Modern Mining

ASX-listed Battery Minerals has completed a Scoping Study on its Balama Central graphite project located in northern Mozambique. According to the company, the 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.

The study is an interim step towards completing a Feasibility Study which Battery Minerals expects to finish in mid-2018. The Scoping Study targeted product specifications, operations costs, capital costs and a development strategy that would ideally complement the company’s other graphite development project in the same area, Montepuez.

Battery Minerals MD David Flanagan said the study showed Balama Central had outstanding potential. “We have identified a very strong operating and financial balance for Balama Central and while the outcome is extremely strong we still think there is room for further improvements as part of the feasibility studies. With this robust development strategy now clearly mapped out, we will move to secure our mining concession, progress the detailed engineering and design work and additional offtake agreements.”

Under the Scoping Study, it is proposed to mine the Balama Central deposit at an average rate of approximately 550 000 t/a at 10,6 % Total Graphitic Carbon (TGC) to produce 53 000 to 55 000 tonnes annually of dry graphite concentrate with a grade of approximately 97 % TGC. It is proposed that 100 % of this ore will be mined from the indicated resources of 8,9 Mt at 9,3 % TGC. The estimated pre-production capex is US$50 million with payback in less than 1,5 years. Operating costs are estimated at US$372/t (including blasting costs). The project has a mine life of more than 10 years based on indicated resources only.

The flowsheet has been developed based on the results of test work performed on representative samples and is very similar to that of the Montepuez graphite project. It comprises crushing in a primary jaw crusher; closed-circuit milling; rougher flotation; concentrate regrinding and concentrate cleaning; concentrate filtration; concentrate drying, screening and bagging; and tails thickening and disposal.

Battery Minerals says it is possible that it could fund development of Balama Central from cashflow from its Montepuez graphite project, approximately 60 km north of Balama Central. Montepuez is currently in the early stages of construction and reportedly remains on target for commissioning in the December 2018 quarter. It is expected that it will export its first shipment of graphite concentrate in the March 2019 quarter.

Contact Modern Mining

Title: Editor
Name: Arthur Tassell
Email: mining@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Bennie Venter
Email: benniev@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

BANNER 9

 
Full Name*
Invalid Input

Company Name*
Invalid Input

Your Email*
Invalid Input

Phone*
Invalid Input

Postal Address 1*
Invalid Input

Postal Address 2*
Invalid Input

Postal Code*
Invalid Input

Street Address 1
Invalid Input

Street Address 2
Invalid Input

Postal Code
Invalid Input

Town / City*
Invalid Input

Country*
Invalid Input

Magazine

Invalid Input

Invalid Input