The Ancuabe graphite processing plant is owned by a company called AMG. TON have taken out exploration leases all around it but AMG have taken out a 15 year lease extension on the existing mining leases attached to the plant. It is expected that these existing mining leases only have about 6 years supply left. The plant will produce approx. 6,000 tonnes of graphite concentrate p.a. Clearly there are opportunities for TON and AMG to get together (like they did with Grafex Limitada) with potential to scale up the AMG plant. Interesting times !
TON Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held
