Nouveau Monde Announces Results From Its Summer of 2016 Exploration Drilling Program, Including an Intersection of 88.4 m Grading 4.95 Cg, in its West Zone Tony Block – Matawinie Property, Quebec
Nouveau Monde (NOU:tsxv) Announces Results From Its Summer of 2016 Exploration Drilling Program, Including an Intersection of 88.4 m Grading 4.95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg, in its West Zone Tony Block – Matawinie Property, Quebec
– Momentum Public Relations –
Press Release: September 27, 2016
Nouveau Monde Mining Enterprises Inc. (“Nouveau Monde“) (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) is pleased to report results from its summer of 2016 drilling program located on the West Zone of the Tony claim block, part of its Matawinie graphite Property. The project is located in the Saint-Michel-des-Saints area, some 120 km north of Montreal, Québec, Canada. A Preliminary Economic Assessment (PEA), completed in accordance with the NI 43-101 guidelines, was completed for the Tony Claim Block earlier this year (see press release dated June 22, 2016).
The following files can be downloaded in support to the reading of the paragraphs below:
- Tony Block location map: http://nouveaumonde.ca/wp-content/uploads/PR_Tony_Block_20160922_EN.pdf
- West Zone location map: http://nouveaumonde.ca/wp-content/uploads/PR_West_Zone_20160922_EN.pdf
- Representative drill sections W+0300: http://nouveaumonde.ca/wp-content/uploads/Section_W2B0300_20160924.pdf
- Representative drill sections W+2100: http://nouveaumonde.ca/wp-content/uploads/Section_W2B2100_20160924.pdf
Drilling
The summer of 2016 drilling campaign consisted of 22 holes totaling 3,597 m. The operation resulted in the extension of the West mineralized zone, which now measures approximately 2.2 km in strike length. The dip of the mineralized horizons varies from sub vertical to around 75° towards the east. The mineralization remains open to the north, to the south and at depth. The mineralized intersections provided by the recent drilling program are presented in Table 1 below.
Table 1: Mineralized intersections provided by the 2016 summer drilling program
Drill Hole | Section | From (m) | To (m) | Mineralized Interval ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg)* |
TO-16-85 | W+0000 | 61.4 | 72.4 | 11 m @ 4.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0000 | 127.1 | 215.5 | 88.4 m @ 4.95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0000 | 127.1 | 145 | 17.9 m @ 3.4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0000 | 145 | 215.5 | 70.5 m @ 5.35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-96 | W+0000 | 3.2 | 14.25 | 11.05 m @ 2.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0000 | 22.25 | 54.2 | 31.95 m @ 4.63{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-83 | W+0100 | 7 | 46.4 | 39.4 m @ 4.55{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
TO-16-82 | W+0200 | 52.15 | 72.5 | 20.35 m @ 4.06{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0200 | 142 | 209 | 67 m @ 4.63{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-84 | W+0200 | 22 | 70 | 48 m @ 4.94{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0200 | 80 | 92 | 12 m @ 4.58{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-80 | W+0300 | 63 | 74 | 11 m @ 3.37{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0300 | 158.4 | 245 | 86.6 m @ 3.99{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-81 | W+0300 | 11.1 | 46.9 | 35.8 m @ 3.71{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0300 | 52 | 80 | 28 m @ 4.05{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-78 | W+0400 | 60.05 | 86.3 | 26.25 m @ 2.99{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0400 | 109 | 139.3 | 30.3 m @ 2.37{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0400 | 143.6 | 169 | 25.4 m @ 3.25{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0400 | 181 | 239.2 | 58.2 m @ 2.88{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-79 | W+0400 | 14.9 | 27.1 | 12.2 m @ 4.31{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0400 | 30.3 | 77.45 | 47.15 m @ 4.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-75 | W+0500 | 63.9 | 81 | 17.1 m @ 3.36{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0500 | 128.8 | 154 | 25.2 m @ 3.77{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0500 | 173 | 203 | 30 m @ 3.77{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0500 | 209 | 223.3 | 14.3 m @ 3.38{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-76 | W+0500 | 58.2 | 74 | 15.8 m 2 3.73{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+0500 | 78 | 100 | 22 m @ 5.03{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+0500 | 104 | 121 | 17 m @ 3.79{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-86 | W+1700 | 34.2 | 73 | 38.8 m @ 4.02{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
TO-16-87 | W+1800 | 52.75 | 76.5 | 23.75 m @ 6.07{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+1800 | 79.8 | 90.2 | 10.4 m @ 4.41{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-88 | W+1800 | 78.15 | 99.65 | 21.5 m @ 5.02{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+1800 | 123.6 | 141 | 17.4 m @ 2.03{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+1800 | 141 | 218.25 | 77.25 m @ 4.7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-89 | W+1900 | 56.93 | 91.6 | 34.67 m @ 5.14{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
TO-16-90 | W+2000 | 54.7 | 83.1 | 28.4 m @ 4.63{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
TO-16-91 | W+2000 | 52.6 | 63 | 10.4 m @ 2.24{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+2000 | 95.65 | 109 | 13.35 m @ 3.81{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+2000 | 131 | 180 | 49 m @ 4.18{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-92 | W+2100 | 96.8 | 107.9 | 11.1 m @ 3.48{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+2100 | 124.4 | 158.2 | 33.8 m @ 4.9{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+2100 | 166 | 178.7 | 12.7 m @ 5.02{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
W+2100 | 180.6 | 198.3 | 17.7 m @ 5.04{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-93 | W+2100 | 43.6 | 74 | 30.4 m @ 4.18{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
TO-16-94 | W+2200 | 70 | 96.05 | 26.05 m @ 4.49{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
W+2200 | 128.6 | 164.1 | 35.5 m @ 5.22{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | |
TO-16-95 | W+2200 | 74.6 | 117.2 | 42.6 m @ 5.32{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} |
* Only mineralized intervals over 10 m in length are presented. Mineralized intervals do not represent true width. All samples were analyzed for graphitic carbon (Cg) at the ALS Minerals facilities in North Vancouver, B-C, using a LECO analyzer (ALS internal code C-IR18).
