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Construction|Modular|PROJECT
Construction|Modular|PROJECT
construction|modular|project

Molo graphite mine expansion, Madagascar

Location map of the Molo graphite project

Photo by NextSource Materials

1st March 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Molo graphite mine expansion.

Location
Province of Toliara, southern Madagascar.

Project Owner/s
NextSource Materials.

Project Description
A feasibility study has confirmed the highly attractive economics for a large-scale expansion of the Molo mine and processing facility.

The study proposes an expansion to the mine’s current Phase 1 production capacity of 17 000 t/y 
through the construction of an additional and standalone processing plant, which will increase the steady-state production rate of SuperFlake graphite concentrate to 150 000 t/y over a 25-year life-of-mine.

The feasibility study assumes the additional processing plant will be built adjacent to the current Phase 1 processing plant, presently in the ramp-up stage of production.

The expansion will use the company’s unique, fully modular build approach, which significantly reduced build time and associated costs with regard to conventional mine construction, to build its Phase 1 processing plant.

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 $424.1-million and an internal rate of 31.1%.

Capital Expenditure
$161.7-million.

Planned Start/End Date
Not stated.

Latest Developments
NextSource has not yet decided on the expansion and will discuss the feasibility study results with its strategic partners to determine the optimal timing, and assess the available funding options with respect to potential mine expansion.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
NextSource Materials, tel +1 416364 4911 or email info@nextsourcematerials.com.
 

To watch Creamer Media's latest video reports, click here
 

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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