Name of the Project
Molo graphite project.
Location
Tulear region, south-western Madagascar.
Project Owner/s
Mine development company NextSource Materials.
Project Description
The Molo project is a full feasibility study-stage project and ranks as one of the biggest-known and highest-quality flake graphite deposits in the world; it is the only project with SuperFlake graphite.
NextSource will use an all-modular build approach to building the mine.
Initial production is expected to be 17 000 t/y over the first two years of production followed by mine expansion in Year 3.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
A $29.5-million strategic investment by Vision Blue is expected to fully fund the construction of the project.
Planned Start/End Date
Mine commissioning is targeted for April 2022.
Latest Developments
NextSource has started the procurement of processing plant equipment for its Molo graphite mine, ahead of expected mine construction starting in August.
Purchase orders have been placed for primary, flash flotation and attrition mills, flotation columns and cleaning circuits, as well as screeners, crushers and feeders.
The processing plant is designed to process 240 000 t/y of ore and produce about 17 000 t/y of high-quality super flake graphite concentrate.
Key Contracts, Suppliers and Consultants
Not stated.
Contact Details for Project Information
NextSource Materials, tel +1416364 4911 or executive VP corporate development Brent Nykoliation, email brent@nextsourcematerials.com.