NMG Issues Positive Results of its Preliminary Economic Assessment for the Uatnan Mining Project - One of the World's Largest Graphite Projects in development with Indicative NPV in Excess of C$2 Billion
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Tuesday, January 10, 2023
Benchmark, Technical report, ESG, PEA, Economics, Original equipment manufacturer, NPV, Innu, EV, NMG, GMG, Mining, Benchmark Mineral Intelligence, Lac, Growth, SEDAR, Graphite, NYSE, LOM, CG, Consultant, National instrument, Senior management, NOU, Webcast, IRR, BBA, First Nations, Rouge-Matawin Wildlife Reserve, Mineral resource estimation, Resource management, Iron ore, Aluminium, Lithium, Uranium, Feasibility
The Uatnan Mining Project covers Mason Graphite's Lac Guéret graphite deposit located in Québec, Canada.
Key Points:
- The Uatnan Mining Project covers Mason Graphite's Lac Guéret graphite deposit located in Québec, Canada.
- Results indicate an after-tax IRR of 25.9% and an 8% discount rate NPV of C$ 2,173 million based on current pricing projections for flake concentrate.
- Arne H Frandsen, Chair of NMG, declared: "NMG's vision is to become North America's most important producer of battery grade graphite.
- Hence, market perspectives and NMG's active commercial discussions indicate favorable conditions for commercializing the Uatnan Mining Project production.