Epanko ‘Life of Mine’ Special Mining Licence Granted Major milestone in the development of Epanko and a key requirement for the financing process
EcoGraf Limited (ASX: EGR; FSE: FMK) is pleased to announce the granting of a life-of-mine Epanko Graphite Project (Epanko or the Project) Special Mining Licence (SML) by the Government of the United Republic of Tanzania on 3 March 2025.
Key HighlightsSML provides certainty and is a key regulatory permit required in respect of the Epanko financing processSML733/2025 was granted on 3 March 2025 for 25 years
The mining area is almost doubled from 9.6 km2 to 18.9 km2
The SML expanded area covers a continuous 5.5 km strike length of the Epanko graphite deposit where widths of the orebody averages 200m wideFollowing signing of the Epanko Framework Agreement, the Government of Tanzania has undertaken a detailed evaluation of the Epanko development.
EcoGraf wishes to acknowledge and thank Her Excellency, the President of Tanzania, Dr Samia Suluhu Hassan and Minister of Minerals Hon Anthony Mavunde for the support and approving the grant of the SML733/2025.
The grant of the SML is a major milestone in the development of Epanko and a key requirement for the financing process to support the stage 1 development, which includes the 73,000 tpa graphite processing plant1. Fantastic news.
EGR Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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