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Mozambi bags renowned dealmaker

Mozambi bags renowned dealmaker

Published on: | by finfeed

Mozambi Resources (ASX:MOZ) has pulled off a hiring coup, snagging industry deal-maker Alwyn Vorster to help get the company through the next phase of growth – including a pre-feasibility and definitive feasibility study.

It told its shareholders today Vorster was joining the board as a non-executive director, with Vorster holding years of mining experience.

In 2013 he was named ‘Dealer of the Year’ at the Diggers & Dealers mining forum, and has experience in several big money deals and development projects.

In 2014 Vorster led Kerry Stokes-backed Iron Ore Holdings into a merger with BC Iron, and was general manager of Aquila Resources as it developed the West Pilbara iron ore project.

He has also served as the general manager of development for the Okajee port and rail project while for four years he served as the marketing manager for Rio Tinto – specialising in iron ore sales in China.

Crucially for MOZ, Vorster also has experience in Africa having been involved in three projects in Southern Africa.

MOZ chairman Stephen Hunt said Vorster would be invaluable given his experience with large projects.

“He brings important new skills and balance to the Mozambi board including a wealth of project development, transactional and company risk management experience at a crucial stage of the company’s lifecycle,” Hunt said.

“As non-executive director, he will serve as chairperson of the board’s Project Development Subcommittee, tasked to ensure achievement of high quality PFS and DFS deliverables, project schedule and project budget results.”

Getting real on a PFS

The hiring of Vorster is another sign that MOZ is starting to ramp things up towards the PFS and DFS stage of its flagship Namangale project in Tanzania.

Earlier this month it told its shareholders that it had engaged the services of Perth-based project specialists BatteryLimits to prepare the PFS on the project.

The consultancy has worked with 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.

Namangale

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.

Location of MOZ's projects

Location of MOZ’s projects

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.