Montepuez redesign to save millions - Flanagan

A value engineering study on the Montepuez graphite project, in Mozambique, has found that the project’s capital costs could be cut from $126-million to $42.3-mllion, while operating costs could reduce from $422/t to $337/t. ASX-listed Battery Minerals told shareholders that the value engineering study, which was commissioned in May, found that the project would benefit from a series of key operating changes, with the capital costs savings stemming from a combination of a staged production ramp-up, smaller infrastructure footprint, a refined mine plan producing higher head grade, an owner-operator mining strategy, lower water consumption and increased recoveries.