IMX confirms Chilalo basics
PERTH (miningweekly.com) – A high level study into ASX-listed IMX Resource’s Chilalo graphite project, in Tanzania, has confirmed that the project meets the criteria for a successful operation.
“The high level study confirms the Chilalo graphite project presents a near-term development opportunity and supports our decision to start a prefeasibility study focused on a smaller-scale operation in the order of between 25 000 t/y and 50 000 t/y graphite concentrate,” said IMX CEO Phil Hoskins.
The project is estimated to host an inferred mineral resource of some 7.4-million tonnes, grading 10.7% graphitic carbon, for 792 000 t of contained graphite.
The study concluded that the project had access to important existing infrastructure, including a commercial deep-water port, water supply and access to a regional power grid.
"The positive study outcome, coupled with the recent memorandum of understanding (MoU) with China-Base Ningbo, has laid the foundations for a successful graphite project in Chilalo,” said Hoskins.
He added that with funding flowing from the Fig Tree joint venture, as well as the recently concluded capital raising, IMX was in a strong position to rapidly advance the project.
The April MoU would allow the two companies to execute a binding offtake agreement for at least 25 000 t/y, over a five-year period, once the feasibility work on the Chilalo project had been completed.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.
VISIT SHOWROOM
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
