Greenwing graphite project

Greenwing more than doubles Graphmada Mining Complex mineral resource, Madagascar

Greenwing Resources (ASX:GW1) reports a 212% increase in the graphite resource of Graphmada Mining Complex to 61.9 million tonnes at 4.5% fixed carbon (FC), with total contained graphite now greater than 2.7Mt.

Greenwing reports that the given the quantum of the new mineralisation discovered at its wholly owned Graphmada project located in Madagascar, means it is now reviewing the project development strategy, as part of ongoing feasibility studies.

Commenting on more than doubling the mineral resource, Chief Executive Officer Craig Lennon said: “This is a fantastic result, giving Greenwing the opportunity to potentially supply traditional industrial markets and the advanced materials market from our soft rock resource and the lithium battery anode market from our hard rock resource.

The lithium battery anode market is forecast to move into a structural deficit by mid-decade if not before, with end users looking to secure raw material for their strategic supply chains.

“We will continue our focus on completing feasibility studies, while actively looking for partners that can help advance the project”

“We will continue our focus on completing feasibility studies, while actively looking for partners that can help advance the project.”

The project contains large flake graphite mineralised within both the weathered profile (regolith) and underlying crystalline graphitic gneisses (hard rock), broadly coinciding with regional graphite mineralization trends.

Diamond and auger drilling have intersected the mineralisation, which is distributed broadly within the known mineralisation footprint and dips to the west at about 45 degrees, consisting of a broad profile that continues to depth.

The Graphmada Mining Complex is located near the town of Brickaville on the east coast of Madagascar, some 236km by road east of the capital Antananarivo.

Madagascar is a democratic island country in the Indian Ocean, off the south-east coast of Africa and is governed under a French legal system.

Images: Greenwing Resources Limited
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Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.