Production at Mason Graphite’s (TSXV: LLG; OTCQX: MGPHF) high margin Lac Gueret graphite deposit in northeastern Quebec could start as early as 2017.
A feasibility study, released Sept. 25, shows an open pit mine at Lac Gueret could produce 51,900 tonnes of graphite concentrate a year for 25 years. Production costs should average $376 per tonne, compared to an average selling price of $1,905 per tonne.
“Mason is looking to be one of the lowest cost producers in the world and by a significant margin,” Simon Marcotte, the company’s vice president of corporate development, says.
The mine’s life is based on only 4.7 million tonnes of the total reserves of 62.8 million tonnes grading 17.2% graphitic carbon, allowing for a pit with a high head grade of 27.8% graphitic carbon and a low Read the complete article at
stripping ratio of 0.8-to-1.
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