FUD1 - here's a PEA NGC did...now shut your useless piehole and keep your cat off your keyboard
Ottawa, Ontario--(Newsfile Corp. - August 28, 2023) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: 0NG) (XSTU: 0NG) (the "Company" or "Northern) is pleased to announce the results of a new preliminary economic assessment ("PEA") that evaluated moving the processing plant for its Namibian operations located at Okorusu to the Okanjande mine rather than rehabilitating the mill in its current location.
The PEA indicates that economics remain attractive under the new plan, with higher capital costs but lower operating costs. In addition, greenhouse gas ("GHG") emissions are reduced, sustainability is improved, and the expansion potential of the project is substantially enhanced.
The PEA, issued July 31, 2023, was prepared by CREO Engineering Solutions and confirms the viability of moving milling operations directly to the Okanjande mine site, which eliminates the cost of trucking mineralized material 70km to Okorusu. This allows for a more sustainable operation that also includes the use of solar power and lower water consumption.
"Moving the mill also provides room for potential future expansion from the perspective of both processing and tailings capacity, which is something we do not have at the current location," said Northern Chief Operating Officer Kirsty Liddicoat. "The new approach also incorporates dry tailings into an integrated waste landform which means less water use and a more sustainable operation in support of the green transition," she added.