| 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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