News Releases

Sama reports on SRG’s Positive Preliminary Economic Assessment and Resource Additions at Lola

July 10, 2018

Sama Resources (TSXV: SME) reports that SRG Graphite Inc. (SRG) has announced results of a Preliminary Economic Assessment study (PEA) for the development of SRG’s Lola graphite project in the Republic of Guinea, West Africa.

The PEA was prepared by Montréal-based Met-Chem, a division of DRA Americas Inc. All dollar figures are in United States dollars.

Highlights of the Lola graphite PEA:

  • Production of 50,200 tons of graphite concentrate per year over a 16-year mine life
  • Capital costs of $105 million (“M’) including contingency of $15M
  • Operational costs of $372/tonne (“t”) of concentrate and $130/t of transport
  • Pre-tax NPV (8%) of $204M (post-tax NPV (8%) of $121M) at an average sales price of $1,328/t
  • Finished grade of over 94% and up to 98% over all size fractions
  • Strip ratio of 0.39

For more information please see Sama’s news release.

© 2021 High Power Exploration Inc.
All rights reserved.