Another Graphite hopeful Black Earth Minerals has just produced a DFS yesterday.
Location Madagascar
Product Concentrate
Resource Indicated 16.7Mt @ 6.9% TGC
Inferred 23.3Mt @ 6.1TGC
Across 3 open pits
Capex USD103.8m
Plant 1.0Mtpa
NPV USD205m post tax
IRR 29%
MC ~AUD27.1m
This gives me a lot of confidence that the project we have will meet this resource size quite easily based on the confidence they are exuding that EM detection is working well for resource discovery.
Plus we are in OZ which should be very well received...stating the obvious though.
DFS announcement from Hot Copper yesty...some punters over there are not that happy about the numbers reducing from earlier studies...can't please everyone.
64559326
Plus a write up from RRS about it too.
https://www.resourcesrisingstars.com.au/news-article/rising-graphite-price-could-be-start-strong-recovery-supply-deficit-looms
Another Graphite hopeful Black Earth Minerals has just produced...
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