Ottawa, Ontario--(Newsfile Corp. - October 12, 2023) - Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (FSE: ONG) (XSTU: ONG) (the "Company" or "Northern") is pleased to announce a mineral resource estimate on its Mousseau property (previously known as Mousseau West) which adds significant resources to the Company's portfolio as it grows to supply the energy transition.
Northern acquired the Mousseau West graphite project in October 2022 and in March 2023 increased its land package by an additional 101.64 ha through the acquisition of part of the neighbouring Mousseau East property, resulting in a total land package for Mousseau of 590.57 ha. The Mousseau project is located approximately 80 km from the Company's producing Lac des Iles ("LDI") graphite mine and has the potential to further extend LDI's life and expand its production by shipping material to LDI's processing facility. Mousseau is Northern's fourth significant graphite project along with LDI, Bissett Creek in Ontario and Okanjande in Namibia.
"This report confirms the addition of almost 3 million tonnes of measured and indicated graphite resources to the Company's portfolio and supports our long-term growth strategy of leveraging LDI's permitted plant and tailings facility to bolster our position as the only significant producer of natural graphite in North America," said Northern Chief Operating Officer Kirsty Liddicoat. "Early test work indicates concentrate grades of +95 percent and recovery of 90 percent. We believe the next phase of drilling will expand resources further at Mousseau."
Category | Volume (m3) | Specific Gravity (t/m3) | Tonnes | Graphite (%) | Graphite (t) |
Measured | 283,605 | 2.85 | 808,275 | 7.612 | 61,525 |
Indicated | 706,234 | 2.85 | 2,012,766 | 8.026 | 161,554 |
Measured and Indicated | 989,839 | 2.85 | 2,821,041 | 7.908 | 223,079 |
Inferred | 116,451 | 2.85 | 331,884 | 9.254 | 30,714 |
Notes:
The parameters used to estimate an open pit cut-off grade for the mineral resources are as follows: graphite price of US$1,500/t, exchange rate of US$1.00=CAD$0.78; estimated costs including mining ($2.50), process ($50/t), haulage ($22/t) and G&A ($5/t), process recovery of 90% and a pit slope of 50°. Mineralized material that is not included within the open pit shell is not part of the mineral resource estimate.
Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
The quantity and grade of reported Inferred Resources in this estimation are uncertain in nature and it is uncertain if further exploration work will result in upgrading them to an Indicated or Measured mineral resource category.
Mineral resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines.
Values in the table may differ due to rounding.
Increasing graphite resources and reserves is a key catalyst for Northern as the Company executes on its strategy of becoming a long-term, sustainable, integrated mine-to-market-to-battery supplier to North America's widescale EV revolution, energy transition and march to Net Zero 2050. The Company is also planning to start construction in 2026 on a 200,000-tpy Battery Anode Material plant in Baie-Comeau, Quebec.
"Northern is currently focused on exploration and expansion at its cornerstone LDI mine. As market demand develops and additional drilling is carried out, we plan to complete a Preliminary Economic Assessment ("PEA") on Mousseau which has the potential to become a significant project in its own right," said Ms. Liddicoat.
The resource estimate was prepared by independent consultants, Micon International Limited ("Micon"). The Company has filed a technical report in respect of the Mousseau project and the resource estimate prepared by Yvan Bussieres, P.Eng. (OIQ) and Antoine Yassa, P.Geo. (OGQ) of Micon in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (the "Technical Report"). The Technical Report, titled "NI 43-101 Technical Report for the 2023 Mineral Resource Estimate for the Mousseau West Graphite Deposit, Mousseau Property, Brunet and Mousseau Townships, Mont-Laurier Area, Québec, Canada" and dated September 30, 2023 (with an effective date of July 29, 2023), can be found on the Company's website or under the Company's issuer profile on SEDAR+ .
Graphite is the largest component in lithium-ion batteries that make the transition to electric vehicles possible. It is also a critical component in fuel cells and it is an additive that makes many products lighter, stronger and more energy efficient.
About Northern Graphite
Northern is a Canadian, TSX Venture Exchange listed company that is focused on becoming a world leader in producing natural graphite and upgrading it into high value products critical to the green economy including anode material for lithium-ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies.
Northern is the only significant graphite producing company in North America and will become the third largest producer outside of China when its Namibian operations come back online. The Company also has a large-scale development project, Bissett Creek, in Ontario that we expect will be a source of continued production growth in the future. All projects have "battery quality" graphite and are located close to infrastructure in politically stable jurisdictions.
For media inquiries contact
Pav Jordan, VP of Communications
Email: pjordan@northerngraphite.com
Qualified Persons
Yvan Bussieres, P.Eng. (OIQ) and Antoine Yassa, P.Geo. (OGQ), who are independent consultants for Northern and are qualified persons as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, have verified the data disclosed in this press release, including the sampling, analytical and test data underlying the information. The data was verified using data validation and quality assurance procedures under industry standards.