The core samples were generally 2 m in length and the core barrel was NQ size (47.6 mm). All the holes from sections W+0000 to W+1500 were more or less oriented N293° (perpendicular to the long axis of the zone), with a dip of 45°, while those from sections W+1700 to W+2200 were more or less oriented N313°, also with a dip of 45°.
To date, 49 core drill holes ranging in length from 36 m to 307 m were completed over the West Zone of the Tony claim block for a total of 8,169 m. The graphitic mineralization is mostly encased within paragneiss units. A second phase of definition drilling is scheduled to begin this fall on the West Zone. The objective is to upgrade the already identified mineral resource estimate by including the data gathered this summer to expand the resource and by transforming a large portion of the resource from the Inferred to the Indicated and/or Measured Category.
Quality Assurance – Quality Control
Bernard-Olivier Martel, P.Geo, supervised the 2016 drilling program. A strict protocol, including the insertion of duplicate and blank samples within the sample stream was adopted as part of a quality assurance and quality control (QA/QC) program. Graphite standards were also included within the borehole sampling protocol. Duplicate, blank and graphite standard sample results returned values within acceptable limits. Mr. Martel performed and supervised the preparation and sample submittal for the drilling program.
The mineralized drill core was split into quarters using a rock saw. The quarter core samples were then individually bagged and sent for analysis, and the remaining core was kept as a reference and for possible metallurgical testing. Samples were all analyzed for graphitic carbon (Cg) content by a LECO analyzer at the ALS Minerals laboratory in North Vancouver (B-C), Canada using their internal code; C-IR18. This laboratory is ISO 9001:2008 and ISO 17025 accredited.
The technical information in this news release was prepared by Bernard-Olivier Martel, drill program supervisor and reviewed by Antoine Cloutier, P. Geo and chief geologist for Nouveau Monde. Mr. Martel and Mr. Cloutier are both Qualified Persons under National Instrument 43-101.
- Published in Mining, News Home, Nouveau Monde Mining
Nouveau Monde (NOU:V) Publishes a Technical Report for the Preliminary Economic Assessment of the West Zone Graphite Deposit
Nouveau Monde Publishes a Technical Report for the Preliminary Economic Assessment of the West Zone Graphite Deposit-Tony Block-Matawinie Property, Quebec
– Momentum Public Relations –
Press Release: August 8, 2016
Nouveau Monde Mining Enterprises Inc. (“Nouveau Monde“) (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) is pleased to announce the publication of a technical report for the Preliminary Economic Assessment (PEA) performed for the Tony Claim Block, part of its Matawinie graphite Property. The report, completed in accordance with National Instrument (NI) 43-101 guidelines, details the PEA results announced in the press release dated June 22, 2016. The complete PEA report titled “Preliminary Economic Assessment Report for the Matawinie Graphite Project“, dated August 5, 2016, is available on SEDAR, as well as on the company’s website through this link:
http://nouveaumonde.ca/wp-content/uploads/PEA_NouveauMonde_Matawinie_Graphite_20160805.pdf
Furthermore, the Company wishes to announce that a first phase of exploration drilling for 2016 was completed last week on the West Zone of the Tony Claim Block. The goal of the work was to extend the mineralized zone to the north and to the south, its occurrence there being strongly suggested by airborne geophysical survey results. Twenty-five (25) holes were completed, resulting in 4217 m of drilling. Results will be used to plan a second phase of drilling which is scheduled to start in the fall and whose objective will be to upgrade the already identified mineral resources on the West Zone from the Inferred Category to the Indicated Category. In addition, Nouveau-Monde would like to announce that it has selected SNC-Lavalin, a leading engineering group, to carry out environmental baseline studies for the project. Field measurements and observations started last July and are scheduled to be completed during the summer of 2017.
MATAWINIE GRAPHITE PROJECT
The Tony Claim Block is located in the Saint-Michel-des-Saints area, some 120 km north of Montreal, Québec, Canada. The claim block, including the West Zone, is easily accessible using existing logging roads and is close to quality infrastructure such as paved roads and high-voltage power lines, both necessary for industrial activities. An abundance of skilled workforce is available in the community of Saint-Michel-des-Saint, as well as in surrounding communities, following the recent closing of multiple logging activities. Nouveau Monde is aggressively pursuing its Matawinie graphite project on all fronts including; metallurgical testing, site engineering, environmental and social impact studies, as well as value-added product development.
This news release was reviewed by Antoine Cloutier, P. Geo., chief geologist for Nouveau Monde and a Qualified Person under National Instrument 43-101 guidelines.
