Australia’s Syrah Resources finds large graphite deposit in northern Mozambique

27 July 2012

Australian mining company Syrah Resources has announced conclusion of 15 drill holes in the western region of the Balama project in northern Mozambique, and has found graphite in all but one.

The company also said that the results would be announced in the next two weeks and that South Africa’s MSA Group would make an initial calculation of the amount of graphite available at the concession.

After the drilling Syrah Resources plans to start prospecting in the western region of the Balama project, near mount Coronge, where high quality graphite has been found at the surface.

Thirteen holes will be drilled in that region t a depth of between 250 and 320 metres and another RC rig is expected to arrive in the next few weeks to start prospecting in other areas of the concession.

Syrah Resources is an Australian company with a diverse portfolio of mining projects in southeast Africa, particularly in Mozambique, at the Balama project, as well as a heavy sands project in Nachingwea, Tanzania. (macauhub)