Metals of Africa delays Mozambique graphite study
PERTH (miningweekly.com) – ASX-listed junior Metals of Africa has pushed back the completion date of the definitive feasibility study (DFS) on its Montepuez flake graphite operation, in Mozambique, from December 2016 to the first quarter of 2017.
The company told shareholders on Wednesday that while it was disappointed with the delay, the additional time provided Metals of Africa with an opportunity to include a spherical graphite prefeasibility study (PFS) with the release of the DFS.
The inclusion of the spherical graphite PFS is in line with the company’s strategy of becoming a significant player in the spherical graphite sector, said MD Cherie Leeden.
“Our company is in a unique position in that our co-owned spherical graphite facility located in the US, is fully operational. By January 2017, we aim to be producing anode-ready material for battery end-user qualification. The potential of the battery minerals industry is enormous and graphite is a key ingredient in all lithium-ion batteries, arguably the most important battery of our time,” said Leeden.
“We are advancing high-quality projects in the best graphite province in the world. Completing our DFS in the first quarter of 2017 will allow the spherical graphite economic parameters to be included in the study, which is our company’s main focus and should deliver robust value for our shareholders.”
Comments
Press Office
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