Montepuez graphite project, Mozambique
Name of the Project
Montepuez graphite project.
Location
Mozambique.
Client
Battery Minerals.
Project Description
Montepuez Stage 1 (M1) is a 50 000 t/y graphite flake project.
The current project life is 20 years, which Battery Minerals expects to expand to about 100 000 t/y in Stage 2.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 10% discount rate, of $146-million and an internal rate of return of 36.2%. Payback has been reduced from 4.75 years in the definitive feasibility study (DFS) to two years in the value engineering study (VES).
Value
Total capital expenditure in the VES is estimated at $42.33-million, compared with $126-million in the February 2017 DFS.
Duration
Steady-state production is expected in the final quarter of 2019.
Complete ramp-up of the first stage of the mine is expected in the third quarter of 2019.
Latest Developments
The ore reserves at the Montepuez graphite project have increased to 42.2-million tonnes at 9.3% total graphite carbon (TGC) for 3.9-million tonnes of graphite.
This compares with the ore reserve estimate of 41.1-million tonnes at 8.8% TGC for 3.6-million tonnes of graphite published in January 2017.
The remaining capital cost to bring Montepuez into production is $39.5-million.
The project requires environmental approvals, offtake agreements, a port allocation, a completed tailings dam wall and a newly constructed mine village.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Battery Minerals, tel +61 8 9322 7600, fax +61 8 9322 7602 or email info@batteryminerals.com.
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