The company said Nachingwea has enormous potential with high grades of 60% graphite in earlier exploration work and initial metallurgical test results showing that graphite can be concentrated to above 98% content with single flotation circuit.
Graphite bearing hills have strike length of over 5km, width of up to 1.3km and rise 200m from the plains.
Syrah also found high grade coarse flake graphite in graphitic schists at many locations along two traverses of the hills on a recent reconnaissance field trip while a test work by
The mapping on 200m spaced traverses over the length of the range of the hills will determine the distribution and extent of potential graphitic schist and trenching will obtain surface samples across mineralized zones that will be sent to laboratories to determine chemical composition and the initial metallurgical characteristics of the graphite.
Syrah said it aims confirm that a saleable product can be extracted from the graphite before committing to the expensive exercise of drilling the deposit.
Syrah will earn 90% of Nachingwea by paying a total of $1.5m over 18 months while the balance 10% of the project can be purchased after a further payment of $3m.
Like the company’s flagship Balama Graphite Project in Mozambique, Syrah believes Nachingwea has the potential to be high tonnage, high grade, flake graphite projects.
Balama is mainly medium to coarse flake and Nachingwea is fine to coarse flake.
