Pioneering graphite discovery in Botswana
"The global graphite market projected to be valued at around USD 27.03 billion by 2025. Furthermore, global graphite demand is anticipated to grow at remarkable pace at a CAGR of 6.3%." - Adroid Market Research, May 2019
Graphite finds numerous applications in refractories, steel making, foundries, as lubricating agent among many others. Presently, usage of graphite in car batteries for electric and hybrid electric vehicles is estimated to significantly boost the demand for graphite over the forecast period.
"Africa provides a potential source of low-cost production as China's own mining costs continue to rise with increasing labour, energy, and environmental costs. China has a recent history of investing in Africa in other mining sectors and is investing heavily in infrastructure projects across the continent," - Roskill, January 2019
Tonota has been focussed on developing its World class deposit into one of the best quality Graphite Resources in the World.
With a confirmed 20km of graphite mineralisation out of a potential 100km, Tonota is shaping up to be amongst the largest deposits amongst global players.
Over 75% of Tonota's graphite is in the high-value Large, Jumbo and Super Jumbo flake size, along with excellent purity, the project will be able to supply the booming electric vehicle (EV) and expandable graphite markets for a significant length of time.
Inferred JORC (2012) Resource
69.9Mt @ 8.82% TGC
5.9Mt Contained Graphite
400 - 500Mt @ 8.0% TGC
Commencement of Infill Drilling and Scoping Study to begin Q4 2019 - Q1 2020
High Flake Size, Excellent Purity
Independent quality teting on Tonota's graphite have proven the majority of deposit can achieve battery-grade flake size and purity.