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Ontario East Mine could open in early 2014

Ontario East

If all goes according to plan, construction of the Bissett Creek graphite mine in Northern Renfrew County could get underway before the end of the year.

Northern Graphite Corporation has announced that the bankable feasibility study (“FS”) for its 100% owned Bissett Creek graphite deposit has been filed on SEDAR and is available on the company’s website at http://www.northerngraphite.com/..

The mine site is located near the Trans Canada Highway about 100 kilometers west of Pembroke in the County of Renfrew. “It is a large flake, high purity, scalable deposit that is located close to infrastructure and has very competitive operating costs,” says Northern Graphite CEO Gregory Bowes.

The proposed development of the Bissett Creek graphite deposit includes the construction of an open pit mine and a 2,500tpd processing plant. The processing plant will consist of conventional crushing, grinding and flotation circuits followed by concentrate drying and screening and is based on proven methods and equipment that are widely used in the mineral industry. The company plans to build a natural gas pipeline to the site from the main Trans Canada line, approximately 15 kilometers away, to fuel five 1.0 MW-generators that will produce electrical power.

“With the recent explosion of graphite development around the world, driven by the need to supply lithium batteries and fuel cells, Renfrew County is positioned perfectly as it benefits from some appropriate former mine sites of the mineral,” says Renfrew County Business Development Officer Craig Kelley. “Currently, with developments underway in Bissett Creek and near Calabogie, we can look to our natural resources sector to supply the world’s future technology needs while creating much needed jobs at either end of our rural region.”

Environmental and mine permitting for the Bissett Creek site are expected to be completed by the end of the year, and subject to financing construction would then get under way. Construction will take approximately one year to complete.

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