Northern Graphite Corp V.NGC

Alternate Symbol(s): NGPHF

Metals & Mining Graphite

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

Northern Graphite Corp

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Post by scissors14on Sep 24, 2013 1:02pm

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Post# 21763590

NGC (BUY) - Positive update to the Bissett Creek BFS

NGC (C$0.8, TP C$1.70) Mkt Cap C$40.7m

We believe the investment case for NGC has strengthened significantly follow yesterday's news and the recent key permit approval. With the NPV (post tax) equating to C$1.82/share, or 2.2x the current share price, there is clear upside in this play. We reiterate our BUY recommendation and TP of C$1.70.

abridle@cantor.co.uk

See attached the CFE Morning Equity Note which contains the contributing analysts summaries and the required FCA regulatory disclaimers / disclosures.

Please note that theCFE Research publications are also available on Bloomberg – CFEU <go>, Capital IQ, FACTSET and Thomson Reuters.

Please note our new address is:

One Churchill Place, 20thFloor, Canary Wharf,

London, E14 5RB

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