r Exclusive option to acquire a 100% interest in the Mahenge North Graphite Project, Tanzania Two known graphite prospects ‐ Ndololo and Epanko North
Epanko North lies contiguous to the 14.9Mt @ 10.5% TGC (Inferred) Epanko Graphite Resource, Kibaran Resources Limited (KNL.ASX)
Potential premium product at Ndololo – sample flake sizes ranging between 1.5 and 8.5mm
Recent drilling highlights potential – 29m @ 6.8% TGC from 12m inc 11m @ 11.2% from 12m
Metallurgical study confirms 95.7% recovery and 15.5% TGC (Total Graphitic Content) head grade
Supportive domestic environment with stable government, significant existing mining activity and established infrastructure
Opportunity for rapid and cheap transformation from discovery, through to resource definition to scoping and off ‐take ‐ Early exercise of option ahead of option expiry probable.
MAHENGE NORTH GRAPHITE PROJECT
Located in south‐central Tanzania ~245km SW of the city of Morogoro
Close proximity to existing rail infrastructure accessing the ports of Dar es Salaam and Tanga
One granted exploration licence ~292km2
Two significant project areas of graphite mineralisation: Ndololo Epanko North
Previous sampling – 15.5% TGC head grade and 95.7% recovery
Recent exploration – 21 hole RC drill program at Ndololo (KNL, 2012) – refer Appendix 1 for previous drill results
Hope this info helps... but of course always DYOR also...
GRK Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
