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DNI Metals Completes Purchase of a 2nd Graphite Property in Madagascar
Oct. 25, 2017 08:53AM PST
Battery MetalsDNI Metals (CSE: DNI) (OTC Pink: DMNKF) The new property, Madagascar claim number PE8904 (the ‘Marofody’ project), is a permit that allows for production, is good for 40 years, and can be extended. With the addition of the new claims, DNI will have a contiguous mining tenement package comprising over 100 square kms. Madagascar is known for …
DNI Metals (CSE: DNI) (OTC Pink: DMNKF) The new property, Madagascar claim number PE8904 (the ‘Marofody’ project), is a permit that allows for production, is good for 40 years, and can be extended.
With the addition of the new claims, DNI will have a contiguous mining tenement package comprising over 100 square kms.
Madagascar is known for large flake and high quality graphite; the vast majority of which is sourced from the central-eastern coastal area between Toamasina and Brickaville. The project lies in a well-defined graphitic belt, which has been producing for over 50 years.
Both claim packages have historical mine workings on them.
Infrastructure can be the key to any project. It is a significant advantage that the claims are 50kms by paved highway from Madagascar’s main operating port at Toamasina.