AMN - MOZAMBIQUE: Caula a top tier graphite project

Metallurgical tests on samples from Mustang Resources' Caula Graphite Project in Mozambique have confirmed it as a top tier graphite project. The fresh sample achieved a total graphitic content (TGC) recovery of 96% and the oxide sample received a TGC recovery of 87%.

These results were achieved using a simple, conventional flowsheet processing samples with a 13% TGC head grade.

Not only has the testing shown exceptional recoveries from simple processing methods but more than 55% of the fresh graphite assayed has been classed as jumbo and large flake. These results are based on non-optimised process test-work with scope for further optimisation.

This can be achieved through a coarser initial grind size and increased preservation of large and jumbo flakes in the intermediate processing stages.

Samples were compiled from quarter diamond drill core samples collected during a recent resource drilling campaign. Previous diamond drilling at Caula has returned outstanding results with intersections of up to 26% TGC.

Mustang's managing director Christiaan Jordan said: “Not only does Caula host extensive high-grade graphite mineralisation, but preliminary metallurgical testing demonstrates that it also has more than 55% large and jumbo flakes in the fresh ore.

“These results highlight the potential for Caula to be a low-cost graphite supplier to the fast-growing lithium battery and expandable graphite industries.”

Mustang is completing its maiden JORC resource statement which it expects to release by September 2017.

The maiden JORC resource will underpin a scoping study for the development of the project. The study will be prepared by Wave International in collaboration with Independent Metallurgical Operations, and is expected to commence this month.

Caula is along strike from Syrah Resources’ world-class Balama graphite project in Mozambique. The Balama deposit comprises 21% large and jumbo flakes, and has a grade of 16.6%, which can be processed into a 96% concentrate.

www.mustangresources.com.au