Update from Vohitsara project partner Cougar Metals NL
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Posted On: 02/07/2017 9:41:41 AM
Update from Vohitsara project partner Cougar Metals NL
From: http://www.cgm.com.au/admin/arquivos/files/CG...Feb-17.pdf
Quote:
The Company is currently commencing a Scoping Study on the Toamasina Graphite project in Madagascar which the Company believes to have significant potential to deliver an early cash flow to the Company, through the development of a low cost/high quality graphite project.
From: http://www.cgm.com.au/admin/arquivos/files/CG...Feb-17.pdf
Quote:
EXPECTED NEWS FLOW
• March 2017
- Arrival of CGM drilling rig at site
- Commencement of aircore drilling on Prospect
- Sampling for further metallurgical test work
• April 2017
- Drilling Results providing
(i) Definition of resource target
(ii) Further information on flake size distribution, graphite quality and upgradability
• April 2017
- Commencement of Resource drilling and scoping study
• May 2017
- Resource statement
• June/July 2017
– Finalisation of PEA
PRODUCTION TARGETED FOR JUNE 2018
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