Bankable Feasibility Study Update Confirms Strong Financial and Technical Viability for Magnis’ Nachu Graphite Project

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Nachu Graphite BFS Key Highlights

Nachu Project Tanzania 3D Concept Render 1

Nachu Project Tanzania 3D Concept Render 1

Nachu Project Tanzania 3D Concept Render 2

Nachu Project Tanzania 3D Concept Render 2

Strong technical & financial viability. Impactful sustainability. Optimised process plant design: higher-grade product and protect flake size during processing.

Magnis Energy Technologies (OTCQX:MNSEF)

SYDNEY, NSW, AUSTRALIA, September 28, 2022 /EINPresswire.com/ — Magnis Energy Technologies Ltd (“Magnis”, or the “Company”) (ASX: MNS; OTCQX: MNSEF; FSE: U1P) is pleased to announce that it has completed an update to the 2016 Bankable Feasibility Study (BFS) for its Nachu graphite project in Tanzania (the Nachu Project or the Project) and confirms that the Project continues to demonstrate strong financial and technical viability. Commenting on the completion of the BFS update, Magnis Energy Technologies, CEO, David Taylor stated:

“The update to the BFS demonstrates that the Nachu Graphite Project represents one of the best graphite production opportunities in today’s market. The project will produce a high quality, sustainable product that requires minimal purification, placing Magnis in a strong competitive position relative to others in the market. Our high purity graphite concentrate will provide lithium-ion battery manufacturers and other industrial customers with an attractive and competitive alternative to current sources in the global graphite market.

The update to the BFS has focused on improving the plant process design to ensure it maintains our product quality advantage, utilizing a more sustainable and efficient power supply, and reviewing the overall capital and operating costs of the project. As expected, and consistent with the mining
industry as a whole, we have seen increases in capital costs from 2016, although opportunities remain to improve the current capital cost estimates as part of the next stage of optimization and detailed engineering. Pleasingly, operating costs have remained relatively stable and position Magnis well in terms of expected margins.

With existing offtakes in place, and discussions with other major offtakers in key sectors well advanced, we are confident that the project will be strongly supported by project funders. Initial discussions with funders have commenced, and we have received positive responses in relation to the overall bankability and attractiveness of the project. A rigorous financial risk management strategy will be put in place to ensure that Magnis can protect and enhance project returns as economic circumstances undoubtedly change over the course of the project life.

I would like to thank the Magnis team and all our partners involved in the update to the BFS for the extensive work that has been completed. Given the financial results demonstrated by the update, and the continued strength in the lithium-ion battery market driven by the growth of the electric vehicle and energy storage sectors, we are looking forward to advancing the project as quickly as possible. Our next milestones are making a Final Investment Decision (FID) and achieving financial close, which we are targeting to achieve by end Q2 2023. This is an exciting period of growth for the company, and we look forward to working with all stakeholders to supply high quality materials that will generate positive economic, social, and environmental outcomes.”

Group Communications Manager
Magnis Energy Technologies
+61 426 042 590
email us here



Article originally published at https://www.einpresswire.com/article/592968165/bankable-feasibility-study-update-confirms-strong-financial-and-technical-viability-for-magnis-nachu-graphite-project

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Vision Video’s streaming platform RedeemTV is set to unveil the highly anticipated documentary The Shroud Face to Face on March 28, 2024.

The Shroud Face to Face, produced by The Nexus Institute and The Shroud LLC, is a captivating documentary that unravels the enigma of the Shroud of Turin. With cutting-edge technology and expert insights, the film provides a face-to-face encounter with this iconic relic, inviting audiences to delve into its history, authenticity, and the profound questions it raises.

This visually stunning film, based on the book The Shroud Face to Face by acclaimed author and filmmaker Robert Orlando, offers an immersive exploration of the centuries-old mystery surrounding the Shroud of Turin and has been endorsed with high praise.

