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Location: 47 km SW from Montepuez, Mozambique
Ground Floor, 10 Ord StreetPO Box 1622West PerthWestern Australia, Australia
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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.
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.
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