Graphex Mining Limited (ASX: GPX) – $0.320

14 Nov 2016

Graphex Mining Limited (ASX: GPX) has been granted a Mining Licence for the Chilalo Graphite Project located in southeast Tanzania (Figure 1).

 

gpx-chilalo-graphite

Figure 1. Location of the Chilalo Graphite Project in southeast Tanzania

 

 

The Mining Licence (ML/00604/2016) covers an area of 10km2 and has been granted for a period of ten years and represents completion of the remaining regulatory approvals for the development of the Chilalo Graphite Project.

 

Chilalo is host to a high grade mineral resource with the demonstrated ability to produce premium graphite concentrate with a portion of large and jumbo flake material.

 

 

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