GRAPHITE: Nouveau Monde boosts recovery to 97.4%

QUEBEC – Montreal’s Nouveau Monde Graphite says that in optimization tests, graphite recovery from a sample from its Matawinie project 130 km north of Montreal has reached 97.4%. The concentrate grade was 97.3% total carbon during locked cycle tests. Flake size distribution was also better than in earlier tests. [caption id="attachment_1003718021" align="alignleft" width="300"] Graphite sample from the Matawinie project displayed at the PDAC. (Credit: Nouveau Monde Graphite)[/caption] The positive results of the metallurgical tests have given Nouveau Monde the confidence to launch a prefeasibility study of the Tony claim block at Matawinie. Met-Chem Canada will lead the study and co-ordinate the efforts of SNC-Lavalin and Journeaux Associates. The PFS will concentrate on the West zone deposit that contains 32.9 million indicated tonnes grading 4.50% graphitic carbon and 200,000 inferred tonnes grading 4.84% graphitic carbon. The preliminary economic assessment proposed an initial capital outlay of $144.5 million to build a project with an annual output of almost 50,000 tonnes of concentrate. Additional information is available at www.NouveauMonde.ca.