EcoGraf (AU:EGR) has released an update.
EcoGraf Limited has announced a significant 110% increase in Proven Ore Reserves at its Epanko Graphite Project in Tanzania, with a notable 82% of total Ore Reserves now classified as Proven, promising enhanced project confidence and economics. The update, which reflects a 29% rise in contained graphite, supports an initial 18-year life of mine with potential for expansion, aligning with the company’s efficient ‘Oxide Ore first’ mining strategy and bolstering its debt financing prospects for the project’s development.
For further insights into AU:EGR stock, check out TipRanks’ Stock Analysis page.
