Ambatofafana (Graphite)

Preliminary exploration activities over the Ambatofafana Deposit have been underway since 2014 and results obtained from exploration work (including geological mapping and sampling), confirm that these prospects contain significant Regolith-Hosted Flake Graphite Mineralisation.

Geological mapping and outcrop sampling at the Ambatofafana prospect confirmed graphite mineralisation coinciding with at least two north-south historical mapped graphitic gneiss units and a historical graphite working. Outcrop samples results returned up to 11.0%GC. At the Ambatofafana graphite working, three continuous channel samples returned a weighted average of 5.3%GC over 3 metres.