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ADU PReVIeW

The evolution

of Chilalo

ew people are better placed to judge how completely done a 180 and we’re now on
Fmuch the world has changed for Tanza- the cusp of signing our framework agree-
nian graphite developers over the past two ment with the Tanzanian Government, as
years than Evolution Energy Minerals Ltd we’re seeing with other developers in simi-
(EV1) managing director Phil Hoskins. lar positions, and I’ll proudly be putting that
With EV1 all but certain to commit to de- document in front of project financiers to
veloping its flagship Chilalo project as early demonstrate the absolute clarity we have
as the end of next month, Hoskins is poised on those fiscal terms.
to again head down a path he previously at- “With Joe Biden coming in [as US Presi-
tempted with Graphex Mining in late 2019. dent] and the push for decarbonisation
The two key differences this time around around the globe, it has really given a shot
are a far healthier graphite market and a in the arm to the graphite industry and any-
much more welcoming investment climate thing to do with battery metals. The oppor-
in Tanzania under new President Samia tunities are just unbelievable compared to
Suluhu Hassan. where they were 2-2.5 years ago.
“When I think back 2-2.5 years ago to “I couldn’t be more excited about what
when our financing with Castlelake didn’t lies ahead for our company with the quality
work out, around the beginning of COVID, of product we have and some of the tech-
fast-forward to now and you can quite clear- nology partners we’re working with.”
ly see the world for a Tanzanian graphite By the end of next month, EV1 is ex-
developer couldn’t be any more different,” pected to have finalised its DFS update and
Hoskins told Paydirt. completed FEED works to be in a position
“Tanzania, under the new President, has to finally pull the trigger on Chilalo’s long-

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