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South Star Battery Metals has provided a construction and permitting update for the Santa Cruz Graphite Mine in Brazil, confirming that Phase 1 construction is on schedule for commercial production by the end of 2023. The company has submitted all necessary documentation for environmental permits and mining licenses for Phases 2 and 3. The latest mineral resource estimate indicates 520,000 tonnes of contained graphite at an average grade of 2.4%, based on drilling completed in 2022. The deposits are favorable for open-pit mining due to at-surface mineralization and low strip ratios. Additionally, the BamaStar Graphite Project in Alabama has filed a NI 43-101 technical report demonstrating significant potential, with plans for a Preliminary Economic Assessment in Q1 2024.
South Star Battery Metals Corp. has completed its maiden diamond drilling program at the Ceylon Project in Alabama, consisting of 12 holes over 506 meters. The results confirmed significant mineralization with 324.5 meters and an average grade of 2.12% Cg. The drilling demonstrated consistent intervals of mineralization between 1.5% to 4.5% Cg, paving the way for a maiden NI 43-101 resource estimate scheduled for Q1 2023. The company also completed a 3-ton pilot testing program successfully, indicating strong potential for the project's commercial viability amidst growing demand for graphite.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBF) has submitted a Planned Economic Analysis and a request for a final mining license to the Brazilian Mining Authority for two additional claims, completing 7 of 13 claims at the Santa Cruz Graphite Project. This expansion aims to double the project's production capacity to 50,000 tonnes per year across three phases. Additionally, environmental consultants for Phase 2/3 permitting have been selected, with field work commencing in October 2022. A drilling campaign in Alabama is also underway, targeting a maiden resource estimate by Q1 2023.
South Star Battery Metals Corp. (TSXV: STS, OTCQB: STSBD) has contracted a drilling company for its maiden diamond drilling campaign in Alabama, starting September 2022. This program aims to drill 10-15 holes alongside various assessments and tests. Additionally, a geophysics contractor will conduct assessments at the Santa Cruz Mine in Brazil. Major deliverables include a maiden 43-101 Technical Report and resource estimate expected by Q1 2023, and further drilling campaigns in 2023. The CEO emphasized the importance of these initiatives for future production and resource expansion.