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NextSource Materials Inc T.NEXT

Alternate Symbol(s):  NSRCF

NextSource Materials Inc. is a Canada-based battery materials development company. The Company has two operating segments, consisting of mine development and the exploration and evaluation of mineral resources. It owns a owns a 100% interest in the Molo Graphite Mine (Molo) located in the Province of Toliara, Southern Madagascar. The Molo Graphite Mine project is located near the town of Fotadrevo in the Province of Toliara, Madagascar. The Molo Graphite Mine is subject to a 1.5% net smelter royalty. The Molo Graphite Project graphitic zone consists of multi-folded graphitic strata at surface with an exposed strike length of over two kilometers. The Company also owns the Green Giant Vanadium Project, which is located 15 kilometers from the Molo Graphite Project and hosts a large sedimentary-hosted vanadium deposit. The 100%-owned Green Giant Vanadium Project is an advanced-stage exploration project.


TSX:NEXT - Post by User

Bullboard Posts
Post by riverrockon Aug 18, 2018 5:36pm
160 Views
Post# 28482731

Something to consider

Something to consider

https://www.nextsourcematerials.com/graphite/molo-graphite-project/

excerpt:
The Molo is a Full Feasibility-stage project and ranks as one of the largest-known and highest quality flake graphite deposits in the world.  The Molo Project hosts a National Instrument 43-101 compliant total combined graphite resource of 141.28 million tonnes (Mt) at 6.13% total graphitic carbon (C), with a contained ore reserve of 22.44 Mt at 7.02%C.

The Molo is situated in the Tulear region of south-western Madagascar and is located 11.5km east of the town of Fotadrevo, covering an area of 62.5 hectares within the Company’s overall property claim position of 425km2 .

My take
It's area of 62.5 hectares or (154.44 acres) is small when considering its compliant resource contains 141.28 million tonne (Mt) with a contained Ore Reserve of 22.44 Mt.

NextSource has an overall graphite claim position of 425km2 around the Molo which can essentially provide much greater tonnages of graphite as demand for graphite increases.

 

 


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