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Metals Australia Ltd (ASX:MLS)

ALERT: Price-sensitive ASX Announcement for MLS
Current share price for MLS : $0.020 0 (0%)+
Announcement
Release
30 Jun 2026 8:14AM
Price at Release
$0.020
Full Release
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Summary
Metals Australia Ltd, through its Canadian subsidiary Northern Resources Inc., has announced the results of its Prefeasibility Study (PFS) for the Lac Carheil Graphite Project in Quebec, which confirms strong project economics. The project involves developing an open cut mine and a flake graphite concentrate plant with an expected annual production of 101,241 tonnes of flake graphite concentrates at 95.4% graphitic carbon over 24 years. The PFS indicates a pre-tax NPV of $790.8 million AUD and an after-tax NPV of $572.0 million AUD with a 22.0% IRR and a 4.2-year payback period. The project benefits from a high-grade ore reserve of 21.51 million tonnes at 11.14% graphitic carbon, translating to 2.40 million tonnes of contained graphite. The total CAPEX is estimated at $346.3 million USD, which could be reduced to $249.6 million USD considering potential tax credits. This positions the Lac Carheil Project as a significant future source of graphite supply, reflecting favorable comparisons with other industry projects.
Key Points
  • Prefeasibility Study confirms strong project economics for Lac Carheil Graphite Project.
  • Expected annual production of 101,241 tonnes of flake graphite concentrates.
  • Pre-tax NPV of $790.8 million AUD and after-tax NPV of $572.0 million AUD.
  • Project IRR of 22.0% with a payback period of 4.2 years.
  • Ore reserve of 21.51 million tonnes at 11.14% graphitic carbon.
  • Total CAPEX estimated at $346.3 million USD, potentially reduced by tax credits.
  • Project eligible for Clean Technology Manufacturing Investment Tax Credits.
  • Lac Carheil positioned as a strategically significant source of graphite supply.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.