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Battery Minerals targets cash raiser as drilling starts at Balama Central Graphite Project

Published: 09:59 17 Nov 2017 AEDT

Battery Minerals Ltd
The company's shares are in pre-open

Battery Minerals Ltd (ASX:BAT) recently commenced an infill drilling program at the Balama Central Graphite Project in Mozambique.

The program aims to convert a portion of the Inferred Resource of 7.4 million tonnes at 11.8% total graphitic carbon to the higher confidence Indicated category.

To advance the next steps, the company is heading to market with a capital raising, and the ASX has granted a trading halt.

The halt will remain in place until the opening of trade on Tuesday 21st November 2017, or earlier if an announcement is made to the market.

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