- Published in Mining, News Home, Nouveau Monde Mining
Nouveau Monde Announces Robust Preliminary Economic Assessment With Pre-Tax NPV of $403.7 Million
Nouveau Monde Announces Robust Preliminary Economic Assessment With Pre-Tax NPV of $403.7 Million and IRR of 31.2 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, Concerning its Tony Claim Block-Matawinie Graphite Property
– Momentum Public Relations – June 22nd, 2016
Nouveau Monde Mining Enterprises Inc. (“Nouveau Monde”) (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) covering the West Zone of the Tony Claim Block, part of its Matawinie Graphite Property. The PEA was prepared by Norda Stelo Inc. (formerly Roche Ltd., Consulting Group), an experienced and renowned engineering firm. All costs are in Canadian funds with the exception of the graphite sale price which is provided in US dollars.
Eric Desaulniers, President and Chief Executive Officer of Nouveau Monde, stated: “The completion of this first PEA is a significant milestone for Nouveau Monde and demonstrates that the Matawinie Project has the potential of becoming a reliable and long-term supplier of quality natural flake graphite.”
Mr. Desaulniers further stated that, “The rapid advancement of our Matawinie Project continues to be highly encouraging with a robust PEA being completed only four months after the release of our mineral resource estimate for the West Zone of the Tony Claim Block. On the back of this PEA, and the recent announcement of our successful metallurgical results, we are excited about promptly moving the project forward by completing a pre-feasibility study that continues to highlight the significant potential of our Matawinie Property.”
The following lists the highlights provided by the PEA:
Project Economics:
-- Pre-tax Net Present Value (NPV) of $403.7 million at an 8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} discount rate; -- After-tax NPV of $237.0 million at an 8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} discount rate; -- Pre-tax Internal Rate of Return (IRR) of 31.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}; -- After-tax IRR of 24.7{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}; -- Life of Mine (LOM) of 25.7 years; -- Mine Pay Back estimated at 2.9 years (Pre Tax); -- Mine Pay Back estimated at 3.5 years (After Tax); -- LOM Revenue of $2,430.9 million (Life of Mine revenue); -- LOM Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of $1,586.7 million; -- Initial Capital Costs (Capex) of $144.5 million (including contingency of $22.4 million); -- Operating Expenditures (Opex) of $32.95 million per year or $660 per tonne of concentrate; -- Average sales price of graphite concentrate at $1,492 USD per tonne; -- USD$/CAD conversion rate of 1.28.
Operational Highlights:
-- Annual average full production of 49,921 tonnes of graphite concentrate; -- 4.48{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg average grade LOM graphite content contained in the mineralization; -- Graphite milling recovery above 89.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}; -- Finished product/ concentrate purity greater than 97.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg; -- Stripping ratio (LOM) of 0.94:1.
Cautionary Note: The PEA completed for the Company is preliminary in nature and includes inferred mineral resources, considered too speculative in nature to be categorized as mineral reserves. Mineral resources that are not mineral reserves have not demonstrated economic viability. Additional trenching and/or drilling will be required to convert inferred mineral resources to indicated or measured mineral resources. There is no certainty that the resources development, production, and economic forecasts on which this PEA is based will be realized.
A technical report detailing the PEA, and completed in accordance with National Instrument (NI) 43-101 guidelines, will be filed and available on SEDAR within 45 days of this release.
MINERAL RESOURCES
The PEA is based on the mineral resource estimate, completed in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, released on February 23, 2016 by Nouveau Monde and detailed in a technical report, completed in accordance with National Instrument (NI) 43-101 guidelines, entitled: Resource Estimate Update, Tony Block, Matawinie Property, Lanaudiere Region, Quebec, dated March 30, 2016.
The in-pit resource located on the West Zone represents only a portion of the total mineral resources identified to date on the Tony Block. The latter include 48.6 million tonnes grading 3.97 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} graphitic carbon (Cg) of indicated resources and 34.7 million tonnes, grading 4.08 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg of inferred resources, using a cut-off grade of 2.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg, spread throughout three areas, the West, the South-East and the South-West Zones (see press release dated February 23, 2016). Both south zones were not included in this PEA since the West Zone showed resources in excess of 25 years, this being the limit imposed for a relevant financial analysis. Maps displaying significant exploration results obtained to date may be downloaded below:
– Property Map: http://nouveaumonde.ca/wp-content/uploads/PR_Tony_Block_20160622r.pdf
– Map of the West Zone: http://nouveaumonde.ca/wp-content/uploads/PR_West_Zone_20160622r.pdf
MINING
A PEA is a conceptual study of the potential viability of identified mineral resources. It includes inferred mineral resources that are considered too speculative in nature, and as such, cannot be categorized as mineral reserves. The purpose of this study is to inform the reader of the economic potential of the mineral property.
In the following text, graphite is expressed in graphitic carbon percentage (Cg {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}).
