SRG Graphite Inc. (SRG:TSX.V) announced that fieldwork is "either well underway or completed ahead of schedule or on time" for the feasibility study on its Lola graphite project in Guinea, West Africa. As such, the management team believes the target date for completion of the study will be met.
"Our local team and our technical partners are dedicated and hardworking, which is yielding results. It's exciting to finally move toward civil geotechnical and mine design studies," said Raphaël Beaudoin, SRG's vice president of operations, metallurgy and process design, in the news release.
Specifically, the mine and civil geotechnical fieldwork is done, preliminary results from which should be available by year-end 2018. The mine geotechnical study, being conducted by Mine Design Engineering, will assess soil composition at the deposit, which is critical to design of the open-pit mine. The civil geotechnical study, piloted by Sahara Natural Resources (SNR) and DRA, will help determine the location for the plant.
Hydrogeology fieldwork, also being done by SNR and DRA, is in progress with four of the six projected wells already dug. The groundwater results will be important to the environmental impact study and the mine design.
Also advancing is Epoch Resources' study concerning tailings, from which results are expected by the end of 2018. The firm is now evaluating which of the nine potential sites it pinpointed is ideal for the tailings storage facility. Then it will define the best method of managing the tailings.[NLINSERT]
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: SRG Graphite. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of SRG Graphite, a company mentioned in this article.