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Uranex Limited discovers graphite in Northern Tanzania

Last updated: 12:10 11 Dec 2012 AEDT, First published: 11:10 11 Dec 2012 AEDT

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Uranex Limited (ASX: UNX) has unearthed a graphite discovery with a large fraction of flake graphite exceeding 1 centimetre in length in Northern Tanzania.

The location of the outcropping graphite occurrence is in the centre of a consistent trend of a metamorphic rock sequence outcropping for 3 kilometres.

Uranex said that the schists do not outcrop along this entire strike length due to its high erodability, and added that since the more resistant rock units do outcrop, then there is potential that the trend of schist does as well.

The analytical results from the submitted samples are still pending, which will then provide additional information for a follow-up exploration program to be developed.


Discovery team

This graphite occurrence was discovered by the Uranex geology team, who recently undertook exploration on the tenement, including dry stream sampling, as part of the regional exploration program being conducted across all Uranex tenements in Tanzania.

Uranex has also identified other indications of mineralisation at the company's tenements in the country, with targets now identified for uranium, coal, graphite, gold and base metals.

 

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