Mozambi goes 15 from 15 in graphite chase
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Graphite player Mozambi Resources (ASX:MOZ) has confirmed that of 15 holes drilled at its flagship Chiwata prospect, all 15 have at least hit graphite mineralisation.
It said in an update before the opening of ASX trade today that a current drilling round of 15 holes had confirmed visual graphite in all holes, as well as its theory that mineralisation remains open along strike to the east, west, and down dip to the north.
It has taken 808m of RC holes at Chiwata, with a further 300m of RC drilling along with 150m of diamond drilling expected to wrap up the current program in coming weeks.
While it is not able at this stage able to release grade information as the samples have not been assayed and were evaluated on a visual basis, MOZ said that there was visible graphite on all the cores.
It said the thickness of mineralisation was roughly 10m to 20m on average.
Samples have been sent off for assays, with MOZ telling shareholders that it expected the results to confirm previous guidance that graphite flake size in the area averaged large to jumbo.
After drilling at Chiwata is wrapped up, MOZ will head to the nearby Namangale prospect for further drilling.
Late last week MOZ said that it had conducted a ground electromagnetic survey over several areas, finding additional targets at the Namangale, Chidya, and Masasi prospects.
MOZ said while it would conduct trenching and pitting at Chidya and Masasi, that it would start drilling at Namangale after it had wrapped up its current drilling program at Chiwata.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (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 and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.