reports
- Colin Smith
NextSource Materials | Molo update - upgrade completed
NextSource has announced the completion of the planned screening equipment upgrades at the company's Molo graphite mine in Madagascar. The equipment in the screening circuit has been successfully upgraded and the company has also taken the opportunity to install additional process plant upgrades while undertaking the work on the screening circuit. The Molo mine is now meeting or exceeding recovery and grade expectations for its SuperFlake® graphite concentrate with on-spec material being transpo...
- Colin Smith
NextSource Materials | Proposed Saudi Arabian battery anode facility
NextSource has published an important update on its global active anode material strategy which follows hard on the heels of the proposed IFC debt funding for the expansion of the company's Molo graphite mine to 150kt pa. NextSource has released the results of a study on a potential 20kt pa Battery Anode Facility to be built in Saudi Arabia with contemplated expansion to 100kt pa. The initial plant could have an unlevered post-tax net present value of US$677m, using an 8% discount rate, generat...
- Colin Smith
NextSource Materials - Conditional $91m IFC funding for Molo expansion
NextSource has signed a Mandate Letter with the International Finance Corporation (IFC) for a senior debt facility totalling US$91m. This facility should fund approximately 50% of the cost of the expansion of the Molo graphite mine in Madagascar to an annual capacity of 150kt pa of SuperFlake® graphite concentrate from the current 17kt pa of Phase 1. This funding is in line with our expectations as published in our recent initiation. We expect public confirmation of support from the IFC will pr...
- Colin Smith
NextSource Materials - Initiation
NextSource is uniquely positioned to build a leading vertically integrated position, ex China, in the supply of Lithium-ion battery anode material which is essential for the Energy Transition. The company is commissioning phase 1 of its world-class Molo graphite mine in Madagascar and is in the final permitting process for its first Battery Anode Facility (BAF) to be located in Mauritius. The company is backed by Vision Blue, established by Sir Mick Davis, former CEO of Xstrata. On our calculat...
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