Developing One of the Best Graphite Deposits in the World
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SRG Mining
1 February, 2023
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Stock Code:
TSXV: SRG
Company Exposure:
Graphite
Project Locations:
Guinea
SRG is a Canadian-based mining company, backed by the C$1.4B La Mancha Fund, focused on developing the Lola Graphite Project located in the Republic of Guinea, West Africa. The Lola Graphite Project has Probable Reserves of 42Mt at a grade of 4.2% Cg. SRG aims to develop a fully integrated source of battery anode material to supply the European lithium-ion and fuel cell markets.
Investment Highlights
SRG is Well Positioned to Become a Mine-to-Market Producer of AAM (Active Anode Material)
GRAPHITE
- Graphite has significant and well-established traditional usage (refractory bricks, lubricants, etc.)
- Active Anode Material is a growth market as essential input for Lithium-Ion Batteries
- Offtakers seeking diversity of supply as China dominates current supply chain
TEAM
- Strong track record of de-risking, engineering, financing, and construction of African mining projects
- La Mancha cornerstone investment validates new development strategy
- Debt and equity financing discussions underway with various strategic and financial partners
- Strong in-country support from Guinean authorities and local communities
NEW STRATEGY
- New management team has revisited development and financing strategy
- Increased capital efficiency by doubling proposed mine production to 100Ktpa graphite concentrate
- Integrated business model to create of a mine-to-market producer of anode material
LOLA PROJECT
- Long-life, world-class project with low operating costs, low capital intensity and small environmental footprint
- Feasibility Study completed in 2019, Updated FS and FEED contract negotiations underway
- Fast track a Preliminary Economic Assessment of conversion facility in US / UK / Europe
