Name of the Project
Balama Central graphite project.

Location
Balama, Mozambique.

Client
Battery Minerals.

Project Description
A concept study, including preliminary metallurgical testwork, has highlighted the outstanding potential of the Balama Central graphite project.

The project has indicated and inferred resources of 16.3-million tonnes grading 10.4% total graphitic carbon (TGC) and 0.21% vanadium pentoxide.

The study has found that the project could produce higher-value, very coarse flake-size graphite, with more than 50% classed as large and jumbo graphite flake grading at 97% TGC.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
Not stated.

Duration
Not stated.

Latest Developments
Considering the strong concept study results, Battery Minerals plans to undertake a definitive feasibility study, which it aims to complete by the middle of 2018.

Battery Minerals plans to start the environmental approvals process in the December quarter.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Battery Minerals, tel +61 8 9322 7600, fax +61 8 9322 7602 or email info@batteryminerals.com.