Mining Highlights
-- Only the West Zone of the Tony Claim Block has been considered in the PEA as it provided the best economics compared to the other mineralized zones; -- The in-pit resources represents only a portion of the total mineral resources identified on the Tony Block (see news release published February 23, 2016); -- The open pit optimisation, using GEOVIA's Whittle(TM) software, considers as viable a portion located 45 metres (m) deeper than the arbitrary limit of 435 m at sea level (ASL) used for the mineral resources estimate of the West Zone as reported on February 23, 2016; -- Mining is performed by open pit using a conventional truck and shovel operation; -- The mining production schedule is limited to one shift of 10 hours, 5 days a week so as to reduce environmental and social impact; -- Mining is to be executed under contract services under the supervision of Nouveau Monde; -- The mining operation is set at 75{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the milling capacity for the first year for ramp up; -- Mine life of 25.7 years, with a total in-pit undiluted resource of 16.0 Mt grading 4.38{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg and 14.8 Mt grading 4.88{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg of indicated and inferred resources respectively; -- After a 5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} dilution and a mining recovery of 95.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, the West Zone represents a potential life of mine (LOM) graphite content of 1.38 Mt; -- LOM undiluted head grade of 4.62{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg compared to the undiluted resources estimate of 4.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg reported on February 23, 2016, indicates that grade increases with depth; -- Pre-production is planned over a two year period in order to prepare the infrastructure which includes the mine site, mill and tailing facilities.
The geotechnical parameters presented in Table 1 were used for the West Zone pit optimization performed by GEOVIA’s Whittle(TM) software:
Table 1: West Zone open pit preliminary design parameters.
---------------------------------------------------------------------------- Item Value Unit ---------------------------------------------------------------------------- Bench Height (double benching) 10 m ---------------------------------------------------------------------------- Berm Width 6 m ---------------------------------------------------------------------------- Ramp and Haul Road Width 18 m ---------------------------------------------------------------------------- Bench Face Angle 85 degree ---------------------------------------------------------------------------- Inter-ramp Slope Angle 55 degree ---------------------------------------------------------------------------- Overall Slope Angle 50 degree ----------------------------------------------------------------------------
The study contemplates an average feed rate of 3,290 tonnes per day and a 25.7 year mine life at an average life of mine (LOM) waste to mineralized material strip ratio of 0.94:1. The mineable portion of the mineral resource was developed based on a marginal cut-off grade of 1.96{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg (low grade) and a breakeven cut-off grade of 2.28{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg (high grade) using the cost and revenue parameters presented in Table 2.
Table 2: Cost and revenue parameters used for cut-off grade determination
(The following parameters could differ from those used for the financial analysis)
---------------------------------------------------------------------------- Item Value Unit ---------------------------------------------------------------------------- Processing cost 14.67 C$/t milled ---------------------------------------------------------------------------- General & Administrative cost 4.21 C$/t milled ---------------------------------------------------------------------------- TMF maintenance cost 0.96 C$/t milled ---------------------------------------------------------------------------- Reference mining cost (Waste) 4.52 C$/t milled ---------------------------------------------------------------------------- Mining cost (Mineralized materials) 5.84 C$/t milled ---------------------------------------------------------------------------- Reclamation cost 1.20 C$/t milled ---------------------------------------------------------------------------- Selling price Cg 1,492 USD$/t of concentrate ---------------------------------------------------------------------------- Milling recovery 89.5 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ---------------------------------------------------------------------------- Finished product/concentrate purity 97.1 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg ---------------------------------------------------------------------------- Commodity payment 100 {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ----------------------------------------------------------------------------
A Net Smelter Return (NSR) royalty of 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} applies to the Tony Claim Block. Nouveau Monde can buy back this 2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} NSR royalty in a one-time payment of $2 million during the pre-production years. This royalty was therefore not applied on the cut-off grade calculation as it is assumed that it will be paid prior to the beginning of mine production.
Once a dilution of 5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and a mining recovery of 95.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} are applied on the in-pit resources (based on experience from similar operations), the mineralized material extracted over the course of the mine life totals 16 Mt grading 4.38{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg in the indicated category and 14.8 Mt grading 4.88{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg in the inferred category. The West Zone thus represents a potential LOM graphite content of 1.38 Mt. The in-pit mineable resources for the West Zone are summarized in Table 3 below:
Table 3: In-pit life-of-mine resources for the West Zone
---------------------------------------------------------------------------- Resources Estimate statement (Mt) In-Pit (February 23, Class Resources (Mt) Grade ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg) 2016) Grade ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg) ---------------------------------------------------------------------------- Indicated 16.0 4.38 22.3 4.25 ---------------------------------------------------------------------------- Inferred 14.8 4.88 15.5 4.59 ----------------------------------------------------------------------------
Compared to the resources estimate released on February 23, 2016, the in-pit LOM tonnage represents 72{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the indicated and the inferred resources, respectively. This difference can be attributed to the pit optimisation process which considers as viable a portion located 45 m deeper than the arbitrary limit of 435 m above sea level (ASL) used for the mineral resources estimate of the West Zone as reported on February 23, 2016. Moreover, the LOM undiluted head grade of 4.62{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg compared to the undiluted resources estimate of 4.39{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg seems to indicate that grade increases with depth below the 435 m level.
The mining infrastructures have been conceived with the purpose of integrating environmentally friendly aspects and promoting a low visual impact. The processing plant and waste piles will be located less than 1,000 metres from the mine so as to minimize the project’s carbon footprint, to ensure short cycle times and to lower production costs.
