • North America expected to surpass Asia in the anode market outside China thanks to increased production capacity and structural sourcing partnerships such as NMG's with Panasonic Energy and GM (Benchmark Mineral Intelligence, February 2024).
  • EV sales reported to have crossed the adoption tipping point in 23 countries in 2023 with 13.6 million EVs sold globally – a 31% increase – and projected growth of between 20% and 30% for 2024 according to market analysts (Rho Motion and Bloomberg, January 2024).
  • Continued focus on the safe and responsible conduct of operational and construction activities, no major environmental incidents, and carbon-neutral year-end balance through verified offsetting via 660 certified carbon credits.
  • Period-end cash position of $36.3 million.

Through its year-end financial reports and 2023 Annual Report , Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE:   NMG , TSXV:   NOU ) publishes a positive progress report in advancing what is projected to be North America's first integrated source of natural graphite active anode material for electric vehicles ("EV") and batteries. Strategically executing its phased development plan, NMG has continued operating its Phase-1 facilities to produce battery-grade samples and optimize its processes, has signed commercial agreements and strategic investments with Panasonic Energy Co., Ltd. ("Panasonic Energy"), a wholly owned subsidiary of Panasonic Holdings Corporation ("Panasonic") ( TYO:   6752 ) and General Motors Holdings LLC, a wholly owned subsidiary of General Motors Co. (collectively, "GM") ( NYSE:   GM ), to underpin its Phase-2 commercial production, and has acquired the Uatnan Mining Project to support its Phase-3 expansion.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Altech Batteries

Altech – Excellent Definitive Feasibility Study for 120 MWH First Production Line Cerenergy® Battery Project

Altech Batteries Limited (Altech/the Company) (ASX: ATC and FRA: A3Y) is pleased to announce the excellent results from a Definitive Feasibility Study (DFS) conducted for a CERENERGY® project with an annual capacity of 120 1MWh GridPacks each year, planned for construction on Altech’s land in Saxony, Germany. The project is being developed by Altech Batteries GmbH (ABG) (75%) and joint venture partner Fraunhofer IKTS (“Fraunhofer”) (25%), an incorporated society affiliated with the German government and partially financed by the German federal government. Altech Batteries GmbH (ABG) is owned 75% by Altech Batteries Limited (listed on ASX:ATC) and Altech Advanced Materials AG (listed on FSE:AMA).

Keep reading...Show less
International Graphite

Exceptional Battery Test Results Show Springdale Concentrate is Ideal for Premium Li-Ion Battery Anode

International Graphite Limited (International Graphite) (ASX: IG6) is pleased to report exceptional results from purification and electrochemical testwork on graphite concentrates generated from the Company’s 100% owned Springdale Graphite Project, in Western Australia (Springdale).

Keep reading...Show less
International Graphite (ASX:IG6)

International Graphite Funding Deal with Comet Resources a Win-Win, Report Says

International Graphite’s (ASX:IG6) $1.5-million funding deal with major shareholder Comet Resources (ASX:CRL) resulted in a surge in IG6’s shares on March 13. The loan agreement was undertaken to address market speculation on the security of Comet’s shares in IG6, according to a news report from The West Australian.
Keep reading...Show less
{{ sections }}

Latest Press Releases

Related News

×