• Data Access
  • Your Email  
  • Your Email  
Keep me signed in.
Forgot your password?
Close
  • Forgot Your Password?
  • Enter the email you signed up with and we'll email it to you.
  • Your Email  
Close
Back
MDO
Mining Data Solutions
  • Home
  • Database
  • Subscribe
  • Sign In
  • Sign In
Madagascar
Molo Project (Molo Phase 2 expansion Project)

This page is not tailored to
devices with screen width under 750 px.
 Location:
84 km SE from Bezaha, Madagascar

  Project Contacts:
Pres Lot 001 A Bis Andranomena
Antananarivo
Madagascar
101
Phone  ...  Subscription required
EmailEmail
WebsiteWeb
Additional Resources for Suppliers & Investors
Drill results over 30 g/t Au
Stay on top of recent discoveries.
Search drill results by commodity and grade.
Largest mines in the Americas
Mining and mill throughput capaciites.
Full profiles of select mines and projects.
Deepest underground mines
Shaft depth and mill throughput data.
Full profiles of select mines and projects.
Heavy mobile equipment
HME type, model, size and quantity.
Full profiles of select mines and projects.
Permitting and construction projects
Projects at the permitting or construction stage. Full profiles of select projects.
Mines with remote camps
Camp size, mine location and contacts.
Full profiles of select mines and projects.
Mines & projects in Madagascar
A list of country's mines and projects.
Full profiles of select mines and projects.
  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Fleet
  • Personnel
  • Filings & News

Thank you for browsing through mine profiles compiled by the Mining Data Online team.

Would you like to subcribe or schedule a Demo?
  • Name:
     
  • Company:
     
  • Position:
     
  • Phone:
  • Email:
  • Message:

Overview

StageConstruction
Mine TypeOpen Pit
Commodities
  • Graphite
Mining Method
  • Truck & Shovel / Loader
Production Start...
Mine Life30 years (as of Jan 1, 2019)
On March 29, 2021, the Company announced the initiation of construction for Phase 1 of the Molo Graphite Mine, located in Madagascar, with a production capacity of 17,000 tpa of SuperFlake® graphite concentrate. Completion of construction activities and the start of mining activities is expected in November 2022. Completion of plant commissioning is expected in December 2022 followed by a ramp-up period of up to three months prior to declaring commercial production.

On April 27, 2022, the Company released a Preliminary Economic Assessment (“PEA”) considering a Phase 2 expansion of the Molo Graphite Mine consisting of a stand-alone processing plant with a production capacity of 150,000 tpa. The Company has initiated a Feasibility Study and a front-end engineering design (“FEED”) study for the Phase 2 expansion considered in the PEA. The Feasibility Study is expected to be completed in December 2022.


Owners

Source: p. 4
CompanyInterestOwnership
NextSource Materials Inc. 100 % Indirect
NextSource owns 100% of NextSource Materials (Mauritius) Ltd. (“MATMAU”), a Mauritius subsidiary.
MATMAU owns 100% of NextSource Graphite (Mauritius) Ltd (“GRAMAU”), a Mauritius subsidiary.
GRAMAU owns 100% of ERG Madagascar SARL (“GRAMAD”), a Madagascar subsidiary. GRAMAD holds the Molo Graphite Project mining and exploration permits.

Contractors

Subscription required - Subscription is required.


Deposit Type

  • Metamorphic


Summary:

The Molo deposit occurs within the regional Ampanihy Shear Zone. The most conspicuous feature of rocks found within this shear zone is their well-developed north-southfoliation and vertical to sub-vertical nature. Martelat et al. (2000) state that this observed bulk strain pattern is clearly related to a transpressional regime during bulk horizontal shortening of heated crust, which resulted in the exhumation of lower crustal material.

The Project area is underlain by supracrustal and plutonic rocks of late Neoproterozoic age that were metamorphosed under upper amphibolite facies and deformed with upright north- northeast-trending structures. The supracrustal rocks involve migmatitic (± biotite, garnet) quartzo-feldspathic gneiss, marble, chert, quartzite, and amphibolite gneiss. The metaplutonic rocks include migmatitic (± hornblende / diopside, biotite, garnet) feldspathic gneiss of monzodioritic to syenitic composition, biotite granodiorite, and leucogranite.

The Molo graphitic zone consists of multi-folded graphitic strata with a surficially exposed strike length of over two kilometers. Outcrop mapping and trenching on Molo has shown the surface geology to be dominated by resistant ridges of graphitic schist and graphitic gneiss, with fracture-lined vanadium mineralisation, as well as abundant graphitic schist float.

Geological modelling has shown that the deposit consists of various zones of mineralised graphitic gneiss, with a barren fo ........


