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South Star Battery Metals Announces Santa Cruz Graphite Mine Construction and Licensing Updates As Well As Filing of NI 43-101 Maiden Mineral Resource Estimate Report for the BamaStar Graphite Project in Coosa County Alabama, USA
Santa Cruz Phase 1 construction is on-time and on schedule for commercial production at the EOY 2...
About this update from South Star Battery Metals Corp
[{"type":"text","content":"South Star Battery Metals Announces Santa Cruz Graphite Mine Construction and Licensing Updates As Well As Filing of NI 43-101 Maiden Mineral Resource Estimate Report for the BamaStar Graphite Project in Coosa County Alabama, USASanta Cruz Phase 1 construction is on-time and on schedule for commercial production at the EOY 2023.All documents for Santa Cruz Phases 2 and 3 environmental permits and mining licenses have been submitted for review.520,000 tonnes of contained graphite with an open pit-constrained mineral resource estimate of 22M tonnes of inferred resources at an average grade of 2.4% (Cg), based on a 1.1% cut-off grade.Estimate is based on 12 drill holes totaling 506m of HQ diamond drilling completed in 2022.The mineral resource estimate confirms the significant potential of this historical mine with graphite mineralization open at depth and in both directions (NE & SW).The mineral resource estimate and initial open pit optimization confirms the deposit is amenable to open pit mining operations with at-surface mineralization and low strip ratios.Grant of RSUs.VANCOUVER, BC / ACCESSWIRE / April 27, 2023 / South Star Battery Metals Corp. (\"South Star\" or the \"Company\") (TSXV:STS) (OTCQB:STSBD), is pleased to announce a construction and permitting update for the Santa Cruz Graphite Mine currently in construction on the Phase 1 installations in Brazil, as well as the filing of the NI 43-101 technical report (\"TR\") of its maiden mineral resource estimate (\"MRE\") for the BamaStar Graphite Project located in Coosa County, Alabama, United States (the \"Project\").Richard Pearce, CEO of South Star, commented, \"Santa Cruz construction on the Phase 1 plant and mine installations is on time and on schedule through the end March 2023. All our licensing and permitting documents for Phases 2 and 3 for up to 50,000 of graphite concentrate have been submitted and are in technical evaluation. We are planning to have all our licenses and permits in hand by the end of 2023 so we can start the financing process for the future expansions. The BamaStar NI 43-101 technical report with the maiden mineral resource estimate is a fantastic result and confirms the potential for a significant deposit at this historical mine with at-surface mineralization that should be amenable to open pit mining techniques and low strip ratios. It's...