AFRICA STORIES

Positive PFS for Chilalo

IMX Resources has released results of a prefeasibility study on the Chilalo graphite project in southeast Tanzania that show the mine would generate a pre-tax internal rate of return of 62% and have a net present value of US$200 million (10% discount rate).

Drilling at Chilalo

Drilling at Chilalo

The project has a pre-production capital expenditure forecast of $73.8 million. It would consist of an open pit mine producing an average of 69,000 tonnes per annum of graphite concentrate. At $490 per...

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