EcoGraf’s Epanko Project Sees Major Reserve Boost

EcoGraf (AU:EGR) has released an update.

EcoGraf Limited has announced a significant 110% increase in Proven Ore Reserves at its Epanko Graphite Project in Tanzania, with a notable 82% of total Ore Reserves now classified as Proven, promising enhanced project confidence and economics. The update, which reflects a 29% rise in contained graphite, supports an initial 18-year life of mine with potential for expansion, aligning with the company’s efficient ‘Oxide Ore first’ mining strategy and bolstering its debt financing prospects for the project’s development.

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