The Updated Feasibility Study is the latest validation that Lola Graphite Project has the resources to become one of the world’s largest graphite producers at attractive capital and operating costs.
Following extensive consultation with its partners, technical consultants, industry participants and potential offtake partners SRG has concluded that an increase in concentrate production, from 50,000 tpa as disclosed in the 2019 Feasibility Study to 100,000 tpa, is expected to significantly increase capital efficiency and project economics.
In parallel with the UFS the Company is also preparing an independent, preliminary economic assessment (“PEA”) of initial options for the start-up of a second transformation step to produce coated spherical purified graphite from the Lola Graphite Project graphite concentrate. |