43% of Mineral Resource estimate increased to higher JORC classification of Indicated Resource
Completion of Epanko BFS supports proceeding to complete a Pre-Feasibility Study (‘PFS’) for its 100% Merelani East Graphite Deposit
Terms of reference for PFS will evaluate replicating the Epanko plant and expansion plans
Metallurgical results demonstrate the Merelani East Graphite Deposit is premium quality
Graphite suitable for the battery market and exhibits extremely high crystallinity with an ash melting point of 1,451oC, ultra-high purity of 99.98%C and high flake distribution of 79.8% greater 106 micron
Offtake and sales interest received for Merelani graphite supports the Company’s view the graphite end market is seeking diversity in supply
Excellent access to infrastructure - 380km to Tanga port and 15km to grid power
Merelani-Arusha Graphite Project now registered with National Environmental Management Council
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