Baobab announces test results

Baobab Resources plc has announced the interim results of metallurgical test work being carried out on vanadiferous titano-magnetite ore from the Massamba Group prospects within its Tete project in Mozambique. The Tete project is located immediately north of the Provincial capital of Tete and comprises three contiguous Exploration Licences that straddle the central portion of the Tete Mafic Complex, covering an area of approximately 632km2. The licences contain 5 known vanadiferous titano-magnetite deposits: Singore, located approximately 30km due north of Tete; and the cluster of prospects known collectively as the Massamba Group, located 55km north-northeast of Tete. Rock chip sampling from Massamba Group returned average grades of 49% Fe, 21% TiO2 and 0.3% V. The results show concentrate grades of titanium (<9%), silica (0.5%) and other deleterious elements. At current market prices, the value per tonne of concentrate is estimated at USD 80 iron plus vanadium credits. It has also been discovered that non-magnetic residue containing 22% titanium may be a marketable byproduct. Stage 2 beneficiation test work is underway. The Tete project has close proximity to infrastructure, including hydroelectric power and a railway linking the area with the port of Beira.
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