Confidence rises on Mahenge resource
PERTH (miningweekly.com) – Tanzanian graphite developer Black Rock Mining has reported a 25% increase to the measured resource at its Mahenge graphite project.
The resource upgrade comes as the company ramps up project execution activities at Mahenge, saying on Thursday that the increase in the resource estimate provided customers and financiers with confidence in the planned production output over the first ten years of operations from the Ulanzi openpit.
Mahenge’s global mineral resource estimate totals 213.1-million tonnes, at 7.8% total graphitic carbon, with the measured resource making up 31.8-million tonnes, and the indicated resource estimated at 84.6-million tonnes.
“As part of our ramp-up activities associated with completing engineering design for Mahenge Module 1, we have completed assays on metallurgical drill core and bulk samples specifically taken to support final qualifications of the project. Processing of these samples is an outcome of POSCO’s equity investment of 15% of the company,” said Black Rock CEO John de Vries.
“It is pleasing to see that as a result of the increased confidence in Ulanzi, and the outcome of this campaign, Mahenge now has the largest measured mineral resource of any graphite developer or operation globally. This directly translates to reduced investment risk for debt and equity investors with the first ten years of production now underpinned entirely by measured mineral resource.”
A 2019 definitive feasibility study estimated that Mahenge could produce 340 000 t/y of graphite during Stage 1 operations, for a capital investment of $116-million.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...
VISIT SHOWROOM
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
