공시 • Feb 26
Lomiko Metals Inc. Announces Update on La Loutre Natural Flake Graphite Studies
Lomiko Metals Inc. announced an update on the feasibility studies at the La Loutre natural flake graphite project in Quebec, Canada. In May 2024, Lomiko Metals was awarded USD 8.35 million in Defense Production Act Title III funding from the United States of America's Department of Defense ("DoD") via a Technology Investment Agreement ("TIA") and funding of CAD 4.9 million from Natural Resources Canada (NRCan) to support further studies and anode material piloting at La Loutre. The Company provides the following updates: Phase 1: Pre-Feasibility Study ("PFS") and Baseline Data Collection: Lomiko is in the planning stages of initiating the engineering studies to complete the PFS in 2025, subject to access to capital and permitting timelines. The PFS studies to be completed include geotechnical drilling, engineering and power studies, and decarbonization studies for a Net Zero project. Community engagement is considered throughout the study phases. The Grenville was formed under conditions that were very favorable for the development of coarse-grained, flake-type graphite mineralization from organic-rich material during high-temperature metamorphism. Lomiko published an updated Mineral Resource Estimate ("MRE") in a NI 43-101 Technical Report and Mineral Resource Estimate Update for the La Loutre Project, Quebec, Canada, prepared by InnovExplo on May 11th, 2023, which estimated 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne for 3.0 million tonnes of graphite, a tonnage increase of 184%. Indicated Mineral Resources increased by 41.5 million tonnes as a result of the 2022 drilling campaign, from 17.5 million tonnes in 2021 MRE with additional Mineral resources reported down-dip and within marble units resulted in the addition of 17.5 million tonnes of Inferred Mineral Resources averaging 3.51% Cg per tonne For 0.65 million tonnes of contained graphite; and the additional 13,107 metres of infill drilling in 79 holes completed in 2022 combined with the refinement of the deposit and structural models contributed to the addition of most of the Inferred Mineral Resources to the Indicated Mineral Resources category, relative to the 2021 Mineral Resource Estimate. The MRE assumes a USD 1,098.07 per tonne price and a cut-off grade of 1.50% Cg (graphitic carbon). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "ant anticipates", " plans", "predicts", "proposes", " potential, target", "target", "implement", "intends", "could", " might", " might", "should", "believe" and similar words or expressions. FLI in this new release includes, but is not limited to: expected timing of completion of the closing conditions in connection with the acquisition and closing of the acquisition, expected costs of exploration and timing to achieve certain milestones, timing for completion of exploration programs; the Company's ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets). FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: the ability of the Company to meet the closing conditions of the acquisition, including regulatory approval, and complete the transaction within the anticipated timing; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results there from and timing thereof; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; impact of increasing competition in Quebec; impact of increasing competitors in Quebec; impact of increasing compete in the market.