EcoGraf Limited (ASX:EGR) Grants Life-of-Mine Special Mining Licence
Special Mining Licence Granted
EcoGraf Limited (ASX:EGR) has been granted a life-of-mine Special Mining Licence (SML733/2025) by the Government of the United Republic of Tanzania on 3 March 2025. The licence, valid for 25 years, nearly doubles the mining area from 9.6 km² to 18.9 km², covering a 5.5 km strike length of the Epanko graphite deposit with average orebody widths of 200 meters.
Financing Secured
The company has mandated KfW IPEX-Bank to arrange import credit cover and a senior debt facility of up to US$105 million for constructing the Epanko Graphite Project. This financing supports the stage one development, including a 73,000 tpa graphite processing plant.
Project Expansion
The SML covers an updated Epanko Mineral Resource of 290.8Mt at 7.2% TGC, making it the largest development-ready graphite resource in Africa. Additionally, EcoGraf plans to develop a Mechanical Shaping Facility to produce spherical graphite, supporting the global electric mobility and clean energy storage markets.
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