Focus’ flagship Lac Knife Project is a 100% owned, high-grade crystalline flake graphite deposit located in northeastern Québec, about 27 kilometres south of Fermont. The Project is located on the Nitassinan (ancestral lands) of the Innu community of Innu Takuaikan Uashat mak Mani-utenam (ITUM).
In March 2023, Focus announced an update to its 2014 feasibility study (FS) that positioned Lac Knife as potentially one of the lowest-cost, highest margin future North American producers of high-purity graphite concentrate for use in high-performance Li-Ion batteries.
The Feasibility Study update (FSU) by DRA Global Limited is based on a 27-year mine life and produced a Pre-tax Net Present value (NPV) of $500.9M calculated a discounted cash flow (DCF) rate of 8%. Pre-tax, the financial model has an Internal Rate of Return (IRR) of 28.70% and a capital payback period of 2.8 years. The after-tax financial model has an NPV of $285.7M calculated at a DCF of 8%, an IRR of 22.40% and a capital payback period of 3.3 years.
The technical report detailing the FSU and completed in accordance with National Instrument (NI) 43-101 guidelines, is now filed and available on www.sedar.com.
Click Here to view the executive summary of the technical report for the 2023 feasibility study update
Focus is now gearing up to resume work on the Lac Knife environmental and social impact assessment (ESIA) study, also scheduled to be completed in 2023.
Click here to find out more about our current plans for Lac Knife, including our partnerships with the local indigenous and other communities. (in French only)
More details about the March 2023 FSU highlights can be found here.