Lomiko Metals has completed a positive preliminary feasibility study (PFS) for its La Loutre graphite project in south-eastern Québec, outlining the project’s economic performance, mineral reserves, capital requirements and long-term mine plan.The study estimates a pre-tax net present value (NPV) of C$797.5 million and an after-tax NPV of C$617.4 million, together with a pre-tax internal rate of return (IRR) of 30.3% and an after-tax IRR of 24.7%. The economic assessment is based on a graphite price assumption of US$1,524 per tonne of contained graphite (Cg). Initial capital expenditure is estimated at C$504.6 million, while the project is designed for a 28-year processing life.
Reserve estimate underpins long-term mine plan
The PFS defines probable mineral reserves of 46.8 million tonnes grading 4.79% Cg, containing 2.24 million tonnes of in-situ graphite. Mining is planned as a conventional open-pit operation, with a life-of-mine strip ratio of 2.4:1. The reserve estimate and mine design form the basis of the project’s production schedule outlined in the preliminary feasibility study.
Feasibility study supports project advancement
The preliminary feasibility study provides the technical and economic framework for advancing the La Loutre project through its next stages of development. The study establishes the project’s economic parameters while providing a basis for engagement with potential lenders, government agencies and industrial partners. Future project advancement includes permitting activities, product development and downstream processing pathways, together with engagement with prospective customers in the North American battery and industrial graphite markets.
