SRG Graphite Inc. (SRG:TSX.V) announced that fieldwork is "either well underway or completed ahead of schedule or on time" for the feasibility study on its Lola graphite project in Guinea, West Africa. As such, the management team believes the target date for completion of the study will be met.
"Our local team and our technical partners are dedicated and hardworking, which is yielding results. It's exciting to finally move toward civil geotechnical and mine design studies," said Raphaël Beaudoin, SRG's vice president of operations, metallurgy and process design, in the news release.
Specifically, the mine and civil geotechnical fieldwork is done, preliminary results from which should be available by year-end 2018. The mine geotechnical study, being conducted by Mine Design Engineering, will assess soil composition at the deposit, which is critical to design of the open-pit mine. The civil geotechnical study, piloted by Sahara Natural Resources (SNR) and DRA, will help determine the location for the plant.
Hydrogeology fieldwork, also being done by SNR and DRA, is in progress with four of the six projected wells already dug. The groundwater results will be important to the environmental impact study and the mine design.
Also advancing is Epoch Resources' study concerning tailings, from which results are expected by the end of 2018. The firm is now evaluating which of the nine potential sites it pinpointed is ideal for the tailings storage facility. Then it will define the best method of managing the tailings.
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