"Subsequent to the end of the reporting period, the Company has finalised planning and contract terms for the drilling program and awaits approval of the drilling permit from the Quebec regulator before commencing this important program. In conjunction with this major drilling program, expressions of interest were also sought from Engineering companies capable of carrying out a pre-feasibility study (PFS) into the development of a high-grade flake-graphite concentrate plant for the Lac Rainy Graphite Project. The PFS study is planned to advance work that had been completed to scoping study level in 20214 in which a 100 KTPA concentrate plant was proposed for the Lac Rainy project over an initial 14-year period, supported by the maiden Mineral Resource estimate. After the end of the reporting period, a shortlist of internationally recognised engineering companies has been finalised and preparation of detailed proposals for the study are well advanced".
Should be some news coming through. Hopefully the PFS study shows the market that they are serious.
