For thousands of other reports visit RSC's Mineral Intellingence Map
Battery Minerals Ltd.
Summary
| Project: | Balama Central | |
|---|---|---|
| Deposit: | Balama Central | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 3/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-3-2018: Battery Minerals Ltd. announces a Scoping Study report for its Balama Central deposit at the Balama Central project. Scoping study finds Capex US$50m, Payback <1.5yrs, LOM >10yrs. Battery Minerals Limited (ASX:BAT) is pleased to report it has co | |
| Resources: | (Resource, I+I): 16.3Mt @ 10.4% TGC, 0.21% V2O5 at Balama Central | |
| CP/QP: | [Overall Report]: Sean Richardson (Independent) | |
| ABSTRACT: | Battery Minerals Limited (ASX:BAT) is pleased to report it has completed a Scoping Study on the Company’s Balama Central Graphite Project located in Mozambique. The Scoping Study describes a project with globally competitive low operating costs and a high value concentrate with potential to deliver strong operating cashflows over a long period. This Scoping Study has been undertaken to determine the potential viability of an open pit mine and graphite processing plant constructed onsite at the Balama Central Project and to form a view of the order of magnitude potential and a basis on which to complete further studies. The Scoping Study has been prepared to an accuracy level of ±35%. The results should not be considered a profit forecast or production forecast. The Scoping Study is a preliminary technical and economic study of the potential viability of the Balama Central Project. In accordance with the ASX Listing Rules, the Company advises it is based on low-level technical and economic assessments that are not sufficient to support the estimation of ore reserves. Further evaluation work including infill drilling and appropriate studies are ongoing and they will contribute to our ability to estimate any ore reserves or to provide any assurance of an economic development case. This study does not warrant that reserves will be reported. The total production target is based on Indicated resource exclusively. The Company has concluded that it has reasonable grounds for disclosing a production target. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report