Chilalo graphite project, Tanzania
Name and Location
Chilalo graphite project, Tanzania.
Client
IMX Resources.
Project Description
A high-level study on Chilalo has concluded that the project has the criteria for a successful graphite operation.
The study has indicated that the project has high-grade mineral resources of 7.4-million tonnes grading 10.7% terragrams of carbon for 792 000 t of contained graphite for the project’s Shimba deposit. The project also has excellent metallurgical characteristics, with initial testwork results showing a significant proportion of high-value large and jumbo flake material, as well as the capacity to produce a high-quality concentrate from basic flotation.
Net Present Value/Internal Rate of Return
Still to be determined.
Value
Still to be determined.
Duration
Still to be determined.
Latest Developments
The positive study outcome, together with the memorandum of understanding signed with China-Base Ningbo, has laid the foundations for a successful graphite project.
IMX says, with the funding now in place, and the company’s recent capital raising, it is in a strong position to rapidly advance the project to the prefeasibility study stage that will focus on a small-scale 25 000 t/y to 50 000 t/y operation.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
IMX Resources, tel +61 8 9388 7877, fax +61 8 9382 2399 or email info@imxresources.com.au.
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