SRG Graphite Inc.
SRG is a Canadian-based resource company with the goal of creating shareholder value by becoming a leader in the production and delivery of low-cost, quick-to-market, quality graphite. The Company is focused on developing the 100%-owned Lola graphite deposit, which is located in the Republic of Guinea, West Africa.
The Lola Graphite occurrence has a prospective surface outline of 3.22 sq. km of continuous graphitic gneiss, one of the largest graphitic surface areas in the world. Management is also very optimistic about the nickel-cobalt scandium deposit, known as the Gogota deposit, located on the same permit as the Lola graphite deposit.
SRG has an experienced management team with proven track record of success. Over 50 years of combined mining experience in francophone West Africa. SRG is committed to operate in a socially, environmentally and ethically responsible manner.
Increasing Worldwide Demand for Graphite
(1) Lola Graphite Project, Eastern Guinea, West Africa
The Lola Graphite deposit is located approximately 1,000 kilometers east of Conakry, the capital of the Republic of Guinea. The Lola Graphite occurrence has a prospective surface outline of 3.22 sq. km of continuous graphitic gneiss, one of the largest graphitic surface areas in the world.
Early metallurgical tests demonstrated one of the best flake distributions in the realm of publicly-traded graphite companies with more than 50% of large flake, including 26% jumbo flake. Additionally, most of the large flake graphite can be brought up to the ~93%-97% purity level through simple floatation, which should produce favourable opex and project economics.
The Company filed its preliminary economic assessment (PEA) for its Lola Graphite deposit on August 2nd, 2018. The results of the PEA were positive with a pre-tax IRR of 35% over a 16-year mine life. This report took into consideration the new mineral resource estimate which increased in-situ graphitic carbon by 54% and increased Measured and Indicated resources from 224,118 tonnes to 676,900 tonnes of Cg content at a 3% cut-off-grade, an increase of 201%.
Exploration and Development
(2) Gogota Nickel-Cobalt Project, Guinea
SRG also owns 100% of the Gogota Nickel-Cobalt deposit situated only approximately 5 km away from its Lola Graphite deposit. The Gogota cobalt-nickel occurrence has a prospective surface area of 1.96 sq. km.
Proximity to Markets
Guinea, West African is coastal country, at only a few days shipping distance to Europe and to the American east coast, two of the fastest growing markets for high quality natural graphite flakes.
Strong Government Support
Management and Directors
Benoit La Salle, FCPA, FCA, MBA, Executive Chairman and Director
Mr. La Salle is the former Chairman of Plan International (Canada). Today Mr. La Salle is President & CEO of Windiga Energy, Chairman of Algold Resources Ltd., Executive Chairman of Sama Resources Inc., Executive Chairman of SRG Graphite Inc. and Chairman of the Canadian Council on Africa.
Ugo Landry-Tolszczuk, P.Eng., CFA, President, Chief Operating Officer & Chief Financial Officer
Prior to joining the company, Mr. Landry-Tolszczuk held the position of Director of Operations for Windiga Energy. Prior to this, he held several positions in related fields, including Product Manager for peripherals and Web Controllers for Distech Controls.
Raphaël Beaudoin, P.Eng., Vice President of Operations, Metallurgy & Process Design
Mr. Beaudoin worked as a plant metallurgist at the Minto Mine in the Yukon before joining the Nunavik Nickel Project for Canadian Royalties Inc. in 2012. Mr. Beaudoin participated in the implementation of the Nunavik Nickel concentrator as a plant metallurgist and held several positions including chief metallurgist and concentrator superintendent.
Elias J. Elias, LL.L., LL.B., Vice President of Legal and Corporate Affairs
Mr. Elias has extensive experience in West Africa in both the mining and the energy sectors. He served as General Counsel and Corporate Secretary of Windiga Energy Inc.
Marc-Antoine Audet, Ph.D (Geo.), P.Geo., Lead Geologist, QP and Director
Dr. Audet has over 27 years of geological experience in international nickel laterite exploration and development with major mining companies such as Xstrata Nickel and Falconbridge. Dr. Audet held several positions for Falconbridge in New Caledonia including Chief Geologist and Manager of Resource Estimation and Mine Development. He also served as the Senior Project Geologist and Director of Operations for Falconbridge International Investments Limited in Côte d’Ivoire, West Africa. Today, Dr. Audet serves as President & CEO of Sama Resources.
Mathieu Charette, CPA, CMA, Vice President of Finance & Corporate Controller
Mr. Charette has over thirteen years of experience in financial management, reporting, taxation, budgeting, forecasting and regulatory compliance for private and public companies. He has worked in a financial role with mining companies in West Africa since 2008.
Marc Filion, Ph.D, MBA, Eng., ASC, Independent Director
Marcel Duchesne, Independent Director
Yves Grou, CPA, CA, Independent Director
Rene Lessard, Independent Director
K. Abdoulaye Compaore, Director
Abdoul Aziz Nassa, Director
Please refer to SRG Graphite Inc.'s website www.srggraphite.com for complete biographies.
On April 09, 2019, SRG Graphite Inc. has released the results of its 200-tonne piloting project at SGS Canada. From the 200 tonnes processed, 12.8 tonnes of graphite flakes were produced at an average grade of 96.8 per cent total carbon (Ct). With this graphite in hand, the company will be better positioned to secure offtake agreements as it continues its sales efforts with its various clients in North America, Europe and Asia.
The company is also pleased to announce that a three-year research agreement has been signed with McGill University to further develop its graphite-processing techniques. Areas of study will include conventional mineral processing technologies and the application of new or existing hydrochemical processes to further purify graphite flakes.
On April 02, 2019, SRG Graphite Inc. has received its environmental conformity certificate from the government of Guinea for its Lola graphite project. This certificate is the only environmental and social permit required to move forward with the construction of the project. With this certificate in hand, the company is now in position to file for its mining licence, another crucial permit required for construction.
On March 14, 2019, SRG Graphite Inc. has provided the final assay results of its 2018 drilling campaign for its Lola graphite deposit in Guinea, West Africa.
Drill results highlights:
On January 15, 2019, SRG Graphite Inc. announced that it is now producing 95 per cent graphite samples from its metallurgical laboratory at the Lola graphite deposit in Guinea, West Africa.
On November 19, 2018, SRG Graphite Inc. announced the completion and subsequent opening of its metallurgical laboratory near the Lola Graphite Deposit in Guinea, West Africa.