https://www.engineeringnews.co.za

Metals of Africa declares maiden resource at Balama Central

21st March 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – ASX-listed junior Metals of Africa has defined a maiden mineral resource of 16.3-million tonnes at its Balama Central project, in Mozambique.

Grading 10.4% total graphitic carbon and 0.21% vanadium oxide, the project is estimated to contain about 1.7-million tonnes of graphite and 34 000 t of vanadium oxide.

“Based on a modest but effective four week drilling programme that was completed using only one drill rig, we have achieved our objective of delineating an attractive high-grade mineral resource capable of allowing us to progress to a prefeasibility study (PFS) based on a mine life of at least ten years,” said Metals of Africa MD Cherie Leeden on Monday.

Leeden added that the flake size and quality at the Balama Central and Montepuez deposits boasted the "best ratio of large and jumbo flake of all graphite deposits in Mozambique", with the product retailing at a premium and giving Metals of Africa optionality with respect to several end-users.

A concept study for the Balama Central project would be completed within the next two weeks, after which the company would focus on the completion of a PFS.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Monitor Distributors
Monitor Distributors

We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.071 1.113s - 140pq - 2rq
Subscribe Now