MOZ taps graphite gurus for PFS work
Published on: | by finfeed
Mozambi Resources (ASX:MOZ) has tapped BatteryLimits to prepare a pre-feasibility study on its Namangale graphite project, with the PFS due in the fourth quarter.
The graphite play told the market this morning that it had tapped the Perth-based consultancy, which has done work for the likes of BHP Billiton, Barrick Gold, and Hancock Exploration.
It has in recent times, however, become somewhat of a Tanzanian graphite specialist by helping Magnis Resources (ASX:MNS) and IMX Resources (ASX:IXR).
BatteryLimits has already started work on stage one of the Namangale PFS, with metallurgical work also under way.
The key target for the testing will be the production of flake graphite concentrate suitable for the lithium-ion battery market – using existing diamond core samples.
MOZ chairman Stephen Hunt said that given BatteryLimits’ growing exposure to the graphite scene in Tanzania, the appointment was an easy decision.
“BatteryLimits is highly experienced in the graphite sector and is well known for its work in Tanzania,” he said.
“Furthermore, we believe their culture is a good strategic fit with Mozambi and this will help expedite the process towards a favourable completion.”
MOZ said that the PFS was due to be completed in the fourth quarter of this year.
The appointment of BatteryLimits, which is working on four graphite projects, comes just days after the latest round of testing on graphite samples found that 94.5% of the flake within the graphite was either large, jumbo, or super jumbo.
The project is one of the largest in Tanzania, with a JORC compliant inferred resource of 179 million tonnes at an average grade of 5.1% total graphitic content.
MOZ’s Tanzania operations are located close to the deep-water port of Mtwara, 140km from the Namangale Prospect.
Sealed roads and high-voltage are available across its prospects, connecting MOZ to export routes internationally.
Mtwara Port has a capacity of 400,000 metric tonnes per year and could handle up to 750,000 metric tonnes per year with the same number of berths if additional equipment is put in place for handling containerised traffic.
The port is currently heavily underutilised, with approximately 34% of its total capacity currently in use.