Battery Minerals sits on $10bn worth of vanadium in Mozambique

Date: Sep 3, 2018

Graphite developer Battery Minerals is looking at ways to exploit the near $10-billion worth of vanadium contained in its assets in Mozambique.

Battery Minerals MD David Flanagan on Friday told delegates at the Africa Downunder conference that the tailings that would be produced from its Montepuez and Balama graphite projects, was expected to contain significant amounts of vanadium resource.

The Stage 1 Montepuez project, which would produce 50 000 t/y of graphite, is expected to discharge between $30-million to $35-million worth of vanadium a year, in the form of tailings material.
“The company is working to establish how we can recover some of that vanadium, but for the time being it will be stored in the tailings dam. It is likely to be a very valuable resource,” Flanagan said on Friday.

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