Evolution Energy Minerals' landmark deal with Tanzanian Government for Chilalo Graphite Project
March 08, 2023 at 07:46 pm
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Evolution Energy Minerals Ltd (ASX:EV1) MD Phil Hoskins tells Proactive the company has settled a vital agreement covering the ownership, development and management of the Chilalo Graphite Project with the Tanzanian Government’s Special Presidential Government Negotiating Team, reviewed by the Attorney General. The ‘Framework agreement and shareholder agreements’ confirm the Tanzanian Government’s 16% non-diluted free-carried interest and commitment to jointly develop Chilalo.
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Proactive Investors
Jonathan Jackson
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writers@proactiveinvestors.com.au
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https://www.proactiveinvestors.com.au/
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Evolution Energy Minerals Limited is an Australia-based company, which is involved in exploration and pre-development works. The Company is engaged in the exploration and development of its Chilalo Graphite Project in southern Tanzania. The Company has discovered two high-grade mineralized zones, Chilalo East and Chilalo E2. High-grade mineralization at Chilalo East has been defined over 1.6 kilometers (km) out of a potential 3.5 km strike length indicated by the high-conductance electromagnetic conductor. At Chilalo E2, located to the east of Chilalo Mining License and parallel to the north of Chilalo East, 1.1 km out of a potential five km strike has been tested so far with mineralization open to the east and west.