* During the initial geological reconnaissance program, a substantial zone of graphite gneiss was encountered exposed in a dirt road at Duwi to the east of Lilongwe within EPL0372. Detailed examination and mapping revealed that this area appeared to contain some of the highest visual grade graphite gneiss encountered to date within the CMGP.
* Continuous high grade mineralisation has now been identified over a cumulative strike length of greater than 24km.
* Mineralisation remains open along strike in a number of areas, and Heli-VTEM data indicates the potential for further significant extensions to this high-grade mineralised trend.
* Peak grade of 46.0% TGC.
* Average grade of samples using a low-cut of 10.0% TGC is 15.0% TGC. Average grade of samples using a low-cut of 7.5% TGC is 12.9% TGC
* The Duwi Prospect has dimensions of about 2.5km in length and on average, about 200m in surface width.
* The VTEM survey indicates additional graphite mineralisation should be present in a number of un-sampled areas. There is therefore a high likelihood that the high-grade mineralised area at Duwi will be expanded with further work.
* Duwi Trend also has excellent access to infrastructure. It is located just 16km east of the capital city, Lilongwe, and there is a high capacity power line directly crossing the prospect area (Figure 2). An operating rail line exists within 9km to the north and there is excellent road access to the site. Fresh water sources are abundant in the area.
SVM Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held
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