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Lola Graphite Project
The 100%-owned Lola Graphite Project will provide feedstock to the Morroco Anode Plant
Lifespan 25 years
Production Graphite Concentrate
Resources 42Mt @ 4.2% Cg
Capex $185 M
NPV8% $176 M
Republic of Guinea
Coastal West Africa
Lola deposit
1,000 kilometers South-East of Conakry
The Lola Graphite Project is located approximately 1,000 kilometers South-East of Conakry, the capital of the Republic of Guinea. The Lola Graphite Project was named after the nearby town of Lola, located approximately 3.5 kilometers to the east of the deposit.
The Lola Graphite Project deposit is present at surface over a 8.7 kilometers-strike length and has an average of 370 meters in width. The first 20 to 50 meters depth (average of 32 meters) of the deposit is weathered-laterite, free-digging, graphite flakes, which allows for easy grinding and optimal recovery of all flakes sizes. Over 50% of the graphite is large flake (+80mesh), and 26% is “jumbo” flake material (+50 mesh ).
On December 23, 2024, the Company announced a PEA as part of an integrated development plan (IDP) that includes the Lola Graphite Project. The Lola Graphite Project in Guinea is a cornerstone of Falcon's ambitions to lead in the graphite supply chain. This project boasts a significant resource base and a planned mining operation aimed at delivering high-quality graphite concentrate for conversion into CSPG.
Illustration of Falcon concentrator