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Battery Minerals Ltd.
Summary
| Project: | Montepuez | |
|---|---|---|
| Deposit: | Buffalo | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 10/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-10-2018: Battery Minerals Ltd. announces a Resource Estimation report for its Buffalo deposit at the Montepuez project. Update mineral resource estimate at the project. Battery Minerals Limited (ASX: BAT) is pleased to advise that its infill drilling p | |
| Resources: | (Resource, Total): 119.6Mt @ 8.1% TGC for 9660Kt Graphite contained | |
| CP/QP: | [Resources]: Shaun Searle (Ashmore Advisory Pty Ltd.) | |
| ABSTRACT: | Battery Minerals Limited (ASX: BAT) is pleased to advise that its infill drilling programme at the Buffalo deposit within the Montepuez Project in Mozambique has both increased our resource base and confidence levels. Detailed drilling and ongoing mining and metallurgical studies have also delivered an estimate for Buffalo with over 60% of the 42.6Mt in the Measured and Indicated Resource category. The Company is also pleased to announce an increase in the total resource grade from 7.9% TGC to 9.5% TGC at a 2.5% TGC cut off. “The team have achieved a step change in the quantity and quality of our resource base. The increase in confidence in the overall Mineral Resources will be fed into the various mining studies and we look forward to the results.” Mr Flanagan said. With 2018 seeing updates to Elephant, Buffalo and Balama Central Mineral Resources, we are pleased to report Group Mineral Resource Total of 152.2Mt at 8.5% TGC for 13.03Mt of contained Graphite. These updated Mineral Resource estimates form the basis of the Montepuez Graphite project implementation mine plan and the Balama Central Feasibility Study mine plan, currently being prepared by Snowden. We look forward to reporting these results in early November 2018. The updated Mineral Resource was estimated by independent mining consultants; Ashmore Advisory Pty Ltd (“Ashmore”). | |
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