EGR 3.57% 14.5¢ ecograf limited

Ann: Half Year Accounts, page-16

  1. 5,161 Posts.
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    Some excellent highlights by Andrew on p1 of the 1/2 yearly;

    "REVIEW OF OPERATIONS
    The Group’s exploration and corporate activities during the six months ended 31 December 2015 are detailed in the reports released to the ASX. Other than the ASX annoucements, there has been no other significant change in the operations of the Group.
    Significant Milestones:
    • Mining Licence Granted
    • Positive Scoping Study completed for Battery Grade Manufacturing Facility
    • Bankable Feasibility Study completed for Epanko Graphite Project confirming Economic Viability
    • Off-take Agreement with ThyssenKrupp signed for 20,000tpa of planned production
    • In-principle German Government Loan Guarantee (UFK) received for Debt Financing with German state-owned KfW IPEX Bank
    • Mineral Resource Estimate increase of 43% received for the Merelani East Graphite Deposit
    • Production Target for Epanko Graphite Project increased by 50% to 150,000tpa
    • Mandate Letter signed with KfW IPEX-Bank
    • Appointment of Mr Robert Pett as Non-Executive Chairman."

    All the best to holders

    Gracie
 
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