Metals Australia (ASX:MLS)

Metals Australia: High-quality Graphite Project, Outstanding Portfolio of Exploration Properties


Metals Australia (ASX:MLS) rapidly advances its high-quality portfolio of advanced battery minerals and metals projects in Tier 1 mining jurisdictions of Western Australia and Canada. Comprised of two critical minerals projects in Quebec, Canada, the portfolio includes the Lac Carheil flake graphite project and the Corvette River lithium (and gold) project. The company also explores four other projects in Australia: Tennant Creek (copper-gold) in the Northern Territory and Warrambie (lithium, nickel-copper, gold), Murchison (gold) and Manindi (lithium, vanadium-titanium, zinc) – all in Western Australia.

Metals Australia is progressing with its flagship Lac Carheil flake graphite project in Quebec, Canada. Lac Carheil is well-positioned to supply high-quality graphite products, including battery-grade graphite to the North American market – including for lithium-ion and EV battery production. The company has planned a drilling program to test new high-grade zones identified from the sampling program, which will form the basis for upgrading the existing Lac Carheil mineral resource.

Location of Metals Australia\u2019s projects in the Tier 1 Mining Jurisdictions in Quebec, Canada and Australia\u2019s Western Australia and the Northern Territory.

Location of Metals Australia’s projects in the Tier 1 Mining Jurisdictions in Quebec, Canada and Australia’s Western Australia and the Northern Territory.

The Lac Carheil graphite project in eastern Quebec, Canada has access to excellent infrastructure, including hydroelectric power facilities. The project hosts an existing JORC 2012 mineral resource of 13.3 million tons (Mt) @ 11.5 percent graphitic carbon, which was announced in 2020 and a scoping study was completed and reported on in early 2021.

Company Highlights

  • Metals Australia is rapidly advancing its flag ship Lac Carheil Graphite Project in Quebec, Canada. In addition, the company has a suite of high-quality exploration projects – including Lithium, Gold and Silver in Quebec, Canada and Lithium, Gold, Copper & Vanadium in Western Australia (WA) and the Northern Territory (NT).
  • All projects are in Tier-1 mining jurisdictions (Canada and Australia) with world-class prospectivity and stable geo-politically.
  • The company has six key exploration and development projects:
  • two in Canada: the Lac Carheil high-grade flake graphite project and the Corvette River lithium and gold-silver-copper exploration project, and,
  • four in Australia: Warrambie (lithium, nickel-copper, gold), Murchison (gold) and Manindi (lithium, vanadium-titanium, zinc-silver) in WA, and Tennant Creek (Warrego East copper-gold) in the NT.
  • The focus is to rapidly advance its flagship Lac Carheil Graphite Project towards development. A drilling program is already contracted to substantially increase the existing JORC 2012 Mineral Resource of 13.3 Mt @ 11.5 percent graphitic carbon (Cg) and test the potential of the many other identified high-grade graphite trends.
  • The 2020 Scoping Study on Lac Carheil based on the existing resource, representing only 1km of drilling out of the total 36kms of identified graphite trends, indicates a 14-year mine life with a production of 100,000 tons per annum and a pre-tax NPV @ 8 percent of US$123 million (~AUD$190 million).
  • There are multiple catalysts at Lac Carheil in the near term including a pre-feasibility study (PFS) (underway), a scoping study on downstream battery (anode) - grade graphite production, and planned drilling aiming to at least double the resource as well as test other identified high-grade graphite trends.
  • Furthermore, other projects in Canada including the Corvette River lithium and gold targets, and exploration in Australia at Manindi, Warrambie, Murchison and Warrego – are all seeing active progress.
  • The company is well-funded to complete all its planned exploration and project studies. The cash position at the end of Q1 2024 was AU$17.86 million.
  • Metals Australia is led by a seasoned board and management team possessing extensive mining sector experience and a proven track record of successful discoveries and project developments. With funding in place, the company is well-positioned to capitalise on growth prospects.

