Battery's Balama Central feasible

WHILE Battery Minerals is still to get its flagship Montepuez project in Mozambique into full development, the graphite player has continued to push ahead with a second potential mine at Balama Central, releasing a promising feasibility study this morning.

Battery's Balama Central feasible Battery's Balama Central feasible Battery's Balama Central feasible Battery's Balama Central feasible Battery's Balama Central feasible

Balama Central is shaping up to follow Montepuez into production.

For US$70 million the Dave Flanagan-headed company expects a project generating earnings of more than $35 million per annum with a pre-tax internal rate of return of 55% and a payback period of 2-3