They are retaining the experience from Balama, and the samples are already at the Lab..
"OGI also acquired local market expertise, relationships and >10 years in country operational experience through the Balama acquisition".
So we wait a month for the lab results and Balama will advise accordingly on any drilling or exploration..
"Initial exploration work completed to de-risk assets and to prove up graphite mineralisation on the Balama tenements. Samples submitted to SGS Laboratories for analysis with preliminary results expected within next 4 weeks".
" Mozambique confirmed as world-class graphite province with largest graphite resource in the world proximate to the OGI tenements. (Syrah Resources 1.2 billion ton graphite & vanadium deposit)
Adjacent Triton Nicanda hills graphite deposit hailed as one of the world’s largest high grade graphite deposits (103Mt inferred) with a >500Mt exploration target.
Balama graphite licences shows potential to host world-class graphite & vanadium deposits with graphite outcropping and positive EM results.
Strong market fundamentals for graphite which has been declared as a strategic mineral by the USCG—selling for >US$1,000 per ton (>US$3,000 per ton for battery applications)."
If we find high grades of graphite, do you not think that TON and SYR will not want a piece of the action?
OGI Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
