Metals of Africa delays Mozambique graphite study

ASX-listed junior Metals of Africa has pushed back the completion date of the definitive feasibility study (DFS) on its Montepuez flake graphite operation, in Mozambique, from December 2016 to the first quarter of 2017. The company told shareholders on Wednesday that while it was disappointed with the delay, the additional time provided Metals of Africa with an opportunity to include a spherical graphite prefeasibility study (PFS) with the release of the DFS.