Metals Australia Ltd (AU:MLS) has released an update.
Metals Australia Ltd has announced a significant progression in their Lac Rainy high-grade flake-graphite project in Quebec, Canada, by awarding major contracts for project development studies. These contracts aim to expand the project resource, design a flake-graphite concentrate plant, and assess purification options for battery-grade graphite. The company emphasizes the project’s robust economics and potential value, supported by a strong cash balance to advance development and exploration.
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