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Graphex Mining Ltd.

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Summary

Project:

Chilalo

Deposit:Chilalo
Location:Tanzania
Commodities:Graphite
Date:1/29/2020
Report Code:JORC
Report Type:Feasibility Study
Project Stage:Pursuing Resource Increase/Upgrade
Report details:29-1-2020: Graphex Mining Ltd. announces a Feasibility Study report for its Chilalo deposit at the Chilalo project. DFS results incl. post-tax NPV (8%) of US$331M, IRR of 36%. Graphex Mining Limited (ASX: GPX) (‘Graphex’ or the ‘Company’) is pleased to an
Resources:(Reserve, Prob.): 9.2Mt @ 9.9% TGC
CP/QP:[Overall Report]: Karl van Olden (CSA Global Pty Ltd.)
ABSTRACT:Graphex Mining Limited (ASX: GPX) (‘Graphex’ or the ‘Company’) is pleased to announce the results of the Definitive Feasibility Study (‘DFS’) for its Chilalo Graphite Project (‘Chilalo’ or the ‘Project’), located in south-east Tanzania. The DFS has been prepared to a bankable standard to support a decision to mine and finance. It is underpinned by updated and detailed assumptions including pricing, product qualification timeframes, production and sales ramp-up. The results demonstrate that the Chilalo Project has strong margins with a significant near-term value-add market opportunity. The DFS reflects Graphex positioning itself as a vertically integrated manufacturer of high-value graphite products, as opposed to purely a graphite mining company.

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