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Battery Minerals Ltd.
Summary
| Project: | Balama Central | |
|---|---|---|
| Deposit: | Balama Central | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 3/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 29-3-2018: Battery Minerals Ltd. announces a Resource Estimation report for its Balama Central deposit at the Balama Central project. Mineral Resource doubles at Balama Central. Battery Minerals Limited (ASX: BAT) is pleased to advise that its strategy to | |
| Resources: | (Resource, I+I): 32.9Mt @ 10.2% TGC for 3.357Mt graphite contained at Balama Central | |
| CP/QP: | [Resources]: Shaun Searle (RPM Global) | |
| ABSTRACT: | Battery Minerals Limited (ASX: BAT) is pleased to advise that its strategy to develop a second graphite project in Mozambique has taken a major step forward with total Mineral Resources doubling to 32.9 million tonnes at 10.2 per cent TGC following 1,600m of diamond drilling. As part of the Mineral Resource, Indicated Mineral Resources have almost tripled to 26.6Mt at 10.3 per cent TGC. This grade is up from 9.3 per cent in the previous Resource estimate. The Mineral Resource was estimated by independent mining consultants; RPMGlobal Holdings Limited (“RPM”). Battery Minerals Managing Director David Flanagan said the Mineral Resource increase was an outstanding result. “With the Mining Licence now secured for our Montepuez project and the Resource inventory for Balama increased to such a huge extent, our strategy to become a major graphite supplier to the battery industry is well on track,” Mr Flanagan said. The Balama Central Graphite Project is located within the Xixano Complex. The Xixano Complex includes a variety of metasupracrustal rocks enveloping predominantly mafic igneous rocks and granulites that form the core of a regional north-northeast to southsouthwest trending synform. Graphite-bearing mica schist and gneiss are found in the Xixano Complex. Locally at the Balama, the geology includes granitic gneiss, schists, quartzite and graphitic schist ± sericite ± roscoelite. The rocks are typical of the graphitic psammopelite observed at the adjacent Syrah Resources deposit. The Lennox and Byron prospects are composed of relatively ‘simple’ geology with interpreted steeply dipping northwest host lithologies. The graphite forms as a result of high grade (amphibolite) metamorphism of organic carbonaceous matter. | |
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