Australian company Black Rock Mining (ASX:BKT) recently announced that the total mineral resource of the Mahenge graphite project in southeast Tanzania has increased by 25% to 203m t.
Stephen Copulos, Chairman of Black Rock Mining, commented: “We believe this will deliver industry leading operational cash costs for a project that has already demonstrated its ability to deliver a high purity product from conventional flotation circuit process. We continue to believe we have the best graphite resource of any development stage project […]”
Black Rock Mining further notes that “in global terms, the total Mahenge mineral resource estimate is the fourth largest JORC compliant graphite mineral resource estimate in the world.
This offers significant flexibility for potential development into a multi-generation mining operation.
It has potential to be mined from multiple zones at low strip ratios, high-graded to accelerate capital payback in early years and can be scaled up in future due to the large resource size.”
Tanzania’s largest graphite deposits are located in the central and east southern regions of the country.
At the end of 2015, The Tanzanian Ministry of Energy and Minerals (MEM) announced that Tanzania will soon become one of the largest producers of graphite in the world, due to recent and abundant discoveries of graphite fields across the country.
These discoveries come mainly from Australia based graphite developers, Magnis Resources (ASX:MNS), Volt Resources (ASX:VRC) and Kibaran Resources (ASX:KNL).