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).
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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