Graphex MD outlines plans for Tanzania graphite project

June 14, 2016

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The MD of ASX newcomer Graphex Mining, Phil Hoskens, on Tuesday outlined plans for the Chilalo graphite project, in Tanzania, telling shareholders that discussion were being advanced to secure an offtake deal and to finalise funding.
He said that the IMX Resources spin-off, which made a successful debut on the ASX on Tuesday, was confident of being able to conclude a binding transaction for offtake and financing with China Gold and China National Building Materials (CNBM) “within months of listing”.

Category: General