Graphex Mining Limited is an Australian resources company listed on the Australian Securities Exchange under stock code GPX. Graphex owns the Chilalo Graphite Project, an outstanding development-ready opportunity, located in south-east Tanzania.
Chilalo Graphite Project
Chilalo is host to a high-grade Mineral Resource and Ore Reserve with a demonstrated ability to produce a large and jumbo premium graphite flake, possessing outstanding expandability characteristics, making it ideally suited to the rapidly growing expandable graphite market.
Graphex has entered into agreements with leading U.S. private investment firm Castlelake L.P. to raise up to US$80 million for the development, construction and ramp-up of its Chilalo Graphite Project. Details of the funding agreement with Castlelake are set out in an announcement dated 29 October 2018.
Graphex has an experienced board and management team with specific skills, and extensive experience, in African based project development, exploration, mining and processing. The Company has strong relationships with local communities and a well-established presence in Tanzania through its long history of exploration in the area surrounding Chilalo.