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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 nino9on Dec 19, 2013 3:43pm
369 Views
Post# 22024144

Inconsistencies

InconsistenciesInconsistencies in the processing methodology of Project PEA Form 43-101F1 Technical Report: Daily production Page 144 Design Criteria states the plant throughput is 2,975 t/d. Right underneath it says 104 t/h. This means 104x24x92% = 2.296 t/d Page 145: the crushed mill feed stockpile will have a live load capacity of 2,500 t which is equal to the daily throughput of the processing plant. Here you have 3 different plant throughputs. Which one is the correct one, is this anyone’s guess? SAG mill feed & discharge: SAG mill feed size: 80% minus 150 mm Flotation feed size: 80% minus 170 mm This of course is impossible: SAG mill discharge equals flotation feed, the SAG mill grinds the ore to minus 6mm, depending on the configuration of the SAG mill discharge method. The way the report depicts the SAG mill operation is how an agglomerator functions. What kind of impression must these easily prevented errors make on a future capital provider?
Bullboard Posts