The main mining infrastructure considered in this PEA comprises:
-- 8.3 km of roads; -- Potential-Acid Generating (PAG) waste rock storage totalling 257,000 m(2)(in case potential acid-generating waste is confirmed through additional testing) ; -- Non-Acid Generating (NAG) waste rock storage covering 233,700 m(2); -- Storage area covering 221,000 m(2)for overburden and top soil; -- Storage area covering 30,000 m(2) for low- grade stockpile; -- Two sedimentation ponds; -- One office occupying an area of 9,600 m(2); -- Garage facilities.
A mine site plan conceived for the PEA may be downloaded below:
– Mine Site Plan: http://nouveaumonde.ca/wp-content/uploads/PR_Mine_Site_Plan_20160622.pdf
PROCESSING & RECOVERY
A proven metallurgical process performed on a composite sample from the West Zone, using flotation only, yielded a concentrate with a purity above 97.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg and a recovery rate over 89.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. Metallurgical testing supplied the parameters shown below:
-- Processing costs; -- $331.38/tonne of finished product -- $13.64/tonne of material processed -- Average annual processing rate of 1.21Mt; -- Average annual production of 49,921 tonnes of graphite concentrate; -- Average graphite recovery of 89.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}; -- Finished product purity: -- 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Global greater than 97.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg, or; -- 16.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce},+50mesh @ 97.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg; -- 29.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce},-50+80mesh @ 97.6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg; -- 11.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, -80+100mesh @ 97.4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg; -- 43.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}, -100mesh @ 96.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg.
The first step of the graphite recovery process for the Matawinie Project consists of crushing the mined material. This will be followed by multiple steps of grinding, attrition scrubbing and flotation, and subsequent filtration, drying and classification. The processing plant design is based on a flow sheet developed at SGS Minerals Services, located in Lakefield, Ontario (Canada), using proven technologies to create a very efficient beneficiation operation. With this process, it is possible to obtain remarkably high graphite quality while obtaining good recoveries. This is especially true for the West Zone mineralization which is the subject of the current PEA.
Although the lock-cycle tests have not yet been performed and the optimization of the various circuits will be part of the next studies only, the results achieved for this PEA are very promising and demonstrate the robustness of the flow sheet. See the Company’s press release dated May 9, 2016 for further details on the Matawinie project metallurgical results.
GRAPHITE SALES PRICE ASSUMPTION
The graphite concentrate sales price used for the PEA was established at 1492$US/tonne. The selling price was determined using pricing information, averaged during a period of 60 months (from June 2011 to May 2016), obtained from Benchmark Mineral Intelligence (Benchmark) (www.benchmarkminerals.com). Benchmark is an independent credible source which compiles international graphite prices for various commercial size fractions and concentrate purities. The West Zone graphite concentrate value was calculated based on the weighted average of each size fraction and purities obtained during the metallurgical testing described in the section above. Table 4 presents graphite concentrate values in USD$ for various size fractions.
Table 4. Price per size fraction using a 60 month average value obtained through Benchmark Minerals Intelligence.
---------------------------------------------------------------------------- 60 month Average Price Size Fraction Purity (Cg) ($USD/t) Weight ---------------------------------------------------------------------------- +50 mesh 96-97{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} $2,308 16.10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ---------------------------------------------------------------------------- +80 mesh 96-97{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} $1,526 29.80{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ---------------------------------------------------------------------------- +100 mesh 96-97{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} $1,358 11.10{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ---------------------------------------------------------------------------- -100 mesh 96-97{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} $1,198 43.00{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} ---------------------------------------------------------------------------- Weighted Average Price: $1492 USD
DESCRIPTION OF ECONOMIC EVALUATION
According to the PEA, the Tony Claim Block has demonstrated potential economic viability in regards to an open pit graphite mine over the West mineralized Zone.
The capital cost estimate, summarized below, covers the development of the mine, ore processing facilities, and infrastructure required for Nouveau Monde’s project. It is based on the application of standard costing methods of achieving a PEA which provides an accuracy of +/-35{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. The operating cost covers mining, transportation, processing, tailings and water management, general and administration fees, as well as infrastructure and services.
CAPITAL & OPERATING COSTS
The capital intensity and cash operating costs are summarized below:
Capital Cost Breakdown (CAD) Mining $15,632,000 Plant $60,130,000 Tailings and water management $13,159,000 Infrastructure and Services $9,343,000 Total direct costs $98,264,000 Indirect costs $18,155,000 Owner's costs $5,644,000 Contingency (direct & indirect costs) $22,389,000 Total Initial Capex $144,452,000 Sustaining capital (including contingency) $14,422,000 Mine closure and rehabilitation (including contingency) $11,789,000 Total Sustaining & Mine Closure $26,211,000 Mine development costs Included in Capex (Mining) Cash Operating Cost Breakdown (per tonne of finished product) (CAD$) Mining $241/tonne Process, Tailings & Water $331/tonne General & Administration $88/tonne Total $660/tonne
PROJECT LOCATION & INFRASTRUCTURE
The Tony Claim Block is located in the Saint-Michel-des-Saints area, some 120 km north of Montreal, Quebec, Canada. The claim block, including the West Zone, is easily accessible using existing logging roads and is close to quality infrastructure such as paved roads and high voltage power lines, both necessary for industrial activities. An abundance of skilled workforce is available in the community of Saint-Michel-des-Saint as well as in surrounding communities, following the recent closing of multiple logging activities.
