Mozambi Extends Graphite Portfolio in Tanzania

Published at Sep 9, 2015, in Small Caps

Graphite hunter Mozambi Resources (ASX:MOZ) has just picked up four more licenses in Tanzania in a deal worth an initial amount thought to be in the order of $539,000, but only $104,000 in cash.

Two of the four licence areas, which are interwoven with MOZ’s current tenements, currently host prospects while the other two have had little to no exploration well done on them.

It will bring MOXZ up to 11 tenements overall, and the new areas will be included in a 777 line kilometres VTEM survey.

Map showing MOZ’s new tenements

HQ-P29096 hosts the Chiyada prospect, and is less than 10km south of MOZ’s existing Chiwata prospect.

As reported yesterday by Finfeed, MOZ effectively quadrupled the strike length at Chiwata As the result of rock chip samples collected from trenches at the project.

It told the market today that “further delineation of this deposit [Chiyada] could add significant synergies for the company going forward” – hinting that the two deposits could be linked in some way.

Meanwhile HQ-P29087 hosts the Namangale Prospect, north of existing MOZ licenses.

As part of the deal, MOZ has committed to spending a minimum of $500,000 on exploration in the new license areas in the first two years.

The deal in detail

MOZ has managed to swing the deal by getting in touch with the company with those mining tenements under application.

Under the terms of the deal, the company will withdraw its application and MOZ will tender on in their stead.

MOZ will pay for the cost of the applications, capped at $US4000 ($A5673).

Once the licenses are issued, MOZ will pay an initial $100,000.

It will also issue 15 million fully paid ordinary shares of the company, with its price currently 2.9c. It will also issue 7.5 million listing options, currently at 1.5c.

This means the deal could have an initial outlay worth $539,000 (not including the options), with $104,000 of this in cash.

There are also milestones surrounding the deal, with the issue of up to 60 million shares contingent of proving a resource of up to a 20 million tonne JORC compliant resource at more than 5% total graphitic carbon.

There are also ongoing 3% smelter royalty attached to the deal, but MOZ can halve this by paying $2 million.

View Our Investment Portfolios

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.

Publishers Notice

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.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!