Northern Graphite Corp. has filed the bankable feasibility study (BFS) for its Bissett Creek graphite property in Ontario, Canada, on SEDAR - the Canadian system for electronic document analysis and retrieval - after announcing its completion last month.
The BFS, which was prepared by GMining Services Inc., concluded that “the financial returns are sufficiently robust to justify the required investment to bring the Bissett Creek project to commercial production”.
“There are very few development-stage graphite companies and Northern is the only one that has disclosed complete independent bankable feasibility level confirmation of reserves and resources, capital and operating costs, metallurgy, flake size distribution, carbon content of concentrates etc,” Greg Bowes, Northern CEO, said.
“While economies in the US, Europe and China have slowed, the [BFS] has identified a number of immediate, low-risk opportunities to increase production and further reduce costs, which we believe will offset the effect of...