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NextSource Materials granted mining permit for Molo Graphite Project in Madagascar

Mining News - Published on Tue, 19 Feb 2019

Image Source: Globe Newswire
NextSource Materials Inc announced that the Madagascar Government has granted a 40-year mining license for the Molo Graphite Project. The mining license does not limit mining to any specific volume, so the Company will be able to produce as much SuperFlake® graphite concentrate as market demand requires.

Craig Scherba, P.Geo., President and CEO of NextSource commented, “With the receipt of the mining permit, the Company can now implement the final steps in our mine development schedule towards achieving production in early 2020. Madagascar has always been renowned globally for the quality of its graphite, and our Molo project will vault Madagascar to one of the largest producing regions of high-quality flake graphite in the world.”

Source :

Posted By : Rabi Wangkhem on Tue, 19 Feb 2019
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