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The company’s pre-feasibility report issued last year outlines a 26-year mine producing 75,026 metric tons of graphite products annually.
The Galore Creek project is owned by a Teck-Newmont JV (GCMC) and currently in the final stages of a pre-feasibility study.
This site investigation work will form the basis for completing a future pre-feasibility study on the Arctic deposit.
Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility, pre-feasibility or other technical reports or studies, except in rare cases.
With an aim to set up 21 new industrial estates in 13 districts of the state, the state Cabinet on Wednesday gave in-principle approval to carry out a pre-feasibility assessment report.