Ann: Tanzanian Update on Nachu Graphite Project, page-77

About 28c worth of clarification in that announcement Robbo,

You get what u pay for I guess.

Nothing of note beyond referral back to initial EPZA notice, other than potted history of Nachu SEZ.
"In the Company’s view, this published statement clarified the licence approval."

Certainly no clarification or comments on EZPA's concerns regarding formal media reports of "grossly distorted and grossly misrepresented the facts".

Obviously, biggest news by far, some would say an Investor Relations "exclusive" is point 6.

"Following the legislation changes to Acts relevant to the mining industry, the GOT has announced a ban on the export of unprocessed mineral concentrates which includes graphite concentrates."

Apparently, according to Investor Relations, "graphite concentrates" are a subset of "unprocessed mineral concentrates". Which, logically would mean even processed graphite concentrates above 95%+ are banned from export as "unprocessed".

This is huge news from Travis, and on face value, a disaster for all ASX Tanzanian graphite juniors intending to export graphite 95%+ concentrate. Presumably they all should be in TH by tomorrow morning, awaiting confirmation of the apocalypse from newly formed Mining Commission.

So why no comment today on prohibition of Nachu as source for "unprocessed" 97% processed concentrate to World Group subsidiary. Would seems directly at odds with point 6 to omit this and obviously material to BFS 240ktpa economics.
Recall Magnis BFS includes around 100ktpa of 97%+ non-battery concentrate in Jumbo/Super Jumbo categories. Some included in sales agreement last year.

25,000 TPA GRAPHITE SALES AGREEMENT SIGNED WITH MAJOR EUROPEAN GROUP
"The Agreement signed for 25,000 tonnes per annum of flake graphite consisting of 15,000 tonnes per annum of Super Jumbo (+500 microns) at 97-99%TGC purity and 10,000 tonnes per annum of Jumbo (+300microns) at a purity of 97.5% - 99.5%TGC. Under the agreement, Magnis can source the graphite from its Nachu project, as well as from other mines that produce graphite based on the above specifications."



Of course, there is the possibility that any mis-wording produces wildly inaccurate conclusions.
For example, this phrasing used in same announcement:
"The Company would normally not respond to the false misinformation"

"False misinformation" eh?
Sounds logically equal to "true information" or simply "information".
Probably need to clarify that one along with World Group concentrate sourcing.

All a bit ironic in an announcement designed to clarify EPZA concerns regarding "grossly distorted and grossly misrepresented the facts".

Guess it's got everyone talking about something else for awhile....