Metals of Africa declares maiden resource at Balama Central
PERTH (miningweekly.com) – ASX-listed junior Metals of Africa has defined a maiden mineral resource of 16.3-million tonnes at its Balama Central project, in Mozambique.
Grading 10.4% total graphitic carbon and 0.21% vanadium oxide, the project is estimated to contain about 1.7-million tonnes of graphite and 34 000 t of vanadium oxide.
“Based on a modest but effective four week drilling programme that was completed using only one drill rig, we have achieved our objective of delineating an attractive high-grade mineral resource capable of allowing us to progress to a prefeasibility study (PFS) based on a mine life of at least ten years,” said Metals of Africa MD Cherie Leeden on Monday.
Leeden added that the flake size and quality at the Balama Central and Montepuez deposits boasted the "best ratio of large and jumbo flake of all graphite deposits in Mozambique", with the product retailing at a premium and giving Metals of Africa optionality with respect to several end-users.
A concept study for the Balama Central project would be completed within the next two weeks, after which the company would focus on the completion of a PFS.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation