Announcement Date: 2022-05-02
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Northern Graphite Corp.
Project name: Okanjande
Location: Canada
Commodities: Graphite
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The MSA Group (Pty) Ltd (“MSA”) has been engaged by Northern Graphite Corporation to prepare a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) (2011) compliant Mineral Resource Estimate with respect to the Okanjande graphite deposit (“Okanjande deposit” or “the Project” and/or the “Okanjande Project”), and to prepare a supporting Independent Technical Report (the “Technical Report” or the “Report”). 1.1 Property Description and Ownership Northern Graphite Corporation (“Northern” or the “Company”), a Canadian company listed on the Toronto Venture Exchange (“TSX-V”), has signed an agreement (subject to TSX-V approval and other conditions), to acquire 100 per cent ownership of Imerys Gecko Holdings (Pty) Ltd (“Holdings”). Holdings in turn owns a 100 per cent interest in Imerys Gecko Graphite (Namibia) (Pty) Ltd (“IGG”) and a 100 per cent interest in Imerys Gecko Okanjande Mining (Pty) Ltd (“IGOM”). Collectively, Holdings, IGG and IGOM are referred to as the “JV” or “Imerys-Gecko” as they operate as one under joint management and control.
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