MONTREAL, Sept. 17, 2018 /CNW Telbec/ - SRG
Graphite Inc. (TSXV: SRG) ("SRG" or the "Company") announces
that it has launched its work on the feasibility study in
partnership with Montréal-based Met-Chem, a division of DRA
Americas Inc. ("DRA"). The positive outcome of the Company's
Preliminary Economic Assessment study ("PEA") along with the strong
fundamentals for graphite and energy metals gives confidence in the
future prospects of the Lola graphite project. To complement DRA,
SRG has also contracted serval consultants with specific
competencies related to the feasibility study. In many cases,
fieldwork has already begun and is ongoing. More details on the
fieldwork will be provided in future press releases as work is
completed.
"The feasibility study is an important step forward in the
development of the Lola graphite project as we move closer and
closer to construction", said Raphaël Beaudoin, P.Eng., VP
Operations, Metallurgy and Process Design, "we have assembled a
highly qualified team of experts to complete the study in Q2
2019."
DRA was selected to lead the feasibility study, with
Silvia Del Carpio, P.Eng., MBA,
nominated as project manager. DRA is well recognized for its
capabilities in mining and mineral processing. DRA has a talented
team of engineering, technical and project management personnel
with relevant project experience in North
America, Latin America,
Europe, Africa and India.
"We are delighted to continue working with SRG", said Daniel
Gagnon, Eng. Senior Vice President Mining, Geology and Met-Chem
Operations, "we have been involved in the Lola project since early
stages and we look forward to draw upon our experience in
Africa to deliver value to
SRG."
Remote Site Logistics ("RSL"), a British firm with strong
expertise in West African logistics and particularly in
Guinea, was selected to complete
the study and implementation of construction, and operations
importation along with concentrate export logistics. Mr. Brown of
RSL has worked as supply chain manager for Tullow Oil and
Hyperdynamics, where he was responsible for the implementation of
logistics for deep-water exploration oil wells off Guinea and Mauritania.
SGS Canada (Lakefield) was selected for the metallurgy
testwork, flowsheet validation, piloting testwork and for bulk
concentrate production. Oliver
Peters, a recognised specialist in graphite, is responsible
for the feasibility testwork at SGS Canada for the Project.
Epoch Resources was selected for the design of the tailing
storage facility. Operating from offices in South Africa, Epoch Resources is a leading
service provider with more than fifty years of combined experience
in the fields of environmental and mining waste management. Their
mandate is to assess the terrain and find a suitable location and
appropriate method for tailings disposal. Following this
assessment, they will provide the detailed design of the tailing
pond.
Mine Design Engineering ("MDEng"), provides services in
geomechanics to assist those in the mining and civil engineering
industries. MDEng was selected to assist in mine design and
engineering. Their first mandate is to design and supervise a soil
and rock sampling campaign to determine the stability of the future
mine walls.
Sahara Natural Resources ("SNR") is an African specialist in
exploration and mining. SNR was selected for both geotechnical
fieldwork and studies for civil engineering and hydrogeology. Their
mandate is to evaluate the ground stability and properties at the
selected plant location, as well as to understand the underground
water systems to support mine design.
ABOUT SRG
SRG is a Canadian-based company focused on developing the Lola
graphite deposit and the Gogota cobalt-nickel-scandium deposit
located in the Republic of Guinea,
West Africa. SRG is committed to
operating in a socially, environmentally and ethically responsible
manner.
For additional information, please visit SRG's website at
www.srggraphite.com.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This press release contains "forward-looking information" within
the meaning of Canadian securities legislation. All information
contained herein that is not clearly historical in nature may
constitute forward-looking information, including references to the
plans and project of the Company such as proceeding with production
at the Company's Lola Project, proceeding with exploration
activities on its permits including Lola and Gogota. Generally,
such forward-looking information can be identified by the use of
forward-looking terminology and phrases or state that certain
actions, events or results "expect", "may", "could", "would" or
"might". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information.
Forward-looking information is based on assumptions management
believes to be reasonable at the time such statements are made.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in the forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
forward-looking information. Accordingly, readers should not place
undue reliance on forward-looking information. Forward-looking
information is given as of the date of this press release, and the
Company does not undertake to update such forward-looking
information except in accordance with applicable securities laws.
Additional information on these and other factors that could affect
SRG's operations and financial results are included in reports on
file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com).
SOURCE SRG Graphite
