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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 30/06/17

1 year TSR5 year TSR
thTechnology Metals Australia0%0%
328thTriangle Energy Global13%-24%
411thTerrain Minerals0%-11%
424thTraka Resources-0%-15%
558thGraphex Mining-26%0%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

419th↑Graphex Mining$0
468th-Technology Metals Australia$0
469th↓Terrain Minerals$0
472nd↓Traka Resources$0
473rd↓Triangle Energy Global$0
492 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Graphex Mining

305thStephen Dennis$146k
642ndGrant Davey$139k
1227thPhil Hoskins$78k
Ranked by total remuneration from all listed WA companies

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