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BAT - Battery Minerals

System

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Metals of Africa Limited (MTA) has entered into an agreement to acquire 100% of the mining rights to Rio Mazoe Base Metal Project located in Tete Province in central west Mozambique, Africa.

http://www.metalsofafrica.com.au
 

System

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On December 30th, 2016, Metals of Africa Limited (MTA) changed its name and ASX code to Battery Minerals Limited (BAT).
 

greggles

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Battery Minerals announced this morning that it now has 80% of graphite production covered by sales contracts after signing a fourth binding off-take agreement.

The latest agreement, with specialist spherical graphite and anode production company Qingdao Keshuo New Materials Technology Co. Ltd, is for 10,000 tonnes a year of graphite concentrate over an initial term of three years.

The company is now moving rapidly towards development and production at its Montepuez graphite project in Mozambique and they are expected to be in production by December 2018 and complete their first shipment in the March Quarter of 2019.

The BAT share price is up 1.5c to 8.5c so far today, a 21.43% gain on Friday's close.
 

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