Name of the Project
Lac Guéret graphite project.

Location
North-eastern Quebec, Canada.

Client
Mason Graphite.

Project Description
An updated feasibility study has confirmed the project’s robust economics.

Lac Guéret has proven and probable reserves of 4.74-million tonnes grading 27.8% total graphitic carbon (TGC).

The study envisages an openpit mining operation using a 100% owner-operated fleet, which has been selected to deliver an average of 190 000 t/y of mill feed that will be crushed on site and then transported on an existing road to Baie-Comeau for processing. The concentrator will produce an average of 51 900 t/y graphite concentrate over a 25-year mine life.

The ore mined is projected to yield an average grade of 27.8% TGC.

The concentrator has been designed for the standard purity of 96% TGC for the coarse products and will be capable of reaching purities of up to 97.5 % TGC for the same sizes.

Potential Job Creation
The project will create about 100 jobs.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of C$484-million and an internal rate of return of 27.7%, with a payback of 3.7 years.

Value
Initial capex has increased from C$200-million in the 2015 feasibility study to C$258.2-million.

Duration
The project is expected to take 13 to 16 months to complete.

Latest Developments
Early construction work is under way.

Key Contracts and Suppliers
GoldMinds Geoservices (technical and financial data).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Mason Graphite, tel +1 647 801 7273 oremail info@masongraphite.com.