Tanzania’s Chilalo Graphite Mine Project Construction Decision by H2 2022

On 24th January 2022, the Australian mining company Evolution Energy Minerals (ASX:EV1) who owns a prospecting license for the Chilalo Graphite Project, has appointed Mr. Phil Hoskins as Managing Director.

The appointment is part of a management restructure that sees Mr. Trevor Benson move from Executive Chair to Non-Executive Chair.

Commenting on the Chilalo Project, Phil Hoskins said: “The project is an advanced quality asset that is supported by a team with considerable graphite marketing, financing, and project delivery experience. Chilalo is strongly positioned for development, and I look forward to working alongside Trevor as we drive towards a construction decision by July 2022.”

This is why the company’s key focus is on completing the work required to allow for a construction decision by H2 2022.

Michael Bourguignon, Evolution’s Executive Director, Technical, will continue to manage project development, on-the-ground activities in Tanzania, and implementation of the company’s environmental, social and governance program.

Chilalo Graphite Mine Project

The Chilalo graphite project is located in southeast Tanzania, within the Mozambique belt, which is well known for hosting some of the world’s highest grade and coarse flake graphite deposits.

The Chilalo Project hosts a high-grade mineral resource of 20.1Mt at 9.9% total graphitic carbon (TGC) for 1,991 Kt of contained graphite, as shown in the table below.

On 17th January 2022, Evolution announced that following a period of engagement with the Government of Tanzania, prospecting license PL 11034/2017 has been confirmed to be in good standing subsequent to lodgement of a renewal application during 2021.