This Canadian company's feasibility study remains
on target.
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.
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