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Graphex Mining announces PFS for Chilalo project updates in Southeast Tanzania

Mining News - Published on Tue, 25 Sep 2018

Image Source: Tanzania Invest
Graphex Mining released an updated prefeasibility study (PFS) for its Chilalo graphite project in Southeast Tanzania. The company is approaching Chilalo with a two-stage production scenario, which would see stage 1 produce about 58,000 tonnes of graphite product each year during the first two years of operation. Stage 2 would be an expansion beginning in the third year, and would see the asset produce around 104,000 tonnes of graphite product each year for 4.3 years. Stage 1 is expected to cost USD 43.6 million in pre-production capital expenditure, while stage 2 is docketed at USD 32.5 million. The latter is anticipated to be funded from free cashflow.

Also part of the updated PFS is a proposal for a high-grade open-pit operation and a plant for comminution and flotation processing. The graphite product would be transported to and shipped from the Mtwara Port, approximately 220 kilometers from Chilalo.

The study features two avenues for the company, an ore reserve case based solely on current ore reserves, and an increased life-of-mine (LOM) case that includes inferred resources. While the ore reserve case presents a mine life of 6.3 years, the LOM case could see that boosted to 8.5 years.

Similarly, the ore case’s average annual production is estimated to hit 91,000 tonnes per annum (tpa) with a plant feed rate of 831,000 tpa, while the LOM case is closer to 93,000 tpa with a plant feed rate of 883,000 tpa.

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Posted By : Rabi Wangkhem on Tue, 25 Sep 2018
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