This Metals Australia profile is part of a paid investor education campaign.*

Click here to connect with Metals Australia (ASX:MLS) to receive an Investor Presentation

MLS:AU
Metals Australia

Metals Australia Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Metals Australia (ASX:MLS)

Metals Australia


Keep reading...Show less

High-quality graphite project with accelerated development pathway and outstanding portfolio of exploration properties, highly prospective for gold and copper in the Northern Territory, vanadium, titanium, iron, zinc, copper and silver in WA – and gold, silver and base metals in addition to graphite in Quebec, Canada.

Battery Anode Material Refinery - Design & Location Update

Battery Anode Material Refinery - Design & Location Update

Metals Australia (MLS:AU) has announced Battery Anode Material Refinery - Design & Location Update

Download the PDF here.

Corporate Presentation

Corporate Presentation

Blencowe Resources Plc (LSE: BRES), advancing the large-scale, high-quality Orom-Cross graphite project in Uganda, is pleased to release its latest corporate presentation, offering a detailed update on the Project's development and upcoming milestones.

Presentation Highlights:

Keep reading...Show less
Person placing a ballot in a voting box.

Québec Communities Vote "No" to La Loutre Graphite Mine

Residents in five Western Québec municipalities of have overwhelmingly rejected a proposed open-pit graphite mine, with 95 percent voting against the La Loutre project in a referendum.

Nearly 3,000 ballots were cast on Sunday (August 31) across Duhamel, Lac-des-Plages, Lac-Simon, Chénéville and Saint-Émile-de-Suffolk. Of those, 2,754 citizens voted against the asset, while only 115 were in favor.

The organizers say the result leaves no room for ambiguity about local opposition.

Keep reading...Show less
Glowing battery with text: "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: StrategX Jumps 64 Percent on Fundraising

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released July’s consumer price index (CPI) data on Tuesday (August 19). The figures show that inflation decelerated that month, posting a 1.7 percent year-on-year gain, down from the 1.9 percent recorded in June.

The most significant contributor to the fall was a 16.1 percent decline in gasoline prices from the same period last year.

Keep reading...Show less
Pencils forming an L shape with "supply" and "demand" on yellow background.

Graphite Market Update: H1 2025 in Review

Oversupply and trade concerns were the most impactful factors in the graphite market in H1.

Prices for graphite fell by 10 to 20 percent in 2024, as noted in an International Energy Agency report, and heading into 2025 the sector was expected to see continued divergence between China and ex-China regions.

Analysts anticipated that domestic Chinese prices would remain low, while US and European benchmarks were expected to climb as supply shifted away from China and created tighter markets.

Keep reading...Show less
Futuristic lithium-ion battery design with digital elements.

Top 5 Canadian Mining Stocks This Week: Focus Graphite Rises Over 90 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

On Friday (August 15), Statistics Canada released wholesale trade data for June. The release indicates that sales increased 0.7 percent to C$84.7 billion for the month, with four of seven sectors reporting gains.

The increases were led by the food, beverage and tobacco sector, which increased 1.7 percent to C$15.6 billion, and on a provincial level by Québec, which reported 1.9 percent higher sales at C$15.3 billion. Sales also increased in the mineral, ore and precious metals subsector, rising to C$1.02 billion in June from C$750.84 million recorded in May.

Keep reading...Show less
Closeup of electric vehicle charging lithium-ion battery, which requires minerals such as graphite.

Top 3 Canadian Graphite Stocks of 2025

Graphite prices have experienced volatility recently due to bottlenecks in demand for electric vehicles.

One major factor experts are watching right now is the trade war between China and the US.

China introduced export restrictions on certain graphite products on December 1, 2023, making it a requirement for Chinese exporters to apply for special permits to ship the material to global markets. In July 2024, the Trump administration in the US announced it would raise tariffs on battery-grade graphite imports from China to 93.5 percent.

Keep reading...Show less
Metals Australia

Metals Australia Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×