安大略省渥太華--(Newsfile Corp.,2023 年 10 月 12 日)-Northern Graphite 公司 (TSXV: NGC) (OTCQB: NGPHF) (FSE: ONG) (XSTU: ONG) (XSTU: ONG) (那個”公司“或”北方“) 很高興地宣佈其Mousseau物業(前身爲Mousseau West)的礦產資源估計,隨着公司的發展以供應能源轉型,該物業爲公司的投資組合增加了大量資源。
Northern 於2022年10月收購了Mousseau West石墨項目,並於2023年3月通過收購鄰近的Mousseau East的部分房產,將其土地組合又增加了101.64公頃,從而使Mousseau的總用地爲590.57公頃。Mousseau 項目距離該公司生產的 Lac des Iles 約 80 公里 (”LDI“) 石墨礦,有可能通過向LDI的加工設施運送材料來進一步延長LDI的使用壽命並擴大其產量。Mousseau是Northern的第四個重要石墨項目,其次是LDI、安大略省的比塞特溪和納米比亞的奧坎詹德。
Northern 首席運營官Kirsty Liddicoat表示:“這份報告證實,該公司的投資組合中增加了近300萬噸已測量和指示的石墨資源,並支持我們的長期增長戰略,即利用LDI允許的工廠和尾礦設施來鞏固我們作爲北美唯一重要的天然石墨生產商的地位。”“早期的測試工作表明,濃縮成績爲+95%,恢復率爲90%。我們相信,下一階段的鑽探將進一步擴大Mousseau的資源。”
類別 | 體積 (立方米) | 比重 (噸/立方米) | 噸 | 石墨 (%) | 石墨 (t) |
已測量 | 283,605 | 2.85 | 808,275 | 7.612 | 61,525 |
已指明 | 706,234 | 2.85 | 2,012,766 | 8.026 | 161,554 |
已測量並顯示 | 989,839 | 2.85 | 2,821,041 | 7.908 | 223,079 |
推斷 | 116,451 | 2.85 | 331,884 | 9.254 | 30,714 |
注意事項:
用於估算礦產資源露天臨界品位的參數如下:石墨價格爲1,500美元/噸,匯率爲1.00美元=0.78加元;估計成本包括採礦(2.50美元)、加工(50美元/噸)、運輸(22美元/噸)和G&A(5美元/噸),工藝回收率爲90%,礦坑坡度爲50°。露天礦殼中未包含的礦化物質不屬於礦產資源估算的一部分。
非礦產儲備的礦產資源不具有經濟可行性。礦產資源的估算可能會受到環境、許可、法律、所有權、稅收、社會政治、營銷或其他相關問題的重大影響。
本估算中報告的推斷資源的數量和等級本質上是不確定的,目前尚不確定進一步的勘探工作是否會將其升級爲指示或測得的礦產資源類別。
礦產資源是使用加拿大礦業、冶金和石油研究所(CIM)、《CIM礦產資源和儲量標準、定義和指南》估算的。
由於四捨五入,表中的值可能會有所不同。
增加石墨資源和儲量是Northern的關鍵催化劑,因爲該公司正在執行其戰略,即成爲北美大規模的電動汽車革命、能源轉型和向2050年淨零排放邁進的長期、可持續、從礦山到市場到電池的綜合供應商。該公司還計劃於2026年開始在魁北克貝科莫建造一座年產20萬噸的電池陽極材料工廠。
"Northern公司目前正專注於其基石LDI礦山的勘探和擴張。Liddicoat 女士說:"隨着市場需求的發展和更多鑽探工作的開展,我們計劃完成 Mousseau 項目的初步經濟評估("PEA"),該項目本身有可能成爲一個重要的項目。
資源評估由獨立顧問 Micon International Limited("Micon")編制。公司已經提交了一份關於 Mousseau 項目的技術報告,以及由 Micon 公司的 Yvan Bussieres, P.Eng. (OIQ) 和 Antoine Yassa, P.Geo (OGQ) 編制的資源評估報告。(OIQ) 和 Micon 的 Antoine Yassa, P.Geo. (OGQ) 根據《國家文件 43-101 - 礦產項目披露標準》(National Instrument 43-101 - Standards of Disclosure for Mineral Projects)編寫的資源評估技術報告("技術報告")。該技術報告的標題爲 "加拿大魁北克省Mousseau Property, Brunet and Mousseau Townships, Mont-Laurier Area, Mousseau West Graphite Deposit 2023年礦產資源量評估的NI 43-101技術報告",日期爲2023年9月30日(生效日期爲2023年7月29日),可在公司網站或公司在SEDAR+上的發行人簡介中查閱。
石墨是鋰離子電池中最大的成分,它使向電動汽車的過渡成爲可能。它也是燃料電池中的關鍵成分,它是一種使許多產品更輕、更堅固、更節能的添加劑。
關於Northern Graphite
Northern是一家加拿大多倫多證券交易所風險投資交易所上市公司,專注於成爲天然石墨生產領域的全球領導者,並將其升級爲對綠色經濟至關重要的高價值產品,包括鋰離子電池/電動汽車的陽極材料、燃料電池和石墨烯以及先進的工業技術。
Northern是北美唯一一家重要的石墨生產公司,當其納米比亞業務恢復生產後,它將成爲中國以外的第三大石墨生產商。該公司還在安大略省有一個名爲Bissett Creek的大型開發項目,我們預計該項目將成爲未來產量持續增長的來源。所有項目都採用 “電池質量” 石墨,並且位於政治穩定的司法管轄區的基礎設施附近。
媒體垂詢,請聯繫
Pav Jordan,傳播副總裁
電子郵件:pjordan@northerngraphite.com
合格人員
Yvan Bussieres,P.Eng.(OIQ) 和 Antoine Yassa,P.Geo。(OGQ),他們是Northern Graphite的獨立顧問,是美國國家儀器43-101所定義的合格人選- 礦業項目披露標準, 已經驗證了本新聞稿中披露的數據,包括信息所依據的抽樣、分析和測試數據。根據行業標準,使用數據驗證和質量保證程序對數據進行了驗證。