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Molo graphite project, Madagascar

26th March 2021

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Molo graphite project.

Location
Tulear region, in south-western Madagascar.

Project Owner/s
Mine development company NextSource Materials.

Project Description
The Molo project is a full feasibility study-stage project and ranks as one of the biggest-known and highest-quality flake graphite deposits in the world and is the only project with SuperFlake graphite.

NextSource will use an all-modular build approach to building the mine.

Initial production is expected to be 17 000 t/y over the first two years of production followed by mine expansion in Year 3.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
A $29.5-million strategic investment by Vision Blue is expected to fully fund the construction of the project.

Planned Start/End Date
The project is scheduled for completion in the first half of 2022.

Latest Developments
Vision Blue Resources has committed to a strategic investment in NextSource Materials to fully fund its construction of the Molo graphite mine.

Proceeds of the investment will be used to fast-track the completion of two technical studies to confirm the capital and operating costs for the next phase of mine expansion, and build a value-added graphite processing plant to produce spheronised, purified graphite for lithium-ion batteries in electric vehicles.

Construction of the mine is expected to start soon, with the ordering of the longer-lead items for the mine processing plant, following the closing of the first private placement.

Key Contracts, Suppliers and Consultants
Not stated.

Contact Details for Project Information
NextSource Materials, tel +1416364 4911 or executive VP corporate development Brent Nykoliation, email brent@nextsourcematerials.com.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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