AMN - TANZANIA: Graphex strengthens China relationships

Graphex Mining Ltd has updated its strategic partnership process with China Gold Group Investment Co and China National Building Material Group Corp (CNBM).

The key remaining work streams required to complete the partnership process include finalising China Gold and CNBM’S due diligence, negotiating the investment and offtake agreements, and securing the mining licence for the Chilalo graphite project.

A 500 kg representative sample of Chilalo ore was sent to China. The sample has been used for confirmatory test work.

The Chilalo Mining Licence application was lodged in June 2016 and is currently being managed by the Ministry for Energy and Minerals under its usual process.

Graphex management visited China in late July to advance commercial negotiations with China Gold and CNBM.

Graphex owns the world-class, coarse flake Chilalo graphite project in southeast Tanzania, which has emerged as an outstanding near-term development opportunity.

www.graphexmining.com.au

News courtesy of International Mining