My name is Michael Bourguignon, I’m the Executive Director for Evolution Energy Minerals.
We have recently released our updated definitive feasibility study, and here’s
some of the key highlights as I see them.
Our power station, we have gone from a diesel fired power station, which was part of our original 2020 DFS and now we’re looking at a solar, compressed natural gas and diesel hybrid.
This has the benefit of reducing our costs and our carbon emissions.
We’re looking at dry stacking our benign tailings in lieu
of a tailings storage facility, which is more traditional for this type of mine.
And this also has a great impact of reducing our CapEx significantly and de-risking the project.
Our mining plan has been optimised, a great deal more detail has gone into the plan, which has been repriced by 6 very reputable mining contractors, and that has resulted in a drop
in pre-production and production costs.
Overall, we’ve seen our CapEx go up by 30% due to inflation.
This is actually lower than some of the other operations in East Africa and we’re very happy
with where it’s ended up.
Our OpEx has remained the same in some areas, but as you might expect, increased in others.
Again, overall we’re happy with where it’s finished up.
Most importantly, we’re seeing increased demand in the market, which is resulting in higher
graphite prices, and that’s resulted in increased margins for us overall.
If you’d like any more information, go to our website or just check out our socials.