Magnis Resources receives Special Mining Licence

Company News

Magnis Resources Limited (ASX:MNS) has been granted a Special Mining Licence by the Ministry of Energy and Minerals of Tanzania to further work at its Nachu Graphite Project.
 
The SML has been granted to Uranex Tanzania Limited, the 100% owned Tanzanian subsidiary of Magnis.
 
Chair Frank Poullas has described the granting of the SML as a “landmark day for Magnis”.
 
The graphite producer is now able to move forward and finalise project funding for the development. 
 
Mr Poullas also says Magnis Resources is now closer to its goal of production although no production guidance has yet been provided for the project. 

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