Mason Graphite is a Canadian mining and mineral processing company focused on the development of what management believes to be one of the highest grade graphite deposits known in the world. The 100% owned Lac Guéret graphite project is located in northeastern Québec, Canada
In September 2015, the Company issued the positive results of a Feasibility Study (FS) for the Lac Guéret project that featured a long life, low cost operation with an Internal Rate of Return (IRR) of 44% (details of the FS can be found on the PROJECT page). This study considers only 7.5% (or 4.7 Mt of Proven and Probable Reserves grading 27.77% Cg) of the total Measured and Indicated Mineral Resources. "In-Pit" Mineral Resources beyond the Project Life of 25 years, or 58.1 Mt grading 16.3% Cg, represents the ore looking to be extracted after the initial 25 years of mine life, providing the Company with the flexibility of extending the mine life far beyond what was presented in the results of the Feasibility Study. Please see the press releases dated September 25, 2015 and March 1, 2016 for more information.
Mason Graphite is now focused on obtaining all permits required to begin construction in 2016, with the aim of achieving production in 2017.
The Company is led by a highly experienced graphite team led by Benoit Gascon, CA CMA, who has held 20 years of executive positions at Timcal (later became Imerys Graphite and Carbon), including over 6 years as CEO. Imerys Graphite and Carbon is the largest graphite supplier in the world.
The company is also advancing a detailed study for large scale production of value-added graphite products, which was initiated in 2015. Such 2nd transformation includes micronization, additional purification, spheronization and coating, resulting in graphite products suitable for a wide range of technical applications (including carbon brushes, brake linings, plastics and lubricants), electrochemical applications (including alkaline batteries, Li-ion batteries and fuel cells), as well as other specialized uses. Mason Graphite has been working on product development and manufacturing processes with the National Research Council of Canada (NRC), COREM and Hatch. The management team has more than 20 years of experience in processing and marketing different types of graphite and other carbon products to the alkaline and Li-ion battery industries.