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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 is focused on supplying battery materials through the mining and value-added processing of graphite and other minerals. Its segments include mine development and BAF development. The Company’s principal business is the development of the Molo Graphite Mine (the Molo Mine) located near the town of Fotadrevo in the Province of Toliara, Madagascar. The Molo Mine has a production capacity of 150,000 tons per annum (tpa) of SuperFlake graphite concentrate. The Company is also developing a downstream graphite value-added business through the staged rollout of Battery Anode Facilities capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers. It also owns the Green Giant Vanadium Project, located in Madagascar, and the Sagar Project, located in Quebec, which are at the exploration and evaluation stage.


TSX:NEXT - Post by User

Bullboard Posts
Post by riverrockon Aug 18, 2018 5:36pm
163 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.

 

 


Bullboard Posts