Ann: Lac Rainy Phase 1 - High-grade assay results, page-155

Hi Namvo,

When all the results come out , and positive, BOD will do , and have to do ,the Presentations - Road Shows..... Marketing , I think and believe .


In the Lac Rainy update on 05-Sep , They mentioned about Nanhai.
In the recent report they mentioned about North American markets as :

1/ Commenting on the high grade results, Mr Gino D’Anna, a Director of MLS stated:
“The Phase I channel sampling campaign at Lac Rainy have yielded exceptionally high grade results across significant mineable widths, including 18.53% Cg across 14.5 m at surface. The width of the mineralized horizons were better than expected and with mineralisation starting at surface with such high grades is very encouraging. Lac Rainy offers the potential for lower mining costs and lower strip ratios.

Based on the high grades obtained to date and the strike length now in excess of 3 km, remaining open to the north-west, there is strong potential for a high-grade graphite deposit of high-tonnage to be present at Lac Rainy. We remain excited by what has been identified, and Lac Rainy continues to over-deliver in grade, width and strike potential with additional extensions possible. Our corporate objective for the Project is to define a deposit of sufficient tonnage in the 15-20% Cg range similar to the nearby Lac Knife Deposit.

Our metallurgical and characterisation test work program (MLS ASX Announcement 17thJanuary 2018) demonstrated the potential of the Lac Rainy Graphite Concentrate to meet and exceed market specifications. We are now busy preparing for our maiden diamond drill program.

At this stage, Lac Rainy appears to be similar to the most advanced
battery-grade graphite project in North America, the nearby Lac Knife Graphite
Deposit.”


And :

2/ "About the Lac Rainy Graphite Project
The Lac Rainy Graphite Project is located in one of the premier graphite geological regions of Quebec. It sits approximately 22 km south-west of the historic mining town of Fermont and 260km north-northeast of the city of Sept-Îles. The Lac Rainy Graphite Project is approximately 15km east of Route 389, a paved highway which travels north to Fermont.

These road networks link the Lac Rainy Graphite Project with the major ports along the St Lawrence River in Quebec offering the Company a route to the seaborne market as well as the North American and South American markets."


Any ideas ?

Appreciated for your many good links.

Cheers.