The Cobra Plains Project is located in northern Mozambique, within Neoproterozoic rocks of the Xixano Complex, only ~10km from Syrah’s Balama Graphite Mine and 230 km west by paved roads to the coastal port of Pemba on the Indian Ocean.

Cobra Plains is a globally significant graphite resource. The project comprises a JORC Compliant maiden-inferred Mineral Resource estimate (ASX 26 February 2014) of 103 Million Tonnes (Mt) at an average grade of 5.2%TGC, containing 5.7Mt of graphitic carbon.