SRG:CC - SRG Files a New NI 43-101 Technical Report for Lola Graphite Project
(TheNewswire)
Montreal, QC - TheNewswire - April 12, 2023- SRG Mining Inc. (TSXV:SRG) (“ SRG ” or the “ Company ” ) announced today that the company hasfiled a new National Instrument 43-101 (“ NI 43-101 ”)technical report covering the Lola Graphite Project UpdatedFeasibility Study (“ UFS ”) for the Tier One Lola Graphite Projectin the Republic of Guinea. The Lola Graphite Project UFS evaluates anannual production capacity of 94,000 tonnes of graphite flakes inconcentrate per annum (“ ktpa ”) over a 17-year life of mine.
The Lola Graphite Project UFS was independentlyprepared by DRA Global Limited (“ DRA ”) of Montreal,Canada and Marc- Antoine Audet of Montreal, Canada. The QualifiedPersons responsible for preparing the Lola Graphite Project UFS, onwhich the technical report was based, are Marc-Antoine Audet, GhislainPrevost (DRA), Volodymyr Liskovych (DRA), Alex Duggan (DRA), SchadracIbrango (DRA) and Elie Accad (DRA).
The technical report titled “Lola Graphite ProjectUpdated Feasibility Study” has been filed on the SEDAR website atwww.sedar.com and on the SRG’s website at www.srgmining.com.
About DRA Global
DRA Global Limited (ASX: DRA | JSE: DRA) is adiversified global engineering, project delivery and operationsmanagement group, headquartered in Perth, Australia. It has more than4,500 professionals and a proven track record in undertakingindependent assessments of Mineral Resources and Mineral Reserves,project evaluations and audits, technical reports and independentevaluations on behalf of exploration and mining companies, andfinancial institutions worldwide
About SRG Mining
SRG Mining is a Canadian-based mining company focusedon developing the Lola Graphite Project located in the Republic ofGuinea, West Africa. The Lola Graphite Project has Proven and Probable Reserves of 41Mt at a grade of 4.14%Cg . SRG aims to develop a fully integratedsource of battery anode material to supply the European lithium-ionand fuel cell markets. With attractive operating costs, proximity toEuropean end-markets and strong ESG credentials, the Company is poisedto become a reliable supplier while promoting sustainability andsupply chain transparency. SRG is committed togenerating sustainable, long-term benefits that are shared with thehost countries and communities where it operates.
For additional information, please visit SRG’swebsite at www.srgmining.com .
Contact :
Matthieu Bos Matt Johnston
President & CEO CorporateDevelopment Advisor
Email: m.bos@srgmining.com Email: m.johnston@srgmining.com
Neither the TSXV nor its RegulationServices Provider (as that term is defined in the policies of theTSXV) accepts responsibility for the adequacy or accuracy of thisrelease.
This press releasecontains "forward-looking information" within the meaning ofCanadian securities legislation. All information contained herein thatis not clearly historical in nature may constitute forward-lookinginformation. Generally, such forward-looking information can beidentified by the use of forward-looking terminology such as“aims”, “become”, “evaluates”, or variations of such wordsand phrases or state that certain actions, events or results"may", "could", "would" or"might". Forward-looking information is subject to known andunknown risks, uncertainties and other factors that may cause theactual results, level of activity, performance or achievements of theCompany to be materially different from those expressed or implied bysuch forward-looking information, including but not limited to: (i)volatile stock price; (ii) the general global markets and economicconditions; (iii) the possibility of write-downs and impairments; (iv)the risk associated with exploration, development and operations ofmineral deposits and mine plans for the Company’s mining operations;(v) the risk associated with establishing title to mineral propertiesand assets including permitting, development, operations andproduction from the Company’s operations being consistent withexpectations and projections; (vi) fluctuations in commodity prices,finding offtake takers and potential clients or enforcing suchagreements against same, (vii) prices for diesel, process reagents,fuel oil, electricity and other key supplies being approximatelyconsistent with current levels; (viii) production and cost of salesforecasts meeting expectations; (ix) the accuracy of the mineralreserve and mineral resource estimates of the Company; (x) labour andmaterials costs increasing on a basis consistent with the Company'scurrent expectations; (xi) there being no significant disruptionsaffecting the operations of the Company whether due to COVID-19restrictions, the war in Ukraine, artisanal miners, access to water,extreme weather events and other or related natural disasters, labourdisruptions, supply disruptions, power disruptions, damage toequipment or otherwise; and (xi) asset impairment (or reversal)potential, being consistent with the Company's current expectations.and other risks and factors described or referred to in the sectionentitled "Risk Factors" in the MD&A of the Company andwhich is available at www.sedar.com, all of which should be reviewedin conjunction with the information found in this news release.
Although the Company has attempted to identifyimportant factors that could cause actual results to differ materiallyfrom those contained in the forward-looking information, there may beother factors that cause results not to be as anticipated, estimatedor intended. There can be no assurance that such forward-lookinginformation will prove to be accurate, as actual results and futureevents could differ materially from those anticipated in suchforward-looking information. Such forward-looking information has beenprovided for the purpose of assisting investors in understanding theCompany's business, operations and exploration plans and may not beappropriate for other purposes. Accordingly, readers should not placeundue reliance on forward-looking information. Forward-lookinginformation is given as of the date of this press release, and theCompany does not undertake to update such forward-looking informationexcept in accordance with applicable securities laws.
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