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Stocks in play: NextSource Materials Inc.
Announced the results of a Feasibility Study for a mine expansion of its 100%-owned Molo Graphite Mine in southern Madagascar. The FS considers an expansion to the Molo Graphite Mine's current Phase 1 production capacity of 17,000 tonnes per annum through the construction of an additional and standalone processing plant that increases the steady-state production rate to 150,000 tpa of SuperFlake® graphite concentrate over a 25-year life of mine. The FS projects a capital cost of US$161.7 million resulting in a pre-tax NPV using an 8% discount rate of US$424.1 million and a pre-tax IRR of 31.1%. NextSource Materials Inc. shares T.NEXT are trading down $0.03 at $1.11.
