Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Northern Graphite Corp V.NGC

Alternate Symbol(s):  NGPHF

Northern Graphite Corporation is a Canada-based flake graphite producing company. The Company is focused on producing natural graphite and upgrading it into high-value products critical to the green economy, including anode material for lithium-ion batteries/electric vehicles (EVs), fuel cells and graphene, as well as advanced industrial technologies. Its mining operations include Lac des Iles, Okanjande and Bissett Creek. Its products include Flake Graphite Products and Porocarb Products. The Lac des Iles (LDI) mine is the only flake graphite producer in North America. The LDI mine is located approximately two kilometers south of Lac-des-Iles, Quebec, 110 kilometers (km) northeast of Ottawa and 180 km northwest of Montreal. The Okanjande mining is located in Namibia, one of Africa's finest mining jurisdictions. It holds a 100% interest in the Bissett Creek Project, which is located around 15 km from the Trans-Canada Highway between the towns of Deep River and Mattawa, Ontario.


TSXV:NGC - Post by User

Bullboard Posts
Post by scissors14on May 26, 2012 1:57am
335 Views
Post# 19949008

Preliminary Economic Assessment

Preliminary Economic Assessment

Preliminary Economic Assessment

The company completed a PEA in February 2011 demonstrating a positive economic cash-flow for the Bissett Creek deposit. In the PEA, 75% of the mineral resource estimate was in the indicated category and 25% from the inferred category. The inferred category is still lacking the drill density to be upgraded to M&I but due to the flat and continuous nature of the deposit, we accept the usage of the inferred resources for the PEA. On that basis, it can be easily assumed that the Bissett Creek deposit could sustain production for more than 40 years, even at a rate above 2,500 tonnes per day. Additionally, the deposit is still open along strike which allows for easy lateral expansion and further scaling up if demand justified. Under these conditions, the deposit could one day become one of the largest graphite mines in the world.

The PEA uses a conservative 1,700 $/t average selling price and does not include any added value products such as SFG or graphene. The average selling price was based on a flake distribution of 30:40:30 in +35, -35 to +48 and -48 respectively.

Bullboard Posts