Montepuez Project

Battery Minerals is developing the Stage 1, circa 50,000tpa graphite flake concentrate Montepuez Project.  At the Stage 1 production profile, the mine will produce +12% TGC material for the first 18 years of a projected 86 year mine and stockpile reclaim life at an overall ore grade of 9.3% TGC.

The Company has also disclosed its intention to grow production to circa 100,000tpa through the execution of Montepuez Stage 2. While maintaining lower-quartile costs and supplying a high-value product through Montepuez Stages 1 and 2, the Company expects to deliver strong returns to investors and make a significant contribution to the local and national economy of Mozambique.

See below the results of the Montepuez DFS Released on 15 February 2017:

Battery Anode PFS and Montepuez Graphite Project DFS

See below the results of the Montepuez Value Engineering Study released on 18 October 2017:-

Restructure of Montepuez-will-Revolutionise-Economics

See below the results of the updated mine plan and Ore Reserve released on 4 December 2018:

Increase in Montepuez Graphite Reserve

Key Montepuez operating parameters are as follows:-