Mining

Guinea: Lola graphite project to generate annual revenues of over $60M

Wednesday, 11 July 2018 16:06

(Ecofin Agency) - SRG Graphite published July 6 results of the preliminary economic assessment (PEA) for its graphite project Lola, in Guinea. The study was conducted by Met-Chem. According to results, the development of this project could generate more than $60 million annually, taking into account graphite price volatility. On a $1,328 per ton basis, annual revenues are expected to amount to $66.6 million and cash flow would stand at $37.9 million.

Initial capital is estimated at $105 million, recoverable in 2.6 years. In addition, the mine would produce 50,200 tons of graphite concentrate annually over a 16-year mine life at operational costs of $372 per ton of concentrate and transport cost of $130 per ton. “These results highlight the value of the Lola graphite asset for the company.

During our trade-off assessment work, we  found several key points of improvement to incorporate in the feasibility study,” said CEO Ugo Landry Tolszczuk. Let’s note that SRG Graphite is a Canada-based company which operates the Lola graphite deposit and the Gogota nickel-cobalt mine in Guinea.

Louis-Nino Kansoun  

 
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