Northern Graphite Corporation (TSXV:NGC) reported the results of the bankable feasibility study conducted for the Bissett Creek graphite deposit.
As quoted in the press release:
Prices of US$2,100 and US$2,600 per tonne of concentrate represent the 24 and 12 month weighted average price for the various sizes and grades of flake graphite that will be produced from the Bissett Creek deposit, based on prices quoted by Industrial Minerals Magazine.
Northern Graphite’s Chief Executive Officer, Gregory Bowes commented:
The FS confirms the technical and financial viability of constructing and operating an open pit mine and a 2,300tpd processing plant on the Bissett Creek property and establishes Northern Graphite as an industry leader with a large flake, high purity, scalable deposit that is located close to infrastructure and has very competitive operating costs.