Graphite project feasibility study
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Lomiko Metals Inc. Delivers Positive Preliminary Feasibility Study For La Loutre Graphite Project
Businesswire· 2026-03-24 11:30
Core Insights - Lomiko Metals Inc. has announced positive results from the Preliminary Feasibility Study (PFS) for its La Loutre Graphite Project, indicating strong economic viability and potential for significant revenue generation [2][3]. Economic Evaluation - The PFS shows a pre-tax NPV of CAD$797.5 million and an after-tax NPV of CAD$617.4 million, with pre-tax and after-tax IRRs of 30.3% and 24.7%, respectively [2][10]. - The project has an initial capital cost (CAPEX) of CAD$504.6 million and a life of mine (LOM) processing period of 28 years [2][10]. - The average LOM strip ratio is 2.4:1, with total mined ore of 46.8 million tonnes at an average grade of 4.79% Cg [2][10]. Production and Reserves - The PFS estimates a total of 2,149 kilotons of graphite concentrate with a grade of 97.0% Cg over the life of the mine [2][10]. - Probable mineral reserves are estimated at 46.8 million tonnes with an average grade of 4.79% Cg, yielding a contained in-situ graphite quantity of 2.24 million tonnes [2][10]. Project Infrastructure and Community Engagement - The La Loutre Project is located in southeastern Quebec, covering 4,528 hectares and is positioned to create hundreds of jobs and significant contracting opportunities for local and Indigenous businesses [3][4]. - The company plans to work closely with local municipalities and the Kitigan Zibi First Nation to advance the project [4]. Next Steps - The PFS results indicate the project has technical and financial merit, with recommendations to advance to the next stage of development, including a feasibility study and an Environmental Impact Study [47]. Mineral Resource Estimate - The total mineral resource estimate includes measured, indicated, and inferred resources, with a focus on ensuring reasonable prospects for eventual economic extraction [21][22]. Capital and Operating Costs - Total operating costs are estimated at CAD$26.47 per tonne milled, with mining costs at CAD$12.43, processing costs at CAD$12.87, and general and administrative costs at CAD$1.17 [11][44]. Environmental and Water Management - The project includes a comprehensive water management plan to minimize environmental impact, with measures for sedimentation and recycling of water in processing circuits [38][39]. Graphite Price Forecast - The long-term weighted-average graphite price is projected at US$1,524 per tonne of graphite concentrate, with an exchange rate of CAD$1.00 = US$0.70 [6][9]. Sensitivity Analysis - A sensitivity analysis on the project's NPV and IRR was conducted, showing variations based on graphite price, capital expenditures, operating costs, and exchange rates [12][13].