Announcement Date: 2022-04-27
Announcement Type: PEA
Announcement Code: NI43-101
Company name: NextSource Materials Inc.
Project name: Molo
Location: Madagascar
Commodities: Graphite
Highlight: PEA results incl. post-tax NPV (8%) of $593M & IRR of 31.4%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Company is a mineral exploration and development company based in Toronto, Canada. The Company is currently focused on the development of its 100% owned, flagship Molo Graphite Mine Project. The Molo deposit is situated 160 km south-east of the city of Toliara, in the Tulear region of south-western Madagascar. The deposit occurs in a sparsely populated, dry savannah grassland region, which has easy access via a network of seasonal secondary roads radiating outward from the village of Fotadrevo. Fotadrevo in turn has an all-weather airstrip and access to a road system that leads to the regional capital (and port city) of Toliara and the Port of Ehoala at Fort Dauphin via the RN10, or RN13. Geologically, Molo is situated in the Bekily block (Tolagnaro-Ampanihy high grade metamorphic province) of southern Madagascar. The Molo deposit is underlain predominantly by moderately to highly metamorphosed and sheared graphitic (biotite, chlorite and garnet-rich) quartzo-feldspathic schists and gneisses, which are variably mineralised. Near surface rocks are oxidised, and saprolitic to a depth, usually of less than 5m.
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