Mining Intelligence and News
Tanzania

Nachu Project

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Categories

Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Graphite
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotThe Nachu Project represents one of the largest Mineral Resources of large flake graphite in the world.

Ausenco Services Pty Ltd completed its work on the Definitive Feasibility Study for the Nachu Project in Tanzania. This was filed with the ASX in October 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.

Owners

SourceSource
CompanyInterestOwnership
Magnis Energy Technologies Ltd. 100 % Indirect
Special Mining Licence (SML) has been granted to Uranex Tanzania Ltd, the 100% owned Tanzanian subsidiary of Magnis.

Contractors

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Deposit type

  • Metamorphic

Summary:

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

The majority of EM modelling and geological intercepts indicate open folded anticlines with various dips to fold limbs in each resource Block.

The graphite mineralization is mostly associated with the schist, and is metamorphic (meta- sedimentary) in origin.

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.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityUnitsAvg. Annual
Graphite kt 236
All production numbers are expressed as concentrate.

Operational metrics

Metrics
Annual milling capacity  ....  Subscribe
Stripping / waste ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
* According to 2022 study.

Production Costs

CommodityUnitsAverage
Cash costs Graphite USD  ....  Subscribe
Operating margin Graphite USD  ....  Subscribe
Assumed price Graphite USD  ....  Subscribe
* According to 2022 study / presentation.

Operating Costs

Currency2022
OP mining costs ($/t milled) USD 13.9 *  
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2022 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Required Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 18, 2024
....................... Subscription required ....................... Subscription required Subscription required Jan 18, 2024

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