Business
Mozambique Operations Update
Mozambique Operations Update.
About this update from Total Graphite Plc
[{"type":"text","content":"\n\n \n10 July 2023\nTirupati Graphite plc\n('Tirupati', 'TG' or the 'Company')\n \nMozambique Operations Update\n \nTirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist flake graphite and graphene company developing sustainable new age materials, is pleased to provide its first update on the Mozambique Flake Graphite assets, post-acquisition.\n \nBackground\n \nFollowing the completion on 3rd April 2023 of Tirupati's acquisition of the Montepuez and Balama Central projects, both in Mozambique, from Battery Minerals Limited (\"BAT\"), the Company has completed site visits and a comprehensive review of all of the assets acquired. The projects contain reserves and resources of more than 12 million tons of contained graphite, which adds by a factor of 12 to the Company's global resource base. Together, Montepuez and Balama Central are fully permitted for c.158,000 tons per annum of flake graphite production. The Company also notes that assessments for Vanadium Pentoxide content in the Montepuez project were made under the JORC 2012 regime and the following resources were found;\n \n \n\n\n\nDeposit, Type\n\n\nTonnage (millions)\n\n\nVanadium Pentoxide%\n\n\nJORC Resource Category\n\n\n\n\nElephant, Primary\n\n\n18.4\n\n\n0.24\n\n\nInferred\n\n\n\n\nBuffalo, Primary\n\n\n16.2\n\n\n0.25\n\n\nInferred\n\n\n\n \nActivity since acquisition\n \nFollowing its completion of a Definitive Feasibility Study (\"DFS\") in 2017, BAT started construction of a 50,000 ton per annum production plant at Montepuez. This construction included a 100-person accommodation camp, significant Tailings Storage Facility (\"TSF\") work, as well as road and culvert infrastructure being put in place at Montepuez. Acquisition of certain long lead equipment was also initiated and a mobile crusher stands at the site, with sufficient capacity to meet the ore feed for a 50,000 tons per annum processing facility.\nDetailed review of the DFS including of the proposed processing plant flow sheet has been made by the Company with the following conclusions:\n● the process for sand extraction at the first stage of the process can be used at the project;\n● the process flow sheet as per the DFS can be modified using the technologies currently used by the Compan...