The company released a scoping study for the Balama Central project, outlining capital costs of US$50 million for a 10-year operation.
Annual production would be 53,000-55,000 tonnes per annum of 96-97% graphite concentrate at operating costs of $372 per tonne.
Based on a basket price of $1221/t free-on-board, the payback period would be just 18 months.
The company is aiming to complete a definitive feasibility study by mid-year and Battery managing director David Flanagan said the early numbers highlighted the 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 ...