Vatomina Project - For flake graphite mining and processing project
The project was acquired from TCCPL in May 2017 along with the team, technology, project plans and brand values. It has a 25 km2 permit area with mining permits issued for 40 years and renewable. It is being developed to a total production capacity of 60,000 TPA in modules (3X18000) by 2021. The first module of 6000 TPA is under development and shall start supplying by Q2 2019.
The company has carried out multiple activities for development of the project:
- Drilling of 65 holes completed at an operating cost of c. $25/m
- JORC CPR to be released in Q2 2019
- Exploratory mining and metallurgical tests completed.
- Resource upside potential on both lateral and vertical axis