For thousands of other reports visit RSC's Mineral Intellingence Map
Graphex Mining Ltd.
Summary
| Project: | Chilalo | |
|---|---|---|
| Deposit: | Chilalo | |
| Location: | Tanzania | |
| Commodities: | Graphite | |
| Date: | 9/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-9-2018: Graphex Mining Ltd. announces a Pre-Feasibility Study report for its Chilalo deposit at the Chilalo project. PFS results incl. post-tax NPV of US $273M (10%), IRR of 130%, 8.5yr LOM at the project. Graphex Mining Limited (ASX: GPX) (‘Graphex’ o | |
| Resources: | (Reserve, Prob.): 5.3Mt @ 10.9% TGC for 576Kt Graphite contained | |
| CP/QP: | [Overall Report]: David Pass (BatteryLimits) | |
| ABSTRACT: | Graphex Mining Limited (ASX: GPX) (‘Graphex’ or the ‘Company’) is pleased to announce the results of the updated pre-feasibility study (‘Updated PFS’) for its Chilalo Graphite Project located in south-east Tanzania. The results of the Updated PFS confirm that Chilalo is a high quality, high margin graphite project and demonstrates significant improvements in Project economics compared to the PFS completed in 2015 (‘2015 PFS’). With a Mining Licence and key permits in place, Chilalo is strongly positioned for development subject to resolution of outstanding issues with the Tanzanian legislation and completion of funding arrangements. The Company’s Managing Director Mr Phil Hoskins commented, “Following substantial improvements to Chilalo’s product specifications and the continued strength in coarse flake graphite pricing, the economic outcomes of this study are compelling. Completion of the Updated PFS represents an important milestone towards an investment decision by potential financiers, who have identified Chilalo as an outstanding project in the graphite sector. “Our efforts remain firmly focused on meeting the due diligence requirements of the financier and continuing to work with the Tanzanian Government to address key legislative and regulatory issues.” The Updated PFS assesses a two-stage production scenario, under which stage 1 would produce approximately 58,000 tonnes of graphite product per year for the first two years of operation (‘Stage 1’) and a stage 2 expansion to commence operation in Year 3 that would produce approximately 108,000 tonnes of graphite product per year (‘Stage 2’). Whilst the Company is confident in its ability to sell 108,000 tonnes per annum of Chilalo graphite from the beginning of the Project, it has chosen a staged approach to minimise upfront capital. This approach is expected to maximise value for existing shareholders. The Updated PFS proposes a high-grade open-pit operation and a plant that applies simple comminution and flotation processing. Graphite product will be transported to and shipped from the deep water commercial port of Mtwara, which is located approximately 220 km by road from Chilalo, the majority of which is a sealed main road. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report