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IMX releases maiden ore reserve estimate for Chilalo graphite project in Tanzania

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IMX releases maiden ore reserve estimate for Chilalo graphite project in Tanzania

The maiden ore reserve for 's graphite project inTanzania, based only on indicated resources, was estimated at 5.1 milliontonnes grading 11.9% total graphitic carbon for 613,800 tonnes of containedgraphite.

The resource is included in the high-grade mineral resourceestimate that also includes inferred resources of 4.1 million tonnes grading 9.1%TGC for 370,300 tonnes of contained graphite.

The company said May 10 that it declared the maiden reservefor Chilalo to satisfy the concerns raised by the Australian Securitiesand Investments Commission over the prospectus lodged for Graphex Mining Ltd.'sIPO.