JdV laying it out in black and white for all to take note of -...

JdV laying it out in black and white for all to take note of -

Grid power will provide Mahenge Graphite Project with a massive multiplier effect through:
– Low-cost sustainable power which should lock in our position in the lowest quartile of the cost curve;
– Low carbon which will differentiate our product in key consumer markets; and
– The provision of reliable power for the Ulanga and Mahenge areas, driving the win-win relationship developed under our government Framework Agreement and ratified by the Special Mining Licence.

This MOU follows recent stakeholder discussions and presentations in Tanzania as part of a whole of Government workshop forum which focused on collaboration to achieve key outcomes for the Mahenge Graphite Mine operation.

Critically, as we navigate the debt and equity finance process, investors should look at this outcome and gain confidence that Black Rock and Faru are focused on our long-term plan to deliver a world-class, sustainable and responsible graphite project at Mahenge.”