Summary

Mine Type	Open Pit
Study Completed	Feasibility
Stage	Permitting
Commodities	Graphite
Mining Method	Truck & Shovel / Loader
Mine Life	...
Snapshot	The Nachu Project represents one of the largest Mineral Resources of large flake graphite in the world. To date, all major mining and environmental approvals have been received and an updated Bankable Feasibility Study was completed in September 2022 and was released on 27 September 2022. This paved the way for progressing the negotiation of the Framework Agreement which when completed will see 16% of the project being ceded to the Government of Tanzania in accordance with the Mining Act of Tanzania. The negotiations remain on-going although the only matter outstanding to the execution and the commencement of production is the approval of the financial model for the project. Magnis has retained its Special Exconiomic Zone registration where part of the purification of the natural graphite will occur. There are benefits from tax and other imposts from having this registration and to some extent that has caused Magnis to take longer to finalise the Framework Agreement negotiations.

Deposit type

• Metamorphic

Summary:

The Nachu project is situated in graphitic schist with associated dolomites and gneisses.

Mineralisation is hosted in graphitic schists within a sequence of met-sedimentary schists with minor unmineralised dolomitic marble and gneisses within the greater Mozambique Metamorphic Belt.

The Nachu deposit comprises five mineralized areas, being Blocks B, D, F, F South Limb, and J.

These deposit cover a combined strike length of 5.5 km and an average plan width of up to 300 m for B,D,J, F South and 800 m for F (often comprising multiple mineralized horizons separated by barren or low grade horizons), to depths between 150 m and 250 m below surface.

The mineralization occurs at or near surface.

Mining Methods

- subscription is required.

Comminution

Crushers and Mills

- subscription is required.

Processing

- subscription is required.

Commodity Production

Operational metrics

Metrics
Annual processing capacity	....
Stripping ratio	....
Waste tonnes, LOM	....
Ore tonnes mined, LOM	....
Total tonnes mined, LOM	....
Tonnes processed, LOM	....

Personnel

Job Title	Name	Profile	Ref. Date
.......................	.......................		Jul 29, 2024