BATTERY MINERALS

STOCK OVERVIEW

COMPANY EXPOSURE

Graphite

COMPANY LISTING

Battery Minerals

STOCK CODE

ASX: BAT

COMPANY OVERVIEW

Battery Minerals Limited, an ASX listed company (ASX: BAT), is a diversified mining development and minerals exploration company dedicated to exploring for and developing mineral deposits in Mozambique.

The Company’s core commodity targets are graphite, zinc/lead and copper. BAT is maintaining a focus on its two graphite development assets located in Mozambique, Montepuez and Balama, which are expected to come into production in late 2018 and 2021 respectively.

 

INVESTMENT HIGHLIGHTS

Battery Minerals completed a $20m placement via a $19.5 share placement in January, 2018. The placement was strongly supported by Battery Mineral’s largest shareholder, which has maintained its 12.55% interest in the Company, and institutional investors.

The Company is now fully-funded for its next phase of growth, including:

• Significant drilling programme underway at Montepuez, with results due shortly

• Planning, design and early development works at Montepuez including orders placed for the crusher and detailed engineering

• Accelerate a DFS on Battery Mineral’s Balama graphite project with expected completion June 2018

SHARE PRICE PERFORMANCE

PROJECTS

MONTEPUEZ GRAPHITE PROJECT
Advanced Graphite Project (DFS and Value Engineering Study completed and published)

• Proven Logistics: bulk sample delivered to port in 2017 means 260km logistics chain now proven

• Port Allocation Approved: at Pemba Port for 100,000tpa of graphite concentrate

• Huge Resource/Reserve Inventory:
»» Probable Ore Reserve 41.4Mt @ 8.8% TGC @ 4% TGC cut-off for a 30+year mine life
»» Indicated & Inferred Resource 105.9Mt @ 7.74% TGC @ 2.5% cut-off
»» Significant exploration potential

• Fast Development Timetable
»» Approvals expected in March Quarter 2018 – Construction started in early 2018
»» First shipment March Quarter 2019
»» Concentrate production of 50Ktpa @ 96.7% TGC

• Initial production of 45,000 – 50,000tpa of graphite concentrate growing to 100,000tpa.

• Low Capex of US$42.3M, lowest quartile Opex of US$337 per tonne.

• Short payback of less than 2 years

• Able to expand to 100ktpa:
»» US$25-29M for additional 45-50ktpa capacity

 

LATEST ANNOUNCEMENTS

CONTACT DETAILS

WEBSITE: www.batteryminerals.com

EMAIL:  info@batteryminerals.com

PHONE: +61 8 6148 1000

KEY FINANCIALS

TOP SHAREHOLDERS

Farjoy Pty Ltd.:
12.55%

Mitchell Group Holdings:
3.45%

BAS Investments Pty Ltd:
2.75%

Pacific Development Corporation:
2.00%

Top 20 Shareholders:
35.34%

 

TEAM

David Flanagan
Executive Chairman

Ben Van Roon
Chief Operating Officer

Andy Cardoso
Mozambique Country Director

Tony Walsh
Company Secretary & GM Corporate

Jeff Dawkins
Chief Financial Officer