Australian firm Metals of Africa will launch a programme for 2 000 metres of test drilling in a graphite concession in Montepuez, northern Mozambique, the company said in a statement.
The beginning of this drilling programme has been long-awaited by the market since the company was granted exploration licenses, as the concession is located near the huge deposits of graphite of Syrah Resources and Triton Minerals.
Largest graphite resource
The Montepuez Graphite Project comprises three 100%-owned exploration licenses in the Cabo Delgado Province which hosts the world’s largest graphite resource.
There is currently more graphite in the Cabo Delgado province of Mozambique than the rest of the world’s graphite resources combined, according to Metals of Africa.
Metals of Africa conducted an airborne Versa tile Time Domain Electromagnetic Surveying (VTEM) survey over the remainder of the prospective portion of Montepuez Central, East & North.
Following the completion of the airborne VTEM, Metals of Africa said drilling at Montepuez was now set to begin in mid-November and would continue for a month and a half.
Drilling is required to ascertain depth and grade potential dense mineralisation.
The company also said it would use two drilling machines simultaneously and the final number of drill holes and metres drilled will depend on the intersected geological structures.
Metals of Africa expects to find graphite mineralisation at low depth and each drill hole is not expected to be more than 100 metres deep.