Graphite in Africa: Madagascar, Mozambique, Namibia and Tanzania...

Graphite in Africa: Madagascar, Mozambique, Namibia and Tanzania
http://investingnews.com/daily/reso...gascar-mozambique-namibia-tanzania-energizer/

A slew of companies are making progress exploring and mining for graphite in Africa.
Here's a brief overview.
Charlotte McLeod • November 11, 2015

Tesla Motors has expressed an interest in sourcing graphite for its lithium-ion battery gigafactory from North America, and as a result, many investors are excited about companies focused on that region.

However, North America isn’t the only place graphite can be found, and companies are seeking out deposits in other locales as well. In particular, graphite in Africa is attracting interest, with Madagascar, Mozambique, Namibia and Tanzania in particular enjoying attention. With that in mind, the Investing News Network has put together a brief overview of companies exploring for graphite in those countries. Read on to find out what’s got them excited.

Graphite in Africa: Madagascar

DNI Metals (TSXV http://www.noadvertising.com.au//images/emoticons/icon_biggrin.gifNI) — DNI Metals is developing its Madagascar-based Vohitsara project, which recently received a full mining permit; development of a NI 43-101 compliant resource is currently underway. The company also has a wholesale graphite trading division and recently signed a non-binding letter of intent to acquire a fully operational commercial laboratory that’s capable of analyzing graphite ores.

Energizer Resources (TSX:EGZ) — Energizer Resources is developing its feasibility-stage Molo graphite project in Southern Madagascar. The company has put out a slew of press releases this year on potential uses for graphite from the project, and most recently reported that independent testing by various third parties shows that it meets or exceeds “quality requirements for all major end-markets for natural flake graphite.”

Malagasy Minerals (ASX:MGY) — Malagasy Minerals holds the Maniry graphite project in Southern Madagascar, and completed a maiden diamond drill program on four targets there earlier this year. However, the company recently announced plans to acquire Greenmount Resources, noting that assets including Maniry will be folded off into a new company.

Stratmin Global Resources (LSE:STGR) — London-listed Stratmin holds two long-term mining licenses in Madagascar: Loharno and Antsirabe. It announced in October the completion of a successful test month of 24-hour production at Loharno, noting that production volume met all targets. Bass Metals (ASX:BSM) is currently working to earn up to a 35-percent stake in Loharno.