Project Life

21

IRRpre-tax

33

Project CAPEX Stage 1 (US$)

79

The Company has successfully fast tracked its flagship Maniry graphite project in Southern Madagascar, to the completed Bankable Feasibility Study (BFS) Stage, in 4.5 years.

Graphite from the Maniry Project has met specifications consistent with those required by Tier 1:- Expandable graphite markets- Refractory industry participants- Lithium-ion anode material manufacturers.

The Company completed the Maniry DFS in November 2022.

Focus during Feasibility Study (BFS):

  • Maniry to be developed in compliance with IFC Performance Standards on environmental and social sustainability
  • Demonstrated a financially attractive Project
  • Build a Project that is technically robust to cater for different specifications for different customers
  • Ensure that all stakeholders were consulted throughout the DFS process

Project Life

21 years

US$263 million

IRR pre-tax

33 %

3.8 years

Stage 1

Project CAPEX

US$79 million

Stage 2

Project CAPEX

US$25 million

Annual Graphite Production

av35-45ktpa

Stage 1 – Years 1-3

av50-60ktpa

Stage 2 – Years 4+

EVION

Creating value towards a responsible and sustainable future.

Global Mineral Resource Inventory Estimate as at August 2022

Area

Classification

Tonnes (Mt)

Total Graphitic Carbon (%TGC)

Contained Graphite (tonnes)

Razafy

Indicated

13.6Mt

6.5%

890,000

Inferred

12.1Mt

5.9%

720,000

Razafy NW

Indicated

3.1Mt

8.6%

266,000

Inferred

2.2Mt

8.6%

186,000

Haja

Indicated

-

-

-

Inferred

9.0Mt

5.8%

522,000

TOTAL

Indicated

16.7Mt

6.9%

1,156,000

Inferred

23.3Mt

6.1%

1,428,000

Total Ore Reserves

Probable

16.2Mt

6.58%

1,100,000

Project Upside

Objective

Positive Outcome

Futher development into the potential downstream processing of coarse flake material

Significantly increase project revenue

Exploration in the high grade northwest zone of Maniry

Early high grade feed can substantially increase project NPV/IRR and add to mine life

Optimisation of flowsheet to further enhance recovery of the coarse flake material

Increase project revenue

Increase green energy

Lower carbon footprint and operating cost

Improvements to main transport route and port facilities

Lower carbon footprint and operating cost

Evion Group secures ESG certification from Digbee ESG

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