Name of the Project
Matawinie mining project.

Location
Saint-Michel-des-Saints, 150 km north of Montréal, in Quebec, Canada.

Project Owner/s
Nouveau Monde Graphite Inc.

Project Description
Matawinie constitutes the biggest projected graphite operation in North America and Europe and is expected to become the world’s first all-electric openpit mine. This represents a reduction of more than 300 000 t of carbon dioxide emissions over the mine’s 25.5-year life span.

The project has measured and indicated resources of 120.3-million tonnes grading 4.26% graphitic carbon. Inferred resources are estimated at 4.5-million tonnes grading 4.43% graphitic carbon.

The project covers production of 100 000 t/y of high-quality graphite material, which will form part of Nouveau Monde’s value-added anode strategy – supplying material for the electrical vehicles and renewable-energy storage industries.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of C$1.29-billion and an internal rate of return of 40.6%, with a payback of 2.2 years.

Capital Expenditure
The project has an initial capital expenditure of C$276-million.

Planned Start/End Date
Construction is expected to be completed in 2023.

Latest Developments
The construction of the Matawinie mine has started.

The company has completed site preparation and has started on site work as part of a 30-month construction and commissioning timeline to deliver the project by the end of 2023.

Specialised mining contractor L Fournier & Fils has been hired to build the nearly 8-km-long access road connecting the Matawinie mine project to the local highway. Construction of the access road is scheduled to be completed in September to facilitate subsequent civil works and on-site activities.

Metso Outotec, a global service provider specialising in sustainable minerals processing technologies and end-to-end solutions, has been retained to supply key mineral processing equipment required for the Matawinie concentrator plant

Key Contracts, Suppliers and Consultants
L Fournier & Fils (access road) and Metso Outotec (supply key mineral processing equipment).

Contact Details for Project Information
Nouveau Monde Graphite Inc, tel +1450757 8905.