|11/30/2015 by mdc|
|Alabama Graphite Corp. announced the results of a positive Preliminary Economic Assessment (PEA) for its 100%-owned flagship Coosa Graphite Project located in east-central Alabama, U.S. The PEA technical report was prepared pursuant to Canadian Securities Administrators National Instrument 43-101 (NI 43-101) by the independent engineering firm AGP Mining Consultants Inc. (AGP) of Barrie, Ontario, in conjunction with Metal Mining Consultants Inc. of Highlands Ranch, Colorado. |
Co-authors of the PEA and authors of the Coosa Graphite Project updated Mineral Resource Estimate technical report, and demonstrates that the Coosa Graphite Project has strong economics and excellent potential to become a near-term producer of high-value, ultra-high-purity specialty graphite products for the burgeoning American green-energy markets. The technical report concluded that the PEA is positive and recommends the Coosa Graphite Project be advanced to the feasibility stage of development. Additionally, AGC announces it has filed the accompanying NI 43-101 technical report dated November 27, 2015.
I2MWP - This is an important U.S. project.