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Munglinup graphite project, Australia

20th March 2020

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Munglinup graphite project.

Location
South of Western Australia.

Project Owner/s
Mineral Commodities has decided to increase its shareholding in the project from 51% to 90%, under a farm-in joint venture (JV) with Gold Terrace.

Project Description
A definitive feasibility study (DFS) has confirmed Mineral Commodities’ view that the Munglinup project will become a crucial asset in its ambition to supply natural graphite into the key high-demand battery anode markets.

The project has an ore reserve of 4.24-million tonnes grading 12.8% total graphitic carbon, supporting a mine life of 15 years, with production estimated at 52 000 t/y of 95%-purity graphite concentrate.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 7% discount rate, of $111-million and an internal rate of return of 30%, with a payback of 2.7 years.

Capital Expenditure
$61-million.

Planned Start/End Date
Graphite concentrate production is expected to start in the fourth quarter of 2021.

Latest Developments
Mineral Commodities plans to continue with its technical and economic study work, taking into consideration the production of purified, micronised, spheronised and coated Munglinup concentrate to identify the optimal economic outcome from the deposit.

Key Contracts and Suppliers
Mondium – a JV between Lycopodium and Monadelphous (DFS).

Contact Details for Project Information
Mineral Commodities, tel +61 8 6253 1100 or email info@mncom.com.au.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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