NextSource Materials Inc

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Market Cap:
$35.52 m
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In brief

NextSource Materials (TSX:NEXT) (OTCQB:NSRC) is a Canadian mine development company based in Toronto, Ontario, that is rapidly developing its 100%-owned Molo Graphite Project in southern Madagascar to production.

The Molo is a Feasibility-stage project and ranks as one of the largest-known and highest quality flake graphite deposits in the world.  The Molo 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 located 160km by road south-east of Madagascar’s administrative capital (and port city) of Toliara, and 220km from the Port of Ehoala at Fort Dauphin, a modern (2009) deep-water port developed by the World Bank and Rio Tinto and will be the port of choice for the Molo Project. A serviceable regional road system connects Toliara to Fort Dauphin and runs immediately adjacent to the Molo camp.