“Whilst the existing Shimba resource is capable of supporting a 10 year mine life producing 69,000 tonnes of graphite concentrate per year, we expect this proposed exploration program will significantly increase the mineral resource and materially enhance the project’s economic outcomes via mine life extensions or production expansion opportunities.”
Negotiations with China National Building Material Group Corporation and China Gold Group Investment Co. Ltd with respect to offtake and finance for Chilalo are currently continuing in China.
GPX Price at posting:
47.0¢ Sentiment: Buy Disclosure: Held
