Announcement Date: 2023-02-27
Announcement Type: Feasibility Study
Announcement Code: NI43-101
Company name: SRG Mining Inc.
Project name: Lola
Location: Guinea
Commodities: Graphite
Highlight: Feasibility Study result incl. Post Tax NPV (8%) of USD $218M & IRR of 25%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Montreal, Quebec, February 27, 2023 – SRG Mining Inc. (TSXV: SRG) (“SRG” or the “Company” ) today welcomes the positive results of an independent Updated Feasibility Study (“UFS”) for the highquality Lola Graphite Project in the Republic of Guinea. The Lola Graphite Project 2023 UFS evaluates a doubling in annual production capacity from the previous 2019 Lola Graphite Project Feasibility Study to an average of 94,000 tonnes of graphite flakes in concentrate per annum (“ktpa”) over its 17-year life of mine. The UFS was prepared by DRA Global Limited (“DRA”).
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