Magnis Releases Maiden Mineral Resource for Nachu Graphite Project

Magnis Resources Ltd. (ASX:MNS) announced the maiden mineral resource estimate for its Tanzania-based Nachu graphite project, also noting that it’s on track to release a prefeasibility study for the project in December 2014.

Highlights include:

• Maiden Mineral Resource Estimate of 156 Mt at 5.2% graphitic carbon (Cg) at 3% Cg cut-off grade
• Mineral Resource is inclusive of a total of 104 Mt Measured and Indicated Mineral Resource
• 66% of Mineral Resource in Measured and Indicated Mineral Resource
• Mineral Resource contains over 8 Mt of contained graphite
• Mineral Resource from 2% of Nachu tenement land area
• Metallurgical results support the Nachu Graphite Project as being one of the largest deposits of Large and Jumbo flake graphite in the world

Click here to read the full Magnis Resources Ltd. (ASX:MNS) press release.