EQS-News: EcoGraf Limited: Epanko Pre-Development Program Delivers Outstanding Results
The issuer is solely responsible for the content of this announcement.
- The issuer is solely responsible for the content of this announcement.
- EcoGraf Limited (EcoGraf or the Company) (ASX: EGR; FSE: FMK; OTCQX: ECGFF) is pleased to report the results of its Epanko Graphite Project (‘Epanko’ or the ‘Project’) pre-development program and includes updated capital cost, operating cost, graphite pricing with all the material assumptions as detailed in the Bankable Feasibility Study (refer announcement dated 21 June 2017).
- Epanko is positioned to become a world class graphite project located in Tanzania with the recent signing of the Epanko Framework Agreement which positions the Company to secure financing for a Final Investment Decision for the Project.
- The results of the Epanko program position the Project to be a potential world class new graphite development, commencing with Stage 1 with the intention to expand and match the rapid growth forecast for battery graphite to support the global transition to clean energy.