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Metals Of Africa Shares Double On Mozambique Graphite

Metals of Africa (ASX:MTA) shares have gone vertical due to its new graphite landholdings close to Syrah Resources(ASX:SYR) and Triton Minerals (ASX:TON) in Mozambique, compounded by its still very modest market cap of $13 million.

Syrah Resources (ASX:SYR) shares are in a trading halt today following media reports of a $2 billion takeover offer from Swiss mining giant Glencore.

Investor capital is now flowing in to MTA for exposure, with graphite tenements along strike from Syrah.

Glencore, one of the largest vanadium producers in the world, is reportedly looking to secure a larger vanadium footprint. Syrah's Balama also contains significant levels of vanadium.

MTA is by far the lowest capitalised ASX-listed graphite explorer in the region. Syrah is valued at $700 million, and Triton at $130 million.

MTA begins exploration on its tenements this month, and the market's excitement is palpable.

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