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EcoGraf ( (AU:EGR) ) has provided an announcement.
EcoGraf has completed an updated bankable feasibility study for its Epanko Graphite Project in Tanzania, confirming a 73,000 tpa operation for the first 15 years underpinned by upgraded ore reserves and robust economics, including a pre-tax NPV of US$516 million and an IRR of 31.1%. The study, independently reviewed to meet international financing and tailings standards, underpins advanced debt financing efforts led by KfW IPEX-Bank, supports existing and planned offtake agreements covering most of initial output, and positions Epanko as a low-cost, large-scale graphite supplier to ex-China markets and the fast-growing battery sector, with staged expansion potential to 390,000 tpa tied to EcoGraf’s global HFfree® anode materials strategy.
The most recent analyst rating on (AU:EGR) stock is a Sell with a A$0.39 price target. To see the full list of analyst forecasts on EcoGraf stock, see the AU:EGR Stock Forecast page.
More about EcoGraf
EcoGraf Limited is an Australian graphite developer focused on the Epanko Graphite Project in Tanzania and an integrated HFfree® battery anode materials business. The company targets the growing ex-China graphite market and lithium-ion battery supply chains, with planned midstream processing in Tanzania and downstream purification facilities in North America, Europe and Asia.
Average Trading Volume: 331,201
Technical Sentiment Signal: Buy
Current Market Cap: A$170.8M
For detailed information about EGR stock, go to TipRanks’ Stock Analysis page.