NextSource Materials Provides Molo Mine Update
NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) has announced significant progress at its Molo Graphite Mine in Madagascar. The company has completed planned screening equipment upgrades, enabling the sorting of SuperFlake® graphite concentrate into specific size fractions to meet customer requirements. The mine is now consistently producing concentrate with 95-97% carbon content, meeting or exceeding recovery and grade expectations.
Additional process plant upgrades were implemented during the screen installation, which NextSource believes will enhance sustainable recoveries. The company has begun transporting saleable SuperFlake® concentrate to the Port of Tulear for export. CEO Craig Scherba expressed confidence in the company's ability to meet various customer specifications and in the resilience of their future production profile as they look towards Phase 2 expansion.
NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ha annunciato significativi progressi nella sua miniera di grafite Molo in Madagascar. L'azienda ha completato gli aggiornamenti programmati delle attrezzature di screening, consentendo la separazione del concentrato di grafite SuperFlake® in frazioni di dimensioni specifiche per soddisfare le esigenze dei clienti. La miniera sta ora producendo costantemente un concentrato con un contenuto di carbonio del 95-97%, raggiungendo o superando le aspettative di recupero e grado.
Ulteriori aggiornamenti all'impianto di processo sono stati implementati durante l'installazione dello schermo, che NextSource ritiene miglioreranno i recuperi sostenibili. L'azienda ha iniziato il trasporto del concentrato SuperFlake® vendibile al Porto di Tulear per l'esportazione. Il CEO Craig Scherba ha espresso fiducia nella capacità dell'azienda di soddisfare le varie specifiche dei clienti e nella resilienza del loro profilo di produzione futuro, mentre si preparano all'espansione della Fase 2.
NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ha anunciado avances significativos en su mina de grafito Molo en Madagascar. La compañía ha completado las actualizaciones planificadas del equipo de selección, lo que permite clasificar el concentrado de grafito SuperFlake® en fracciones de tamaño específicas para cumplir con los requisitos de los clientes. La mina está ahora produciendo consistentemente concentrado con un contenido de carbono del 95-97%, cumpliendo o superando las expectativas de recuperación y calidad.
Se implementaron mejoras adicionales en la planta de procesamiento durante la instalación de la malla, que NextSource cree que mejorarán las recuperaciones sostenibles. La compañía ha comenzado el transporte de concentrado SuperFlake® en venta al Puerto de Tulear para exportación. El CEO Craig Scherba expresó su confianza en la capacidad de la empresa para cumplir con las diversas especificaciones de los clientes y en la resiliencia de su perfil de producción futuro, mientras se preparan para la expansión de la Fase 2.
NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF)는 마다가스카르에 위치한 Molo 흑연 광산에서 중요한 진전을 발표했습니다. 이 회사는 예정된 스크리닝 장비 업그레이드를 완료했습니다, 이를 통해 SuperFlake® 흑연 농축물을 고객의 요구에 맞춰 특정 크기 분별이 가능합니다. 이 광산은 이제 95-97%의 탄소 함량을 가진 농축물을 지속적으로 생산하고 있습니다, 회수 및 등급 기대치를 충족하거나 초과하고 있습니다.
스크린 설치 중에 추가 프로세스 플랜트 업그레이드가 구현되었으며, NextSource는 지속 가능한 회수를 향상시킬 것이라고 믿고 있습니다. 이 회사는 판매 가능한 SuperFlake® 농축물을 Tulear 항구로 운송하기 시작했습니다. CEO인 Craig Scherba는 회사가 다양한 고객 사양을 충족할 수 있는 능력과 향후 생산 프로필의 회복력에 대한 자신감을 표명했습니다. 2단계 확장을 염두에 두고 있습니다.
NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) a annoncé des progrès significatifs dans sa mine de graphite Molo à Madagascar. L'entreprise a achevé les mises à niveau des équipements de criblage prévues, permettant de trier le concentré de graphite SuperFlake® en fractions de taille spécifiques pour répondre aux exigences des clients. La mine produit désormais constamment un concentré avec un contenu en carbone de 95-97%, répondant ou dépassant les attentes en matière de récupération et de qualité.
D'autres améliorations de l'usine de traitement ont été mises en œuvre lors de l'installation de l'écran, que NextSource estime amélioreront les récupérations durables. L'entreprise a commencé le transport du concentré SuperFlake® commercialisable au port de Tulear pour l'exportation. Le PDG Craig Scherba a exprimé sa confiance dans la capacité de l'entreprise à répondre aux diverses spécifications des clients et dans la résilience de son profil de production futur alors qu'ils envisagent l'expansion de la Phase 2.
NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) hat signifikante Fortschritte bei seiner Molo-Grafitmine in Madagaskar angekündigt. Das Unternehmen hat geplante Upgrades der Siebausrüstung abgeschlossen, wodurch der SuperFlake®-Grafitkonzentrat in spezifische Größenfraktionen sortiert werden kann, um die Anforderungen der Kunden zu erfüllen. Die Mine produziert nun ständig Konzentrate mit einem Kohlenstoffgehalt von 95-97%, was den Erwartungen an Rückgewinnung und Qualität entspricht oder diese übertrifft.
Zusätzliche Anlagenverbesserungen wurden während der Installation der Siebanlage durchgeführt, von denen NextSource erwartet, dass sie nachhaltige Rückgewinnungen erhöhen. Das Unternehmen hat begonnen, verkaufsfähigen SuperFlake®-Konzentrat zum Hafen von Tulear für den Export zu transportieren. CEO Craig Scherba äußerte Vertrauen in die Fähigkeit des Unternehmens, verschiedene Kundenspezifikationen zu erfüllen und in die Widerstandsfähigkeit ihres zukünftigen Produktionsprofils in Hinblick auf die bevorstehende Phase-2-Erweiterung.
- Successful upgrade of screening equipment to sort SuperFlake® graphite concentrate
- Consistently producing concentrate with 95-97% carbon content
- Meeting or exceeding recovery and grade expectations
- Additional process plant upgrades for enhanced sustainable recoveries
- Transporting saleable concentrate to port for export
- Optimized plant stability positioning for future Phase 2 expansion
- None.
Begins Transporting SuperFlake® Graphite Concentrate to Port for Export
TORONTO, ON / ACCESSWIRE / August 7, 2024 / NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or "the Company") is pleased to announce the completion of the planned screening equipment upgrades at its Molo Graphite Mine (the "Molo mine") in southern Madagascar.
The Company has successfully upgraded equipment in the screening circuit to sort SuperFlake® graphite concentrate into individual size fractions to meet customer specifications. The Molo mine is now meeting or exceeding recovery and grade expectations and consistently producing SuperFlake® concentrate at a carbon content of between
During the screen installation, additional process plant upgrades were also carried out at the Molo mine that the Company believes will further enable sustainable and enhanced recoveries going forward. As a result, plant stability has been optimized and the operation is well positioned ahead of its planned Phase 2 future expansion.
The Company is now transporting saleable SuperFlake® concentrate from the Molo mine to the Port of Tulear in preparation for export.
President and CEO Craig Scherba commented,
"The team have delivered on the opportunity to capitalize on the quality of the Molo graphite deposit by improving recoveries and grades. Having previously shipped test material for qualification, we are now producing high quality, saleable graphite concentrate. This leaves NextSource well positioned to meet the specifications required by different customers and builds confidence in the resilience of our future production profile as we look towards Phase 2 expansion."
About NextSource Materials Inc.
NextSource Materials Inc. is a battery materials development company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.
The Company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production, with Phase 1 mine operations currently being optimized to reach its nameplate production capacity of 17,000 tpa of graphite concentrate.
The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, outside of existing Asian supply chains, in a fully transparent and traceable manner.
NextSource Materials is listed on the Toronto Stock Exchange (TSX) under the symbol "NEXT" and on the OTCQB under the symbol "NSRCF".
For further information about NextSource, please visit our website at nextsourcematerials.com or contact us:
Investors: Brent Nykoliation Executive Vice President +1.416.364.4911 brent@nextsourcematerials.com or Craig Scherba, President & CEO craig@nextsourcematerials.com
Media: Michael Oke/Andy Mills +44 207 321 0000 nextsource@aura-financial.com
Cautionary Note
This press release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward looking statements and information are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "possible" and other similar words, or statements that certain events or conditions "may", "will", "could", or "should" occur. Forward-looking statements include any statements regarding, among others, timing of commissioning and achievement of nameplate capacity, including the processing plant, process improvements and mine plant adjustments as well as production estimates and timing thereof, the rollout of Battery Anode Facilities including the capabilities and the timing thereof. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
SOURCE: NextSource Materials Inc.
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FAQ
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