◢ AFRIMINTEL · decision layer

The decision view

Balama Graphite

Cabo Delgado Province, Mozambique · Graphite · Syrah Resources, via Twigg Exploration and Mining Limitada

Evidence depth: screened
Screened only. No study-level economics carried on this record.
Afrimintel states the evidence depth of all 159 assets on its bankability roster. 2 are fully-worked DCFs and 4 carry a complete study-level marker set; a further 9 carry headline study-grade markers only. 6 assets have their source documents preserved on this site, where 106 numeric figures verify against the document text and 9 are excluded and named because they cite a document not in the archive. See the full roster and what each tier means.

intelligence-gradeproducing

Need this asset checked for a live decision? A verified dossier is $1,850, fixed fee: every Sourced figure traced to the document it came from, the gaps listed, signed by the Editor-in-Chief. Ask about Balama Graphite ›

Hand-maintained under the contract suite (generator retired 7 Sep 2026) · dataset see manifest · record reviewed 2026-05-02 · machine-readable: /api/v1/deposits/balama-graphite.json · ⎙ print / save as PDF

Stage and status

DFI · investment house — what stage is the asset at, and what does its record hold?

Life-cycle stageproducing Derived
Operating statusRecovered from FM — sub-nameplate operation Sourced
Reserve scale (Probable)109.7 Mt @ 16.3% TGC Sourced ≈ 18 Mt contained Derived
Reserve basis (verbatim)100% project basis (17.9 Mt contained graphite)

Value anchors

advisory · corporate development — what does the record support?

Resource (M+I+I)1035 Mt @ 11.6% TGC Sourced
Resource basis (verbatim)100% project basis
Primary sourceSyrah Resources Reserves & Resources page (current as retrieved 2026-05-02); Q1 2026 update [Sourced 2026-05-02] Sourced
Comparables (Graphite-matched)none in the 25-set for this commodity · full screen Absent

Risk read

mining major · insurer — what is the exposure?

Ownership structureSyrah-controlled via Twigg; no verified change of control during force majeure period Sourced
Recent events (record, newest last — tail shown)… management proposal (potential conversion of part of Balama loan into Syrah equity + convertible loan note + new-money support); offtakes: Posco Future M binding Mar 2024, PT Indonesia New Energy Materials 10 kt Apr 2024 Sourced

What this record does not yet support — disclosed, not estimated