Magnis clinches 80,000 tpa offtake with SINOMA for Nachu graphite

By Laura Syrett
Published: Wednesday, 17 December 2014

The binding deal with the Asian battery market supplier represents 40% of Nachu’s projected annual output and the deposit’s flake distribution means it should secure premium prices for the material, although IM Data believes Magnis’ value estimates are optimistic.

ASX-listed graphite junior Magnis Resources Ltd has signed an 80,000 tpa offtake agreement with China National Materials Industry Import and Export Corp. (SINOMA) for flake graphite from Magnis’ Nachu project in Tanzania.

The binding agreement is for a five year...

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