Mozambique

Balama Central Project

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Categories

Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Graphite
Mining Method
  • Truck & Shovel / Loader
Mine Life27 years (as of Jan 1, 2018)
ShapshotBattery Minerals Limited is completing the sale of the Balama Graphite Project to Tirupati Graphite (TGR: LSE or ‘Tirupati’).

Owners

SourceSource
CompanyInterestOwnership
Tirupati Graphite plc 100 % Indirect
The Balama Central project licence, reclassified as 10031C (formerly 4118L), is 1543 ha. The lease is currently held by Suni Resources.

Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist graphite and graphene company developing sustainable new age materials, is pleased to announce that on 1 April 2023 ("Completion"), it successfully completed the acquisition (the "Acquisition") of Suni Resources SA ("Suni"), the Mozambique incorporated subsidiary of ASX listed Battery Minerals Limited ("BAT"). The Acquisition includes all assets, infrastructure, permits, licenses, and intellectual property associated with the construction initiated Montepuez Project and the fully permitted Definitive Feasibility Study ready, Balama Central Project (the "Projects") in Mozambique held by Suni.

Deposit type

  • Metamorphic

Summary:

The Balama Central comprises two prospects named Lennox and Byron which 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.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnitsAvg. Annual
Graphite kt 58
All production numbers are expressed as concentrate.

Operational metrics

Metrics
Annual ore mining rate 480 kt *
Annual processing rate 480 kt *
Stripping / waste ratio 2 *
Ore tonnes mined, LOM 19,656 kt *
Total tonnes mined, LOM 59,129 kt *
Tonnes processed, LOM 19,656 kt *
* According to 2018 study.

Production Costs

CommodityUnitsAverage
C1 cash costs Graphite USD 425 / t *  
Assumed price Graphite USD 1,508 / t *  
* According to 2018 study / presentation.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M USD  ......  Subscribe
Net revenue (LOM) $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Source Source
Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 11, 2024

Aerial view:

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