EcoGraf Limited (ASX: EGR)
EcoGraf Limited (ASX: EGR), on 24 March 2025, announced progress in the development of its TanzGraphite Mechanical Shaping Facility in Ifakara, Tanzania. The completion of an Independent Engineering Study confirms the facility's capacity to process 20,000 tonnes per annum of flake graphite, achieving a spherical graphite yield of over 60%. The projected construction cost is US$58.6 million, with an expected operating cost of US$419 per tonne, bolstered by advantageous power and transport conditions in Tanzania. Moreover, there is potential for an Export Processing Zone designation, offering corporate tax exemptions for the initial ten years. The facility will convert high-quality flake graphite from the Epanko operation into battery-grade anode material, supporting the growing electric vehicle market.
EcoGraf has finalized an extensive Environmental and Social Management Plan (ESMP) in compliance with international standards, including the Equator Principles and the Global Industry Standard on Tailings Management. This planning update has been reviewed by independent consultants to meet financing requirements. The company has received government approval for its Resettlement Action Plan, which includes compensation schedules, and completed a medical dispensary for community support. These efforts illustrate EcoGraf’s promise to sustainable development and high environmental standards, paving the way for the successful advancement of the Epanko Graphite Project.
EcoGraf has involved KfW IPEX-Bank to secure funding for the construction of Epanko, potentially accessing up to US$105 million. This financial backing will enhance the project's viability, especially as it aligns with German government initiatives to promote critical mineral supplies. The project boasts a substantial mineral resource of 290.8 million tonnes at 7.2% total graphitic carbon, ensuring a long-term and environmentally responsible supply of graphite for global markets.
Titan Minerals Ltd (ASX: TTM)
Titan Minerals Ltd (ASX: TTM) is placed as a promising near-term gold developer with substantial funding secured, targeting a resource of over 5 million ounces of gold. The company has established a significant resource of 3.1 million ounces of gold and 22 million ounces of silver at its Dynasty Gold Project, located within a 9-kilometer epithermal gold corridor. This project features high-grade resources, with over 50% of the gold concentrated within the top 100 meters, highlighting the potential for further exploration and resource upgrades anticipated in mid-2025.
Titan Minerals Ltd projects are further enhanced by the recent identification of new copper porphyry targets, which have been revealed through large-scale soil anomalies and surface mapping. These findings indicate promising mineralization and potential for significant copper discoveries. The Linderos Copper Project, in collaboration with Hancock Prospecting, sees the latter investing up to US$120 million to earn an 80% stake, allowing Titan to remain free-carried until this threshold is met. Drilling campaigns are currently underway, with results expected soon, bolstering the company's exploration activities.
Through gold and silver prices reaching historic highs, Titan’s valuation seems significantly undervalued. The enterprise value per ounce for its established gold resource stands at approximately US$22, while the silver resource has not been assigned any value. As the gold price surged from US$1,600 to over US$3,100 per ounce since the resource publication in July 2023, Titan Minerals Limited is poised for a substantial re-rating. The strategic partnerships and ongoing exploration efforts are set to deliver key milestones in 2025, reinforcing Titan's potential as a leading player in the mining sector.
(Source: Company's Report)
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