Focus Graphite Inc. is an advanced exploration and development mining company with the goal of becoming a low-cost producer of technology-grade graphite concentrate from its Lac Knife project in Québec. Lac Knife is one of the most advanced graphite projects in North America and holds one of the highest-grade flake graphite deposits in the world. Focus Graphite is 100%-owned Lac Knife flake graphite deposit is located about 27 km south west of Fermont in the province of Québec. It is within the well-established iron ore-mining jurisdiction in Canada, with multi-billion-dollar mining operations owned by ArcelorMittal (23 Mtpy) and Rio Tinto (14-17 Mtpy) among others. Infrastructure is well developed for both hydroelectric power and public railway transportation that is connected to the Port of Sept-Iles. The Québec North Shore and Labrador (QNS and L) railway has capacity to handle the annual production of 44,300 tonnes of concentrate and the hydroelectric power capacity required for the project is currently available on the existing Hydro Quebec power grid. The agreement will supply Grafoid with material for future graphene-based batteries and for green energy applications. The 2014 Feasibility Study completed on the Lac Knife Project includes the Open Pit Mineral Reserves outlined above and indicates that the project has the potential to become a low-cost, high-margin graphite concentrate producer at $441 per tonne of graphite concentrate. One key component of Lac Knife low production costs is the easy access to low cost, environmentally sustainable hydroelectric power from Hydro-Québec. Energy costs are a major factor in total operating costs, and in Quebec it is among the lowest corporate rates in North America. Over a 25-year mine life, the annual milling capacity is 323,670 tonnes per year to produce 44,300 tonnes of concentrate. The concentrate will grade 97.8% total carbon (Ct) on average for the life of the mine based on current open pit reserves.
Resource Portal for I2M Clients, Associates, and Geoscientists
Managed & Built by I2M Consulting, LLC | © 2010-
Managed & Built by I2M Consulting, LLC | © 2010-