QUALITY CONTROL & ASSURANCE
The technical information derived from the Preliminary Economic Assessment present in this news release was prepared by Pierre H. Terreault, P.Eng. MPM, of Norda Stelo Inc., an independent Qualified Person as defined by National Instrument 43-101. The press release was reviewed by Eric Desaulniers, M.Sc., P.Geo., President and CEO of Nouveau Monde, a Qualified Person under National Instrument 43-101 guidelines.
- Published in Mining, News Home, Nouveau Monde Mining
Nouveau Monde (NOU:TSX-V) Updates and Invites Shareholders to Press Conference
Nouveau Monde (NOU:TSX-V) Updates and Invites Shareholders to Press Conference
– Momentum Public Relations – June 20th, 2016
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- Published in Blog, Mining, News Home, Nouveau Monde Mining
Nouveau Monde Announces Closing of Oversubscribed Private Placements for Total Proceed of $ 2,301,060
Nouveau Monde Announces Closing of Oversubscribed Private Placements for Total Proceed of $2,301,060
– Momentum Public Relations –
Press Release: June 16, 2016
Nouveau Monde Mining Enterprises Inc. (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) announces the closing of a non-brokered private placements, of a total of 5,312,000 units, at a price of $ 0.25 per Unit, for an aggregate proceeds of $ 1,328,000 and the second one of a total of 3,243,532 common shares issued as flow-through shares, at a price of $ 0.30 per Flow-Through Share, for an aggregate proceeds of $ 973,060. The total proceeds raised in the financing is 2,301,060 $.
Each unit is comprised of one common share of the Corporation and one-half of one common share purchase warrant. Each whole common share purchase warrant shall entitle the holder thereof to subscribe for one common share of the capital stock of the Corporation, at a price of $ 0.35 per common share, for a period of 12 months following the closing.
The proceeds of the offering will be used by Nouveau Monde for its working capital, initiate the work program leading to the feasibility study and to incur exploration expenses on the Matawinie property. Registered Exempt Market and Broker Dealers in Canada received cash payments of $ 39,250 and 62,400 broker warrants to purchase up to 62,400 common shares in the capital stock of the Corporation, at a price of $ 0.25 per common share, within a delay of 12 months after the closing and 78,832 broker warrants to purchase up to 78,832 common shares in the capital stock of the Corporation, at a price of $ 0.30 per common share, within a delay of 12 months after the closing. All securities issued under the financing are subject to a restricted period of four months and a day, ending on October 16, 2016 under applicable Canadian securities legislation. As a result of the financing, the Corporation will have 65,131,441 common shares issued and outstanding.
The Corporation expects to be able to file shortly all required documentation to satisfy the conditional acceptance of the TSX Venture Exchange pursuant to the Units Offering.
The securities issued under the first tranche of the Units Offering have not been registered under the United States Securities Act of 1933 (the “Act”) or any state securities laws and may not be offered or sold absent registration under the Act and applicable state securities laws or an applicable exemption from the registration requirements thereof. This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or an exemption there from.
Grant of options
The Corporation announces the grant of a total of 275,000 options to consultants. Each option shall entitle its holder thereof to subscribe for one common share of the Corporation, at a price of $0.30 per common share, for a period of five years from the date of grant. These options will vest one quarter at issuance and by period of three months until March 16th 2017. These options were granted in accordance with the terms of the current stock option plan of the Corporation.
Invitation to a Press Conference
Nouveau Monde is pleased to invite all media representatives and investors to a press conference to release the results of the NI43-101 Preliminary Economic Assessment on the Tony block of the Matawinie project. The press conference will be held on Wednesday June 22nd 2016 at 10h30am at:
Maison du Développement Durable |
Salle du Parc |
50, rue Sainte-Catherine Ouest |
Montréal, QC, H2X 3V4 |
Learn more by clicking here: www.nouveaumonde.ca
- Published in Mining, News Home, Nouveau Monde Mining
Nouveau Monde Announces a Private Placement of Units and Flow-Through Shares
Nouveau Monde Announces a Private Placement of Units and Flow-Through Shares
– Momentum Public Relations –
Press Release: June 2, 2016
Nouveau Monde Mining Enterprises Inc. (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) announces two non-brokered private placements for a maximum of $1,500,000 (the “Offering”) by a combination of units (the “Units”) at a price of $0.25 per Unit and flow-through shares at a price of $0.30 per flow-through share. The Corporation intends to complete the Offering on or before June 15, 2016 (the “Closing”).
Each unit is comprised of one common share of the Corporation (the “Common Share”) and one-half of one common share purchase warrant (the “Warrant”). Each Warrant shall entitle the holder thereof to subscribe for one Common Share of the capital stock of the Corporation, at a price of $0.35 per Common Share, for a period of 12 months following the Closing. The Common Shares, the flow-through shares and the Warrants are subject to a hold period of 4 months and a day from Closing under Canadian Securities legislation.
The proceeds of the Offering will be used by Nouveau Monde for its working capital and to incur exploration expenses on the Matawinie property.
The Offering is subject to the receipt of all necessary regulatory approvals. The Corporation may pay, at Closing, fees to dealers duly registered in accordance with applicable securities legislation a cash commission up to 6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the gross proceeds of the Offering and a number of non transferable compensation options of the Corporation up to 6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the aggregate number of Common Shares comprised in the Units and the flow-through shares sold pursuant to the Offering.
