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Feasibility study values NextSource's Molo graphite project at US$184.3M

NextSource Materials Inc. outlined a post-tax net present value, at an 8% discount rate, of US$184.3 million, with an internal rate of return of 36.2% and a payback period of 3.8 years, in the feasibility study for the first and second phase of production of the Molo graphite project in Madagascar.

The company said Sept. 27 that phase 1 of the project is expected to produce 17,000 tonnes per annum over the first two years of production, while phase 2 is expected to produce 45,000 tonnes per annum starting the third year.

The total cost for the project, which is expected to have a 30-year life of mine, is US$60.1 million, wherein US$21.0 million will be used in the first phase, while US$39.1 million will be used in the second phase.

In April, the company said that it received an environmental permit for Molo after being granted a 40-year mining license in February.