Metals Of Africa Makes Large Graphite Findings at Monte Puez, Mozambique

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(2015-11-18) The Australian company Metals of Africa on Monday announced that it has found an estimated 6.3 million tonnes of graphite at its Montepuez Central Graphite Project in the northern Mozambican province of Cabo Delgado.

In addition, it estimates that the resource contains 163,000 tonnes of vanadium oxide.

According to a statement from the company, the deposit contains “a higher percentage content of large and jumbo flake size than any published graphite resource in Mozambique”.

This is of particular importance as prices rise sharply as size of flake increases. In a presentation, the company stated that jumbo flakes sell for about 2,200 US dollars per tonne; large flakes for 1,250 dollars; medium flakes for 1,100 dollars; and small flakes for 900 dollars. It pointed out that more than half of the graphite at Montepuez consist of either large or jumbo sized flakes.

The Managing Director of Metals of Africa, Cherie Leeden, commented that “this impressive maiden resource positions Metals of Africa as a major player in the global graphite space. Our flake size and quality is exceptional and our deposit clearly boasts the best ratio of large and jumbo flake of graphite deposits in Mozambique”.

The company plans to export the graphite through the port of Pemba, which is 250 kilometres away. It added that an alternative would be to ship the material through the port of Nacala, in the neighboring province of Nampula.

Graphite is a form of carbon that is highly valued due to its properties as a conductor of electricity. It is used in batteries and fuel cells and is the basis for the “miracle material” graphene, which is the strongest material ever measured, with vast potential for use in the electronics industries.

Source: AIM

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