MOZ taps graphite gurus for PFS work
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.
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.