NextSource Materials Announces New Corporate Presentation
08 Octobre 2019 - 5:33PM
NextSource Materials Inc. (TSX:NEXT) (OTCQB:NSRCF) (“NextSource” or
“the Company”) would like to inform investors that a new corporate
presentation is now available on its website
at www.nextsourcematerials.com that contains current
information on the Company's activities regarding its 100%-owned
and fully permitted Molo Graphite Project in southern Madagascar.
NextSource announced on September 27th the
robust results of its 2019 Feasibility Study (“FS”), which outlines
a phased development approach with Phase 1 producing 17,000 tonnes
per annum (“tpa”) of high-quality SuperFlake™ concentrate per year
over the first two years of production and Phase 2 producing a
total of 45,000 tpa by year three.
Both phases will utilize the Company’s unique,
fully modular build approach that will greatly reduce the build
time and associated costs in relation to conventional mine
construction and ensures that the Company maintains a first-mover
competitive advantage over the competition. As reported, the
capital mine cost (“CAPEX”) for Phase 1 will be US$21.0M with Phase
2 CAPEX being an additional US$39.1M, for a total project cost of
US$60.1M.
This re-confirms that the Molo project will have
one of the lowest all-in CAPEX costs versus its competitors while
maintaining lowest-quartile operating costs (“OPEX”) and yielding
optimal cashflow and return metrics with suitable flexibility to
enable a rapid response to the anticipated market demand for
graphite.
As previously reported to the market, the
Company has an off-take agreement in place with a prominent
Japanese trader, whom is a major supplier of flake graphite to
Japan’s largest battery processor and manufacturer of graphite
anode material in lithium ion batteries (“LiB”) for electric
vehicle applications. NextSource is currently in the process of
formalizing an additional sales agreement with a leading European
trader.
FS TECHNICAL REPORT
The FS technical report can be accessed directly
by investors on NextSource’s website at this link: 2019 Molo
Feasibility Study and under the Company’s profile on SEDAR at
www.sedar.com.
Please see “Molo Feasibility Study, National
Instrument 43-101 Technical Report on the Molo Graphite Project
located near the village of Fotadrevo in the Province of Toliara,
Madagascar Prepared by Erudite Strategies (Pty) Ltd” dated May 31,
2019 for certain other details and assumptions relating to the
mineral resource and reserve estimates and data verification
procedures.
Mr. Craig Scherba, P.Geo., President and CEO of
NextSource, is the qualified person who reviewed and approved the
technical information provided in the corporate presentation.
ABOUT NEXTSOURCE MATERIALS
INC.
NextSource Materials Inc. is a mine development
company based in Toronto, Canada, that is developing its 100%-owned
Molo Graphite Project in southern Madagascar. The Molo Graphite
Project is a fully permitted, feasibility-stage project high
quality flake graphite deposit.
To learn more, please visit the Company’s
website at www.nextsourcematerials.com or email investor relations
at info@nextsourcematerials.com
For further information contact: +1.416.364.4911
Brent Nykoliation, Senior Vice President, Corporate Development at
brent@nextsourcematerials.com or Craig Scherba, President and
CEO at craig@ nextsourcematerials.com
Safe Harbour: This press release and the Company’s corporate
presentation contains statements that may constitute
“forward-looking statements” within the meaning of applicable
Canadian and United States securities legislation. Readers are
cautioned not to place undue reliance on such forward-looking
statements. Forward-looking statements in this release relate
to the results of the Feasibility Study, funding of the development
of the Molo Project, implementation and commencement of the
build-out of the Molo Project, commencement of production at the
Molo Project, commencement of procurement for mine infrastructure,
the procurement of equipment to construct a mine, value
engineering, any and all product test results and product analysis,
and the permit application. These are based on current
expectations, estimates and assumptions that involve a number of
risks, which could cause actual results to vary and in some
instances to differ materially from those anticipated by the
Company and described in the forward-looking statements contained
in this press release. No assurance can be given that any of the
events anticipated by the forward-looking statements will transpire
or occur or, if any of them do so, what benefits the Company will
derive there from. The forward-looking statements contained in this
news release are made as at the date of this news release and the
Company does not undertake any obligation to update publicly or to
revise any of the forward-looking statements, whether as a result
of new information, future events or otherwise, except as may be
required by applicable securities laws.
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