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Drilling work at Graphex's Chilalo graphite project in Tanzania.

Graphex rebounds on Chilalo funding commitment

Shares in Tanzania-focused Graphex Mining rebounded after the company announced it had struck a revised agreement with its Chinese partner over the Chilalo graphite project.

Graphex, a spin-out company of Indiana Resources, said the syndicate of investors led by CN Docking Joint Investment & Development Company, had agreed to revised terms of a joint venture and equity investment deal for Chilalo.

CN Docking and Graphex will retain a 50:50 joint venture structure and equally reduce their interest in Chilalo when the Tanzanian government acquires a 16 per cent free-carried interest in the project as part of a number of legislative changes that will soon hit all mining companies operating in the African country.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
88thTungsten Mining129%0%
563rdGraphex Mining-22%0%
573rdEntek Energy-25%-38%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

11/08/17
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

271st↓Tungsten Mining$49k
273rd↑Graphex Mining$47k
274th↑Windward Resources$46k
275th↓Entek Energy$46k
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Graphex Mining

294thStephen Dennis$146k
613thGrant Davey$139k
1170thPhil Hoskins$78k
Ranked by total remuneration from all listed WA companies

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