LykeShares
ASX Mining News
Sign up
Login
Sign Up
(current)
Watchlist
Feedback
Advertise With Us
Profile
Home
Search
Watchlist
Advertise
Feedback
Profile
What Is the Exceptional Assay Result from Lac Rainy's Graphite Project? — ASX:MLS| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$MLS
What Is the Exceptional Assay Result from Lac Rainy's Graphite Project?
Lac Rainy's Graphite Revolution: High-Grade Potential Unleashed
In a significant leap forward for the graphite industry, Metals Australia Ltd has announced an extraordinary assay result of 64.3% graphitic carbon (Cg) from its Lac Rainy Graphite Project, located in the graphite-rich region of Quebec, Canada. This finding marks a watershed moment in the project's evolution, highlighting its potential as a Tier-1 flake-graphite resource.
The Significance of the 64.3% Cg Result
The remarkable 64.3% Cg result, stemming from an over-limit analysis of a rockchip sample at Lac Rainy's West Carheil Trend, is a milestone in graphite exploration. This region, known for its rich deposits, has yielded multiple rockchip results exceeding 20% Cg over a 6km strike-length, previously untested by drilling.
Lac Rainy: A Treasure Trove of Graphite
The Lac Rainy project, a burgeoning epicenter of high-grade flake graphite, boasts a current Mineral Resource of 13.3 million tonnes at 11.5% Cg. Intriguingly, this resource has been defined from
...
See More
merely 1km of drilling, representing just a fraction of the total 36km strike-length identified with graphitic trends.
Exploring the Vast Graphitic Trends
The comprehensive sampling program at Lac Rainy involved 80 samples across 10 graphitic trends, mirroring or surpassing the electromagnetic anomaly intensity of the Carheil Trend. Results from this program have been promising, with 10 samples exceeding 20% Cg and an average of over 11% Cg across the entire sampled strike-length.
Upcoming Major Drilling Programs: Targeting High-Grade Zones
Metals Australia is poised to embark on an ambitious drilling endeavor, aiming to cover up to 12,000m. This extensive program is designed with three primary objectives:
Testing New High-Grade Zones: The focus will be on probing priority high-grade zones, identified through the recent sampling program, to substantially upgrade and expand the existing Mineral Resources.
Expanding the Resource Base: By extending the drilling over the expanded 36km strike-length, there is potential to uncover additional high-grade graphite deposits, significantly enhancing the project's resource base.
Confirming Lac Rainy's Potential: The overarching goal is to solidify Lac Rainy's status as a leading graphite resource, capable of meeting growing market demands.
Development Studies and Pre-Feasibility Study
Metals Australia is not just drilling. The company is simultaneously advancing key development studies, including a Pre-Feasibility Study (PFS) for producing high-grade flake-graphite concentrate. The PFS aims to build upon a previous Scoping Study, which suggested robust economic potential with over 100% margin and a projected payback period of four years.
Beyond Mining: Eyeing Battery-Grade Graphite
Parallel to the PFS, an exploratory study is being conducted to identify the optimal method for refining high-grade flake-graphite into premium battery-grade spherical graphite. This step is crucial for addressing the North American market's reliance on Chinese imports, especially in the lithium-ion battery and electric vehicle sectors.
Leadership and Future Directions
Under the stewardship of newly appointed CEO Paul Ferguson, Metals Australia is charting a course towards realizing Lac Rainy's full potential. Chairman Mike Scivolo emphasizes the project's promise as a "globally significant, Tier-1 flake-graphite resource."
Government Funding and Offtake Partnerships
As the project advances, discussions are underway regarding government funding and offtake partnerships, critical for the project's long-term success and integration into global supply chains.
The Lac Rainy Graphite Project, with its exceptional assay results and expansive resource potential, stands on the brink of transforming the graphite industry. As drilling and development studies progress, Metals Australia is poised to unlock the untapped potential of this remarkable resource, setting a new benchmark in the graphite market.
... View
1 Like
0 Reply
?
L
Lykeshares
147d
Official
Berkshire is hoarding so. much. cash.
464 Views
2 Likes
0 Reply
?
L
Lykeshares
147d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
...
See More
rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
447 Views
1 Like
0 Reply
?
L
Lykeshares
179d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
471 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
340 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
320 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
311 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
1.2k Views
1 Like
0 Reply
?
Loading more...
Popular Stocks 🚀
Great Lakes Dredge & Dock Corporation
NASDAQ:GLDD | Oilfield Services/E…
1.9k
Iperionx Limited
ASX:IPX | Materials
2.3k
Nick Scali Limited
ASX:NCK | Consumer Discretion…
2.8k
Australian United Investment Company Li…
ASX:AUI | Not Applic
505
Aeris Resources Limited
ASX:AIS | Materials
1.8k
Show more