is a gold play put have still options in GraphiteChilaloThe...

is a gold play put have still options in Graphite

Chilalo

The future for Chilalo Graphite
• The following slide (from GPX) summarises the state of affairs for Chilalo. All liabilities have been securely
ring-fenced within a separate company “Graphex Mining UK No. 1”.
• Graphex is now committed to completing a transaction on Chilalo. In our view, Chilalo is a quality large flake
graphite project, perhaps over-engineered (at the request of financiers) and unfortunately located in Tanzania
(now an investment basket case).
• For new GPX/MVL shareholders, in our view there is only upside from Chilalo. For previous GPX shareholders
(and analysts), it is a lesson learned.