Balama Central graphite project, Mozambique
Name of the Project
Balama Central graphite project.
Location
Mozambique.
Client
Battery Minerals.
Project Description
A scoping study completed on the project has described a project with globally competitive low operating costs and a high-value concentrate, with potential to deliver strong operating cashflows over a long period.
The study proposes an operation processing about 550 000 t of ore at a grade of 10.6% total graphitic carbon (TGC) and producing 53 000 t/y to 55 000 t/y of graphite flake concentrate at up to 97% TGC.
It is proposed that 100% of this ore will be mined from the indicated resources of 8.9-million tonnes at 9.3% TGC.
The project has a mine life of more than ten years.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Payback is expected to be less then 1.5 years.
Value
Capital expenditure has been estimated at $50.1-million.
Duration
Construction is expected to start in the first quarter of 2020, with commissioning expected in the third quarter and ramp-up in the fourth quarter.
Latest Developments
The completed scoping study has ensured there now are sufficient tonnes in the indicated resource category to support a highly commercial second mining operation at Balama Central.
A feasibility is now under way, inclusive of environment and mining concession applications, which is expected to be completed by mid-2018.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Battery Minerals, tel +61 8 6148 1000 or
email info@batteryminerals.com.
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