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ADU PReVIeW

“Graphite is not as simple as gold and
base metals and it’s been clear in financi-
ers’ and in investors’ eyes that some of
those complexities have held investors
back at stages,” he said.
“For a couple of years there, I was enjoy-
ing the simplicity of marketing a gold story
but talking to our major shareholders and
seeing the opportunities in front of the com-
pany, both to get the mine built but also get
into the downstream markets, it was clear
where my skill set and passion lied.
“Stepping back into the MD role was a
natural fit and I couldn’t be more pleased to
have gone down that route. I’m really excit-
ed about where we’re at as a company after
so many years of hard work, particularly all Chilalo hosts total resources of 67.3mt @ 5.4% TGC, including a high-grade zone of 20.1mt
the travel to China and building those con- @ 9.9% TGC
nections with end-users.”
Given the coarse flake nature of the produced into the “super-premium” class of very high recharge efficiency compared to
Chilalo deposit, downstream opportunities active anode materials for lithium-ion bat- competing products.
for the project have never been fully investi- teries in the EV and energy storage sec- Other test work has also confirmed ther-
gated until recently. Since signing a binding tors. This class of active anode materials mal purification can produce an ultra-high
offtake agreement with YXGC for the sale typically sells for up to $US22,000/t. purity of 99.9995% carbon as a precursor
of 30,000 tpa of coarse flake graphite for at EV1 indicated these results – including to battery-grade spherical graphite. This
least three years, EV1 has only continued reversible capacity of 368 mAh/g and irre- was achieved using an inverted process
to firm up its potential to supply material into versible capacity loss of less than 7% – ex- flowsheet which involves purifying the ma-
the burgeoning battery anode market. ceed the specifications of most major EV terial before milling and shaping occurs.
Electrochemical results from ongoing manufacturers and suggest lithium-ion bat- Hoskins said thermal purification offered
GMR Paydirt QTR-Page Ad-FA.pdf 1 1/7/2022 11:01 am
commercial verification work have con- teries using Chilalo coated spherical graph- an environmentally-friendly alternative for
firmed Chilalo spherical graphite can be ite will have an exceptional cycle life and the production of battery-grade graphite

CONSTRUCTING
A HIGH GRADE, HIGH

MARGIN GRAPHITE
MINE IN TANZANIA

Unmatched Margins for Large Flake Graphite
in a Rapidly Expanding Global Market

The Lindi Jumbo graphite deposit comprises a
unique combination of high-grade and coarse
flake graphite. With the super high-grade plant
feed and final concentrate skewed towards
larger flakes - a higher basket price and high
margins for the saleable product will result.

In an environment where graphite
demand is forecasted to grow at an
unprecedented rate, production at the
mine is poised to commence in ideal
market conditions.

WKT.COM.AU ASX: WKT

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