NextSource completes screening equipment upgrade at Molo
TSX- and OTCQB-listed NextSource Materials has completed the planned screening equipment upgrades at its Molo graphite mine, in southern Madagascar, the company announced on August 7.
The company has upgraded equipment in the screening circuit to sort SuperFlake graphite concentrate into individual size fractions to meet customer specifications.
SuperFlake graphite concentrate can achieve 98% carbon purity across all flake size distributions with flotation alone, can be upgraded to 99.97% battery-grade purity and has a thermal expansion coefficient above the global average. It also contains no deleterious substances.
The Molo mine is now meeting or exceeding recovery and grade expectations and is consistently producing SuperFlake concentrate at a carbon content of between 95% and 97%.
During the screen installation, additional process plant upgrades were also carried out at the Molo mine that the company believes will further enable sustainable and enhanced recoveries going forward.
As a result, plant stability has been optimised and the operation is ready for the planned Phase 2 future expansion.
NextSource is transporting saleable SuperFlake concentrate from the Molo mine to the Port of Tulear in preparation for export.
“The team has delivered on the opportunity to capitalise on the quality of the Molo graphite deposit by improving recoveries and grades. Having previously shipped test material for qualification, we are now producing high-quality, saleable graphite concentrate.
“This leaves NextSource well positioned to meet the specifications required by different customers and builds confidence in the resilience of our future production profile as we look towards Phase 2 expansion,” president and CEO Craig Scherba said.
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