The company has unveiled graphene test work results which illustrate that the graphite mineralisation at the project, that may be used to extract graphene of a quality comparable to synthetic graphene.

Metals of Africa tested three processes with a thermal method producing the best results. The company said the method is simple and scalable.

The test is part of company’s ongoing graphite evaluation process which will include lab analysis, petrology and metallurgy.

Resource definition drilling program at the project is expected to be completed by the end of next month.

Metals of Africa managing director Cherie Leeden said: "The fact that our graphite can produce both graphene oxide and graphene is extremely exciting.

"Laboratory tests have verified that the quality of our graphene is comparable to synthetically derived graphene, which is a very high value material with an ever increasing number of applications, particularly in the battery and energy space."

The Montepuez Central project is situated in Balama province in Cabo Delgado, Mozambique. The province hosts two of the world’s largest graphite deposits including the Balama and the Nicanda Hill.