The Balama Graphite Project, consisting of 8 exploration licenses totalling more than 70,000ha, is located along strike from, amongst others, Syrah Resources Ltd (SYR:ASX) - a company valued at ~A$1billion. Lab results of samples taken from the Balama Graphite Project confirm wide (up to 74m) high-grade intervals of up to 22% Total Graphitic Carbon (TGC). Field assessment has also highlighted the potential of large flake sizes, with a 2015 sample analysis showing 57.9% Super Jumbo flakes larger than +1180μm on licence 4662L. High-grade intersections recorded to date suggest likely extensions of nearby world-class graphite deposits.
Location of Mustang Prospecting Licenses overlaying regional geological mapping and depicting the location of ground held by Syrah Resources, Triton Minerals and Metals of Africa
SkyTEM results within tenements Mustang’s Licenses showing EM anomalies along strike from Triton’s Nicanda Hill deposit and Syrah Resources Balama deposit