The securities issued under the first tranche of the Units Offering have not been registered under the United States Securities Act of 1933 (the “Act”) or any state securities laws and may not be offered or sold absent registration under the Act and applicable state securities laws or an applicable exemption from the registration requirements thereof. This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or an exemption there from.
About Nouveau Monde
Nouveau Monde is a mining exploration company holding a large portfolio of base and precious metals and industrial minerals in the province of Québec. Our business model is based on the generation of projects in new underexplored territories using the most advanced remote sensing and geophysical tools available in the industry. The company is now focusing on the development of its first major discovery on the Matawinie graphite project.
Learn more by clicking here: www.nouveaumonde.ca
- Published in Mining, News Home, Nouveau Monde Mining
Nouveau-Monde Announces an Overall Purity of 98.2 C(t) After Flotation
Nouveau-Monde Announces an Overall Purity of 98.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} C(t) After Flotation on a Master Composite Representative of the West Mineralized Zone of the Tony Block–Matawinie Graphite Property
– Momentum Public Relations – May 9th, 2016
Nouveau Monde Mining Enterprises Inc. (“Nouveau Monde“) (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) is pleased to announce significant metallurgical results averaging 98.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} C(t) for all flake sizes and reaching as high as 99.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} C(t) for the jumbo flakes of +48 mesh. These metallurgical results are from the flowsheet development program that is currently being carried out at SGS Lakefield. The metallurgical work presented here was conducted on a master composite from the West Zone of the Tony Claim Block. This claim block is a key part of our Matawinie Graphite Property, located in the Saint-Michel-des-Saints area, approximately 130 km north of Montreal, Québec, Canada.
Eric Desaulniers, Geo, President & CEO of Nouveau Monde stated: “These results are based on very robust metallurgical testing methods developed by one of the most experienced metallurgical teams in graphite project development in North America. The key takeaway for us is that industry experts commonly agree that obtaining these exceptionally high purities on all flake sizes, from a simple low cost process, is one of the most important factors for a successful graphite project. As such, these results places Nouveau-Monde in the enviable position of being able to develop products suitable for multiple markets across the entire graphite sector, including the growing li-ion battery market.”
METHODOLOGY
The West Zone master composite was generated by combining a total of 364 individual drill core sub-samples. The samples form a composite that provides a representative spatial and grade distribution aimed at characterizing the metallurgical response of the West Zone ore. Sample locations are illustrated on a property map that can be downloaded using the following link: http://nouveaumonde.ca/wp-content/uploads/West_Zone_Metallurgy_20160504.pdf.
The objective of the metallurgical program was to develop a process that is suitable to upgrade the Tony Block mineralization into a high-grade graphite flotation concentrate, while minimizing flake degradation. The investigated mineral processing technologies included typical crushing, grinding and flotation processes employed in the industry. No thermal or chemical purification was attempted on the final flotation concentrate.
RESULTS
The proposed process for the Tony Block mineralization consists of a rougher and scavenger flotation, followed by polishing grinding and primary cleaning. After a classification stage, the intermediate concentrate is subjected to attrition scrubbing followed by secondary cleaning.
The table below (Table 1) summarizes the metallurgical test results for the West Zone master composite. The combined flotation concentrate yielded an excellent grade of 98.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} total carbon. The highest grade for an individual size fraction, 99.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} total carbon, was obtained for the +48 mesh products (jumbo size category) which makes up 13.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the graphite concentrate mass. With an additional 31.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the concentrate mass reporting to the -48/+80 mesh size fraction, the recovery for the large and jumbo flake sizes thus proved to total 45.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. Meanwhile, the mass recovery for the medium-size category (-80/+150 mesh) is also high at 34.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. Finally, only 20.8{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the mass reported to the fines (-150 mesh). The combined concentrate grade of the medium and large flake categories (greater than 150 mesh) was 98.5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} total carbon.
Table 1. Concentrate Flake Size Mass Distribution ({92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) and Total Carbon Grade (Ct {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}) | |||
Size Fraction | Weight | Assays, {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | {92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Distr. |
{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} | C(t) | C(t) | |
+48 mesh | 13.3 | 99.1 | 13.4 |
+65 mesh | 20.0 | 98.6 | 20.0 |
+80 mesh | 11.9 | 98.4 | 11.9 |
+100 mesh | 14.4 | 98.6 | 14.5 |
+150 mesh | 19.7 | 98.1 | 19.7 |
+200 mesh | 9.5 | 97.4 | 9.4 |
+325 mesh | 6.8 | 97.3 | 6.7 |
+400 mesh | 2.0 | 95.8 | 1.9 |
-400 mesh | 2.6 | 93.6 | 2.4 |
Total Concentrate | 100.0 | 98.2 | 100.0 |
* All total carbon measured by LECO SC632
The total carbon recovery for the final flotation concentrate was 84.3{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce}. This number is considered conservative due to the fact that the test was carried out as an open circuit batch test. A total of 11{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the carbon units in the feed reported to the intermediate tailings in this test.
The process optimization program thus improved on the combined concentrate grades obtained in 2015 scoping level studies which had produced graphite concentrates grading between 93.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} total carbon and 97.1{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} total carbon.
