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):

  • Completed to meet the Equator Principles
  • 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

av30ktpa

Stage 1 – Years 1-3

av60ktpa

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

Maniry Growth in 2022

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

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

Increase project revenue

Additional offtake arrangements

Further enhance project confidence

Completed DFS in November 2022

Next stage - project execution (EPC/EPCM)

Evion Group secures ESG certification from Digbee ESG

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