"This is a compelling and convincing account of the single most fascinating relic in the Christian world. This is for anyone seeking to understand the significance and history of the Shroud of Turin.” — Bishop Robert Barron, founder of Word on Fire

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Watch Trailer: https://watch.redeemtv.com/trailer/the-shroud-trailer

RedeemTV is a FREE, donor-supported, Christian streaming platform with over 250,000 subscribers. Streaming more than 5,000 videos, it provides family-friendly content while continuing to spread the message of Jesus.

Vision Video is a leading DVD and film distributor, committed to bringing impactful and compelling stories to audiences worldwide. With a focus on cinematic excellence, Vision Video partners with filmmakers to showcase thought-provoking narratives that inspire and captivate.

The Nexus Media focuses on TV, motion pictures, books, and screenplays, along with award- winning documentaries and shorts. Our team has years of experience in media storytelling and developing well-crafted engaging content. We invite you to view some of our past projects, The Divine Plan and Silence Patton, and participate in our new initiatives.

Stream FREE on RedeemTV: https://redeemtv.com.

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Danielle Tumminelli
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Original Source: RedeemTV Announces New Documentary: 'The Shroud Face to Face'

Scholars of Mandeville Grand Opening to Feature New Orleans Saints Superstar Cam Jordan

Scholars is celebrating the Grand Opening of its second tutoring location in the Greater New Orleans area Thursday, March 28th. This Thursday's event features NFL superstar Defensive End Cam Jordan of the New Orleans Saints. Cam, the Saints all-time sack leader and 8x pro-bowler, will be available to meet and inspire the students and families of the Mandeville community.

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Scholars is an award-winning franchise tutoring system, providing broad academic support to students K-12 in all subjects.

This Thursday, March 28th, Scholars will celebrate the grand opening of its new location in Mandeville, Louisiana. The event begins at 11:30 a.m. and will take place at 1901 U.S. Hwy 190, STE 27, Mandeville, La.

Scholars is proud to be cutting the ribbon of its second location in New Orleans. This week’s event will also feature some NFL star power as Cam Jordan of the New Orleans Saints will be making an appearance. Renowned throughout the NFL for his ferocious and creative pass-rushing, Cam, the Saints all-time sack leader and 8x pro-bowler, is both a student of the game of football and a big believer in the importance of education off the field. Cam will meet and inspire the students and families of the community alongside Scholars CEO Matt Baxter and other special guests. 

The event is free to attend and will feature giveaways, food from local vendors, face painting, pictures, games, and other surprises.

Scholars of Mandeville owner Ryan Fitzsimmons is excited to give back to his community and to provide students in the area with world-class tutoring. “I’m always willing and able to help kids,” Fitzsimmons said. “I’m a huge believer in Scholars because I’ve seen it work. It’s really amazing and I’m excited to be a part of it.” 

Scholars' first Louisiana location was opened in 2021 by another NFL star, 5x Pro Bowl Offensive Tackle Terron Armstead. Scholars of New Orleans has brought the joy of success in school to hundreds of students over the past three years and provides the template which Ryan Fitzsimmons seeks to follow.

Scholars, which is celebrating its 25th anniversary in 2024, has over 80 locations across North America. It uses its world-class curriculum and programming coupled with qualified, caring teachers to provide exceptional tutoring services for students of all ages. It has won the Canadian Franchise Association’s Franchisees’ Choice Award for nine consecutive years, while also boasting the Franchisee of the Year Award in 2023. The first location in the United States was opened in Brookhaven, Georgia, by Baltimore Ravens great Jamal Lewis, and the company also includes local New Orleans legend & former Saints superstar Mark Ingram. 

Scholars Education                                                         

400 Applewood Cres, Suite 100

Toronto ON, L4K 0C3

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info@scholarscanada.com

Contact Information:
Peter Dyakowski
Scholars Education
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1-888-901-7323
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Original Source: Scholars of Mandeville Grand Opening to Feature New Orleans Saints Superstar Cam Jordan
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