Name of the Project
Maniry graphite project.
Location
Southern Madagascar.
Project Owner/s
Evion, formerly BlackEarth Minerals.
Project Description
The Maniry definitive feasibility study has confirmed a technically robust project that will generate compelling financial returns over a projected mine life of 21 years.
The project consists of two main deposits – Razafy and Razafy Northwest.
An initial 500 000 t/y process plant will be located about 500 m north of Razafy, to be expanded to one-million tonnes a year in Year 3, ready for milling one-million tonnes a year from Year 4.
The project will be completed in stages, with Stage 1 producing 39 000 t/y of concentrate and Stage about 256 400 t/y from Year 4.
Mining will be undertaken using conventional drill-and-blast openpit methods followed by load-and-haul.
Mining equipment will include a mining fleet comprising 60 t to 80 t excavators, while 30-t- to 40-t-capacity trucks will be suited for the scale of mining envisaged.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an estimated pretax net present value, at an 8% ungeared discount rate, of $263-million and an internal rate of return of 33%, with an after-tax payback from first ore of 3.8 years.
Capital Expenditure
Stage 1 will cost about $79.2-million and Stage 2 $24.6-million.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
CPC Engineering (flowsheet).
Contact Details for Project Information
Evion, tel +61 8 6158 9916 or email info@eviongroup.com.