NextSource Materials Inc. Announces Positive Updated Feasibility Study for Phase 1 Modular Mine Production of 17,000 Tonnes Per Year

T.NEXT, NextSource Materials, graphite

NextSource Materials Inc(TSX:NEXT) The updated Feasibility Study results verify positive economics for Phase 1 of the Molo mine, which will utilize a unique, fully-modular build approach taking into account current-day flake graphite prices.
The updated Feasibility Study is based on Front End Engineering and Design (FEED), and Detailed Engineering studies as opposed to a Basic Engineering study.
Phase 1 will consist of a fully operational and sustainable graphite mine with a permanent processing plant capable of producing approximately 17,000 tonnes per annum (“tpa”) of high-quality SuperFlake graphite concentrate per year with a mine life of 30 years.
A build cost of US$18.4 million confirms that the Molo Project will have the lowest capital mine cost (CAPEX) of any new and competing graphite project.
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