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Battery Minerals Ltd.
Summary
| Project: | Montepuez | |
|---|---|---|
| Deposit: | Elephant | |
| Location: | Mozambique | |
| Commodities: | Graphite | |
| Date: | 4/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-4-2018: Battery Minerals Ltd. announces an Exploration/Drilling Update report for its Elephant deposit at the Montepuez project. Drilling results incl. 37m @ 12.69% TGC from 0m. Battery Minerals Limited (ASX: BAT) is pleased to advise that new drilling | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Jason Livingstone (Internal) | |
| ABSTRACT: | Battery Minerals Limited (ASX: BAT) is pleased to advise that new drilling results have highlighted the world-class quality of its Montepuez graphite project in Mozambique, with high-grade intersections of free-dig mineralisation from surface and some intersections recorded outside the current mine plan, providing scope for further increases in the graphite inventory at Montepuez. The drilling programme, which was conducted at the Elephant deposit, comprised 240 holes for 4,968 metres drilled to refusal using blade RC aircore technique. The results include: For full details on the Elephant deposit grade control programme, please see the intercepts set out in Appendix 2 – Significant drill hole intercept table and collar details set out in Appendix 3 – Elephant grade control drill hole collar table. Battery Minerals Managing Director David Flanagan said Montepuez was making rapid progress on every level. “With our Mining Licence now secured, production covered by four binding sales contracts and longlead items ordered, we are well on track for plant commissioning in November this year,” Mr. Flanagan said. “The project is also meeting all our feasibility study forecasts, meaning it is set to be a low-cost producer of high-quality graphite for the lithium-ion battery industry. | |
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