Mabwe Minerals, a
Raptor Resources Holdings subsidiary, is focused on the logistics, mining, and
commercial sale of barite and other minerals in Zimbabwe. Primary operations
are now at Dodge Mine, located on a rich hydrothermal mountain range of 233
hectacres, which is bearing not only superior-grade barite, but also abundant
limestone and talc. The property additionally contains widespread gossan
deposits which indicate the potential presence of copper, zinc, nickel, and
gold.
Gravity mapping of
Dodge Mine reveals extensive barite deposits across the project, along with
other key minerals that have yet to be announced. Samples of white barite
scored 97.25% pure barium sulfate (BaSO4) with pink/brown barite samples
scoring 95.5%. The Dodge Mine barite is of world-class quality, due to its high
percentage content of barium sulfate with a specific gravity of 4.5 g/cm3, and
it covers a wide range of applications.
The primary consumer
for barite is the oil and gas drilling sector, accounting for some 70% to 80%
of supply per year, where it is utilized as a weighting agent in drilling
fluids, which help prevent well blowouts and/or shaft collapses. Dodge Mine has
some of the best American Petroleum Institute (API)-grade barite on earth,
helping to cover the market demand for these agents. The abundant barite
discovered at Dodge Mine addresses the worldwide shortages for barite, while
immediately serving development of the huge new oil discoveries off the coast
of neighboring Mozambique.
Dodge Mine is also
host to some exceptional, higher grade barite types that will fetch top dollar
in the automotive, medical, and paint additive sectors, as well as niche
markets in heavy-duty concrete. Together with its experienced strategic
partners, Mabwe Minerals is mining an incredible resource at Dodge Mine, which
has brought a new commercial source of barite to a market that continues to
face growing worldwide shortages.
For more information
about Mabwe Minerals and the Dodge Mine project, visit www.mabweminerals.com
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