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Nachu Graphite Project

The Nachu Graphite Project located in South East Tanzania is 100% owned by Magnis Resources Limited. The unique crystal structure and low impurities in the Nachu graphite mineralisation allow production of a premium product concentrate purity levels up to 99.6% TGC. This is firmly targeted at the rapidly growing lithium-ion battery sector. ORELOGY undertook the mining component of the previous Pre-Feasibility Study undertaken on Nachu and completed in March 2015. In March 2016 Orelogy were commissioned by Magnis Resources to complete mining component of the Bankable Feasibility Study. The BFS highlights the outstanding projected financial returns from NGP and demonstrates its low level of technical risk. The BFS delivers a post-tax NPV10% of US$1.69b and an internal rate of return (IRR) of 98%. Capital payback is projected within 14 months of first production.