Mining Methods

  • Truck & Shovel / Loader


Summary:

The surficial, lateral expanse and the massive nature of the Molo deposit make it suitable for open-pit mining methods. It is a typical pipe shaped and steeply dipping ore body, with an extended mineral outcrop along the strike (north-south direction) of the deposit. In this mining method, the following activities are executed:

•The land is cleared, topsoil is removed and stockpiled at designated sites for use in future land rehabilitation. Depending on the extent of the base of weathering, any further waste, or ore that can be removed by free-digging is removed and stockpiled accordingly. The topsoil is planned to be used as a berm around the pit to prevent water flow into the pit and to minimise transportation costs

•In a number of cyclic processes, the waste and/or mineralised material is drilled, charged with explosives and blasted, excavated, hauled and dumped in designated sites

•At strategically planned periods the waste around the boundary of the pit is removed in order to mine out deeper ore. The conventional open pit mining activities are carried out with small to medium sized mining equipment including 20t dump trucks, a 2 m3 excavator and an 8 m3 Front End Loader.

Using the minimum mining width of 30 m suited for the selected mining equipment and the recommended 46o slope angle, the final pit design at Molo was drafted including the following key design parameters:

- A single ramp was designed in the centre zo ........


Crushing and Grinding
Source: Subscription required

- subscription is required.


Processing

Flow Sheet: Subscription required

Summary:

- subscription is required.


Projected Production:

CommodityUnitsAvg. AnnualLOM
Graphite kt 451,386
All production numbers are expressed as concentrate.

Operational Metrics:

Metrics
Stripping / waste ratio 0.52 *
Waste tonnes, LOM 22,187,381 t *
Ore tonnes mined, LOM 22,256,191 t *
Total tonnes mined, LOM 44,443,572 t *
Plant annual capacity 720,000 t *
Tonnes processed, LOM 22,256,191 t *
Annual ore mining rate 720,000 t *
* According to 2019 study.

Reserves at May 31, 2019:
All reserves estimated at an economic grade cut-off of 4.5% C.
Resources within the low-grade domain are stated at a 2 % C cut-off, and resources within the high-grade domains are stated at a 4 % C cut-off.

CategoryTonnage CommodityGradeContained Graphite
Proven 14,169,741 t Graphite 7 % 992,169 t
Probable 8,266,944 t Graphite 7.04 % 582,287 t
Proven & Probable 22,436,685 t Graphite 7.02 % 1,574,456 t
Measured 23,621,510 t Graphite 6.32 % 1,492,916 t
Indicated 76,745,953 t Graphite 6.25 % 4,796,341 t
Measured & Indicated 100,367,464 t Graphite 6.27 % 6,289,257 t
Inferred 40,914,721 t Graphite 5.78 % 2,365,716 t

Commodity Production Costs:

CommodityUnitsAverage
Cash costs Graphite USD  ......  Subscription required&nbs
Assumed price Graphite USD  ......  Subscription required&nbs
* According to 2019 study / presentation.

Operating Costs:

Units2019
Processing costs ($/t milled) USD 20.9 *
* According to 2019 study.

2019 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscription required
Sustaining CapEx $M USD  ......  Subscription required
OP OpEx $M USD  ......  Subscription required
Processing OpEx $M USD 374.6
Transportation (haulage) costs $M USD 184.4
G&A costs $M USD 34.9
Income Taxes $M USD  ......  Subscription required
Royalty payments $M USD  ......  Subscription required
Gross revenue (LOM) $M USD  ......  Subscription required
Pre-tax Cash Flow (LOM) $M USD  ......  Subscription required
After-tax Cash Flow (LOM) $M USD  ......  Subscription required
Pre-tax NPV @ 10% $M USD  ......  Subscription required
Pre-tax NPV @ 8% $M USD  ......  Subscription required
After-tax NPV @ 10% $M USD  ......  Subscription required
After-tax NPV @ 8% $M USD  ......  Subscription required
Pre-tax IRR, %  ......  Subscription required
After-tax IRR, %  ......  Subscription required
Pre-tax payback period, years  ......  Subscription required
After-tax payback period, years  ......  Subscription required
Subscription required - Subscription is required.


Proposed Heavy Mobile Equipment as of May 31, 2019:
HME TypeModelSizeQuantity
Compactor ....................... Subscription required 10 t ....................... Subscription required
....................... Subscription required ....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required
Subscription required - Subscription is required.

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 31, 2019
....................... Subscription required ....................... Subscription required Subscription required Oct 20, 2022
....................... Subscription required ....................... Subscription required Subscription required Oct 20, 2022
....................... Subscription required ....................... Subscription required Subscription required May 31, 2019
Subscription required - Subscription is required.

Staff:

Total WorkforceYear
Subscription required 2019

Corporate Filings & Presentations:

DocumentYear
Management Discussion & Analysis 2022
................................... Subscription required 2020
................................... Subscription required 2019
................................... Subscription required 2019
Feasibility Study Report 2017
Feasibility Study Report 2015
Subscription required - Subscription is required.

Subscription required - Subscription is required.

Terms of Use Privacy Policy © 2017-2023 MDO Data Online Inc.