- Focus Graphite (TSXV:FMS) released an updated resource estimate for its Lac Tetepisca project in Quebec, elevating it into one of the largest graphite deposits in the world, hosting 120,163 kt indicated at 10.27 per cent Cg and 24,143 kt inferred at 9.88 per cent Cg.
- Lac Tetepisca complements the company’s flagship Lac Knife project, which hosts one of North America’s most advanced and high-purity graphite deposits.
- Focus Graphite stock last traded at C$0.36 and has added 356.25 per cent year-over-year.
Focus Graphite (TSXV:FMS) released an updated resource estimate for its Lac Tetepisca project in Quebec, elevating it into one of the largest graphite deposits in the world, hosting 120,163 kt indicated at 10.27 per cent Cg and 24,143 kt inferred at 9.88 per cent Cg.
The estimate, prepared by IOS Geosciences, is based on 150 drillholes between 2014 and 2022 spanning 26,095 metres on the Manicouagan-Ouest Graphitic Corridor (MOGC) and South-West MOGC graphite prospect, and uses a conservative 3.5 per cent Cg cut-off grade and a US$1,200 per ton average selling price for graphite concentrate.
Preliminary metallurgical testing of a 10 kg sample achieved 94.7 per cent total carbon for all flake above 200 mesh, including 97.7 per cent total carbon for +80 mesh flake, the quality required by the lithium-ion battery market.
Leadership sees significant deposit expansion potential on the property through step-out and infill drilling, particularly to the southwest, at greater depths, as well as through drill testing additional geophysical anomalies.
Focus Graphite’s flagship Lac Knife project hosts one of North America’s most advanced and high-purity graphite deposits, boasting a nearly finalized environmental assessment study and a feasibility study detailing a 27-year mine life.
Leadership commentary
“This updated mineral resource at Lac Tetepisca represents a transformative milestone for Focus Graphite,” Dean Hanisch, Chief Executive Officer of Focus Graphite, said in Thursday’s news release. “To be a credible and serious alternative source of supply to China, particularly in building a secure domestic North American supply chain, projects must demonstrate scale, size and grade. Lac Tetepisca delivers on all three. While operating costs in Canada are inherently higher than in China, grade is the key equalizer, and the grade and scale we are demonstrating here are critical differentiators. Graphite is an industrial mineral, and qualifying a new supply requires significant time and effort to fully characterize the material, making switching unattractive. This is why deposits of this scale are generational, and we believe Lac Tetepisca’s size and grade justify that transition while reinforcing our position as a long-term North American supplier.”
“Supply chains are being redefined by control and reliability. With Lac Knife and Lac Tetepisca, we are building a domestic platform capable of delivering high-grade graphite at scale, aligned with North American and allied energy and defense priorities,” added Jason Latkowcer, Vice President of Corporate Development.
About Focus Graphite Advanced Materials
Focus Graphite is advancing two 100-per-cent-owned graphite projects and associated battery technology, including patent-pending silicon-enhanced spheroidized graphite to enhance battery performance and efficiency.
Focus Graphite stock (TSXV:FMS) last traded at C$0.36 and has added 356.25 per cent year-over-year.
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