Project Updates
Maniry Graphite
Credit: Evion Group
Mine Type: Open pit
Location: Madagascar
Reserves: 16.2Mt
Lifespan: 21 years
Australia-based Evion Group, formerly known as BlackEarth Minerals, is developing the open-pit graphite mine, with construction expected to start in 2024. Three deposits are considered for the current development, with an estimated investment of $103.78m for the first two stages.
Makuutu Rare Earths
Credit: Ionic Rare Earths
Mine Type: Open pit
Location: Uganda
Reserves: 172.9Mt
Lifespan: 35 years
Ugandan company Rwenzori Rare Metals, which is 60% owned by Australia-based Ionic Rare Earths, is developing the rare earths project in East Africa. First production is targeted for late 2024, with an estimated pre-production capital of $120.8m.
Tumas Uranium
Credit: Mr. Tempter/Shutterstock.com
Mine Type: Open pit
Location: Namibia
Reserves: 88.4Mt
Lifespan: 22.5 years
Australia-based Deep Yellow is developing the project in Namibia, which has the potential to produce uranium for up to 30 years. The initial capital investment required is around $372m and production is expected to commence ramping up in late 2025.
