Battery's second project looking solid

BATTERY Minerals has scoped its second Mozambique graphite project, with the study returning similar economics to its flagship Montepuez project.

Battery's second project looking solid Battery's second project looking solid Battery's second project looking solid Battery's second project looking solid Battery's second project looking solid

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 ...