Advancing Lac Rainy Graphite Project: Major Contracts Secured

Metals Australia Ltd (ASX: MLS) has secured significant project study agreements to propel the development of its Lac Rainy high-grade flake graphite project in Quebec, Canada. These include a Metallurgical & Laboratory Services Agreement with SGS Laboratories, a Pre-Feasibility Study (PFS) awarded to Lycopodium for a flake-graphite concentrate plant design, and a downstream battery-grade spherical graphite (SpG) concentrate assessment by ANZAPLAN.

Additionally, a drilling contract with Magnor Exploration aims to expand the mineral resource. CEO Paul Ferguson highlights the company's strong financial position, emphasizing the potential value of the project. These developments aim to de-risk the project and align with the growing demand for critical minerals in North America. The study agreements mark significant progress towards the project's development.

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