Graphano Energy Ltd. Announces Initial Mineral Resource Estimate for Its Lac Saguay Graphite Project - LAB and Standard Properties

Core Insights - Graphano Energy Ltd. has announced an initial Mineral Resource estimate for its Lac Saguay Graphite Project, indicating significant potential for high-grade graphite in North America [1][2] Mineral Resource Estimate - The Mineral Resource estimate includes 1,640,000 tonnes of indicated resources at a grade of 7.00% graphitic carbon (Cg), containing 115,000 tonnes of Cg, and 1,580,000 tonnes of inferred resources at the same grade, containing 111,000 tonnes of Cg [3][5] - The LAB property features a high-grade pit zone with an indicated resource of 250,000 tonnes at 8.96% Cg [3][5] - The project is strategically located near major transportation routes and adjacent to the Lac-des-Iles processing facility, enhancing its logistical advantages [3][4] Development Plans - The company plans to execute a comprehensive development program that includes infill drilling to upgrade inferred resources, a bulk sampling program for metallurgical testing, and environmental baseline studies to support permitting [4][3] - There is significant infill potential and expansion opportunities identified within the existing mineralization zones, with six additional zones noted for future exploration [3][4] Market Context - The demand for graphite is increasing, particularly for applications in lithium batteries and energy storage technologies, positioning the Lac Saguay project to meet future market needs [18]