Evolution Energy Minerals moves toward FID for Chilalo Graphite Project

Proactive - Interviews for investors

Evolution Energy Minerals Ltd (ASX:EV1) non-executive director Craig Moulton sits down with Proactive’s Tylah Tully to discuss progress toward a Final Investment Decision (FID) for the Chilalo Graphite Project in Tanzania following a review of the updated definitive feasibility study (DFS). The review confirmed the economic soundness of the DFS, with opportunities for cost and operational improvements. These include potential use of the nearby Mtwara Port, integrating gas and solar power solutions and exploring Pure New World's patented tailings encapsulation technology to turn mining waste into geo-stable building material, offering environmental benefits. The company is also advancing its search for a new CEO and is focusing on site preparations, including roadworks and layout designs. Exploration activities are ongoing, with follow-up work on areas identified during the 2023 drilling campaign, including potential resource expansion at the Chilalo East prospect. Additionally, the company is exploring a copper anomaly on its tenement, with further exploration planned at the Chikundu prospect to assess its potential. These developments are aligned with Evolution's efforts to make the Chilalo project construction-ready. #ProactiveInvestors #EvolutionEnergy #ASX #GraphiteProject #ChilaloProject #MiningInnovation #FID #FeasibilityStudy #SustainableMining #TanzaniaMining #CopperExploration #TailingsRecycling #SolarPower #MtwaraPort #CEOAppointment #ResourceExpansion #ChilaloEast #MiningDevelopment #CopperAnomaly #ChikunduProspect #MineralResources #EcoFriendlyBuilding