The results outlined above confirm the coarse flake size distribution and high purity of the graphite concentrates generated by the 2015 scoping level flotation tests. While the samples employed in the scoping level tests consisted of trench or drill core material from specific areas of the Tony Block target, the West Zone master composite was selected to be as representative as possible of the West Zone, including samples from all available drill holes.
FUTURE METALLURGICAL WORK
Variability flotation tests are presently being conducted on six composites from the West and South Zones. A master composite combining samples from both South zones (SW and SE) will also be processed in the near future.
The technical information in this news release was prepared by Eric Desaulniers, Geo, MSc, president and CEO of Nouveau-Monde and reviewed by Oliver Peters, MSc, P.Eng, MBA, Consulting Metallurgist for SGS and Principal Metallurgist of Metpro Management Inc. Both are qualified persons under National Instrument 43-101.
- Published in Mining, News Home, Nouveau Monde Mining
Nouveau Monde Receives Grant From NSERC Regarding Potential Graphene Production From its Natural Flake Graphite Project
Nouveau Monde Receives Grant From NSERC Regarding Potential Graphene Production From its Natural Flake Graphite Project
– Momentum Public Relations –
Press Release: April 20, 2016
Nouveau Monde Mining Enterprises Inc. (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) is pleased to announce that it has received a grant from the Natural Science and Engineering Research Council of Canada (NSERC), to help fund one of its ongoing research and development projects. The $25,000 grant, approved under NSERC’s ENGAGE program, was awarded last week to Dr. Mohamed Siaj, Professor at the Department of Chemistry at the Université du Québec à Montréal (UQAM) and Director of the NanoQAM Research Centre. Dr. Siaj, in partnership with Nouveau Monde, is spearheading the project titled: Development of a Chemical Process for Low-Value Graphite Ore Transformation to Value-Added Graphene-Based Electroactive Materials.
Nouveau Monde has been working with Dr. Siaj since 2014 with the goal of creating value-added products relating to natural flake graphite ore. As part of this collaboration, Nouveau Monde will be entitled to the Intellectual Property which could be developed during the course of the project.
Eric Desaulniers, President and CEO of Nouveau Monde, stated: “We are proud to be recognized by NSERC in this way. Our high purity flake Matawinie graphite project is continuing to demonstrate strong characteristics amenable to generating high-value-added products, particularly in the lithium ion battery market. This recent grant helps to identify additional long-term opportunities for Nouveau Monde in regard to potentially generating more value-added products that can be used in the developing graphene market.”
About Prof. Mohamed Siaj
Prof Mohamed Siaj received his Ph.D. in Chemistry at Laval University under the supervision of Peter McBreen, a world leader in Surface Science. Following postdoctoral training at the Colin Nuckolls group at Columbia University, New York, a leading institution in graphene research, Siaj joined the Department of Chemistry at UQAM as an Assistant Professor in 2008, and now holds the rank of Associate Professor. Prof. Siaj has extensive experience in different areas of surface science and nanomaterials-based graphene from a chemistry perspective. Siaj’s group activities focus on the growth, synthesis, processing and characterization of advanced nanostructured electroactive materials and their integration into carbon electrodes for chemical and biosensors applications.
Learn more by clicking here: www.nouveaumonde.ca
- Published in Mining, News Home, Nouveau Monde Mining
Nouveau Monde Announces the Publication of an Updated Technical Report for its Tony Block Graphite Deposits
Nouveau Monde Announces the Publication of an Updated Technical Report for its Tony Block Graphite Deposits
– Momentum Public Relations –
Press Release: April 12, 2016
Nouveau Monde Mining Enterprises Inc. (TSX VENTURE:NOU)(OTC PINK:NMGRF)(FRANKFURT:NM9) is pleased to announce the publication of an updated report regarding the Mineral Resource Estimate of the Tony Block which forms part of its Matawinie graphite Property. The report, completed in accordance with National Instrument (NI) 43-101 guidelines, details the Estimate announced in the press release dated February 23, 2016, namely a total of 48.6 Mt at a grade of 3.97{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg in the Indicated category and 34.7 Mt at a grade of 4.08{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} Cg. This updated report is available on the company’s websitehttp://nouveaumonde.ca/matawinie-technical-results/
Furthermore, Nouveau-Monde wishes to announce that it has selected Norda Stelo Inc. (formerly Roche Ltd., Consulting Group), a renowned consulting engineering firm, to produce a Preliminary Economic Assessment (PEA) for the Tony Block deposits. The work is currently underway and is scheduled to be completed around the end of the second quarter of 2016.
MATAWINIE GRAPHITE PROJECT
The Matawinie project is located in the Saint-Michel-des-Saints area, some 130 km north of Montreal, Québec, Canada; community where skilled labour force is abundant. The deposits forming the resource estimate described above are easily accessible by road, and close to all quality infrastructure necessary for industrial activities. Additionally, preliminary scoping level metallurgical results presented in the updated Technical Report dated March 30, 2016, suggest average concentrate grades of greater than 95{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} total carbon are achievable on a routine basis using only a simple cleaning circuit on all tested areas to date. Furthermore, the processing of a 12 tonne bulk sample in an un-optimized circuit, followed by upgrading in an attrition scrubber, produced a concentrate yielding 97.4{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} total carbon in average.
Learn more by clicking here: www.nouveaumonde.ca
- Published in Mining, News Home, Nouveau Monde Mining