Canadian miner releases positive results on La Loutre graphite project

Photo: Lomiko

Canada’s Lomiko Metals has published posi-tive results from the preliminary economic assessment (PEA) on the company’s La Loutre Project in south-eastern Quebec in Canada. The investment is to require an initial capital expenditure of some C$236.1 million (US$189.3 million).


The miner said in a statement it is planning to launch a preliminary feasibility study (PFS) with the aim to advance the project towards production as part of a staged development strategy, all the while continuing the company’s drilling programs.


“La Loutre has shown it has the potential to become a highly profita-ble graphite mine in one of the most prolific producing regions in Can-ada. The La Loutre PEA was produced by the Ausenco team, one of the most experienced and reputable engineering firms working on mining projects in Canada. With further drill programs, we will con-tinue to add to and upgrade resources as we seek to move the project forward towards production,” according to A. Paul Gill, the president, CEO and director of Lomiko Metals.