Graphex Mining Ltd's (ASX:GPX) managing director, Phil Hoskins, joined the Proactive Investors Spotlight CEO Roadshow in Sydney and Melbourne this week, providing investors with the latest update on the company.
The company was created by a spin-off of IMX Resources’ (ASX:IXR) Chilalo Graphite Project in Tanzania with a strategy to fast-track development.
The project has a shallow, high-grade Mineral Resource of 9.2 million tonnes at 10.7% total graphitic content.
Graphex's immediate focus is converting the existing offtake and finance memorandum of understanding into binding offtake and project financing which is expected to occur within months of listing.
Expandable graphite is a premium value-added product derived from flake graphite and is used in the electronics industry as well as in producing flame retardant building materials.
Recent changes in Chinese building requirements are expected to considerably increase demand.
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