Battery Minerals Announces Drilling Results from Montepuez Graphite Project

Battery Minerals Limited advised 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:

  • EL028A, 37 metres at 13.49% TGC from surface,
  • EL042A, 15 metres at 14.16% TGC from surface,
  • EL058A, 20 metres at 15.61%TGC from 2 metres,
  • EL078A, 24 metres at 16.07% TGC from surface,
  • EL137A, 21 metres at 16.7%TGC from 3 metres,
  • EL140A, 27 metres at 15.03% TGC from 3 metres and
  • EL165A, 16 metres at 15.78% TGC from surface

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.”

Additional assay results are expected to be received shortly from drilling at the Buffalo deposit at Montepuez.


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