SRG Files a New NI 43-101 Technical Report for Lola Graphite Project
1
SRG Mining Inc.
1320 Graham, Suite 132
Ville Mont-Royal, Québec
H3P 3C8
SRG Files a New NI 43-101 Technical Report for Lola Graphite Project
PRESS RELEASE FOR IMMEDIATE RELEASE
Montreal, Quebec, April 1 2, 2023 - SRG Mining Inc. (TSXV: SRG) (“ SRG” or the “ Company”)
announced today that the company has filed a new National Instrument 43-101 (“NI 43-101”) technical
report covering the Lola Graphite Project Updated Feasibility Study (“ UFS”) for the Tier One Lola
Graphite Project in the Republic of Guinea. T he Lola Graphite Project UFS evaluates an annual
production capacity of 94,000 tonnes of graphite flakes in concentrate per annum (“ktpa”) over a 17-
year life of mine.
The Lola Graphite Project UFS was independently prepared by DRA Global Limited (“DRA”) of
Montreal, Canada and Marc- Antoine Audet of Montreal, Canada. The Qualified Persons responsible
for preparing the Lola Graphite Project UFS , on which the technical report was based, are Marc-
Antoine Audet, Ghislain Prevost (DRA), Volodymyr Liskovych (DRA), Alex Duggan (DRA), Schadrac
Ibrango (DRA) and Elie Accad (DRA).
The technical report titled “ Lola Graphite Project Updated Feasibility Study ” has been filed on the
SEDAR website at www.sedar.com and on the SRG’s website at www.srgmining.com.
About DRA Global
DRA Global Limited (ASX: DRA | JSE: DRA) is a diversified global engineering, project delivery and
operations ma nagement group, headquartered in Perth, Australia. It has more than 4,500
professionals and a proven track record in undertaking independent assessments of Mineral
Resources and Mineral Reserves, project evaluations and audits, technical reports and independent
evaluations on behalf of exploration and mining companies, and financial institutions worldwide
About SRG Mining
SRG Mining is a Canadian-based mining company focused on developing the Lola Graphite Project
located in the Republic of Guinea, West Africa. The Lola Graphite Project has Proven and Probable
Reserves of 41Mt at a grade of 4.14% Cg. SRG aims to develop a fully integrated source of battery
anode material to supply the European lithium -ion and fuel cell markets. With attractive operating
costs, proximity to European end -markets and strong ESG credentials, the Company is poised to
2
become a reliable supplier while promoting sustainability and supply chain transparency. SRG is
committed to generating sustainable, long-term benefits that are shared with the host countries and
communities where it operates.
For additional information, please visit SRG’s website at www.srgmining.com.
Contact :
Matthieu Bos Matt Johnston
President & CEO Corporate Development Advisor
Email: [email protected] Email: [email protected]
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" within the meaning of Canadian securities
legislation. All inform ation contained herein that is not clearly historical in nature may constitute
forward-looking information. Generally, such forward-looking information can be identified by the use
of forward-looking terminology such as “aims”, “become”, “evaluates”, or variations of such words and
phrases or state that certain actions, events or results "may", "could", "would" or "might". Forward -
looking information is subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, le vel of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such forward -looking information, including
but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii)
the possibility of write-downs and impairments; (iv) the risk associated with exploration, development
and operations of mineral deposits and mine plans for the Company’s mining operations; (v) the risk
associated with establishing title to mineral properties and assets including permitting, development,
operations and production from the Company’s operations being consistent with expectations and
projections; (vi) fluctuations in commodity prices, finding offtake takers and potential cli ents or
enforcing such agreements against same, (vii) prices for diesel, process reagents, fuel oil, electricity
and other key supplies being approximately consistent with current levels; ( viii) production and cost
of sales forecasts meeting expectations; (ix) the accuracy of the mineral reserve and mineral resource
estimates of the Company; (x) labour and materials costs increasing on a basis consistent with the
Company's current expectations; (xi) there being no significant disruptions affecting the operations of
the Company whether due to COVID-19 restrictions, the war in Ukraine, artisanal miners, access to
water, extreme weather events and other or related natural disasters, labour disruptions, supply
disruptions, power disruptions, damage to equipment or otherwise; and ( xi) asset impairment (or
reversal) potential, being consistent with the Company's current expectations. and other risks and
factors described or referred to in the section entitled "Risk Factors" in the MD&A of the Company
and which is available at www.sedar.com, all of which should be reviewed in conjunction with the
information found in this news release.
Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward -looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be no assurance that
3
such forward-looking information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such forward -looking information. Such forward -looking
information has been provided for the purpose of assisting investors in understanding the Company's
business, operations and expl oration plans and may not be appropriate for other purposes.
Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking
information is given as of the date of this press release, and the Company does not undertake to
update such forward-looking information except in accordance with applicable securities laws.