Saturday, August 18, 2018 5:25:13 PM
excerpt:
The Molo is a Full Feasibility-stage project and ranks as one of the largest-known and highest quality flake graphite deposits in the world. The Molo Project hosts a National Instrument 43-101 compliant total combined graphite resource of 141.28 million tonnes (Mt) at 6.13% total graphitic carbon (C), with a contained ore reserve of 22.44 Mt at 7.02%C.
The Molo is situated in the Tulear region of south-western Madagascar and is located 11.5km east of the town of Fotadrevo, covering an area of 62.5 hectares within the Company’s overall property claim position of 425km2 .
My take
It's area of 62.5 hectares or (154.44 acres) is small when considering its present compliant resource contains 141.28 million tonne (Mt) with a contained Ore Reserve of 22.44 Mt.
NextSource has an overall graphite claim position of 425km2 around the Molo which can essentially provide much greater tonnages of graphite as demand for graphite increases.
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