Evion Group Secures Mining Permits for Maniry Graphite Project in Madagascar
Evion Group has obtained mining permits for the Maniry Graphite Project, facilitating advancement toward project financing and construction. This milestone verifies regulatory compliance and positions Maniry as a priority project under Madagascar's new mining code.
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Evion Group has been granted mining permits for its Maniry Graphite Project in Madagascar, converting exploration licenses to mining tenure. This approval is crucial for progressing financing discussions, offtake agreements, and moving toward a Final Investment Decision (FID).
The Definitive Feasibility Study indicates a mine life of 21 years with an initial annual production of approximately 39,000 tonnes of graphite concentrate, scaling up to 60,000 tonnes. The project has a pre-tax NPV of US$263 million and capital payback is expected in 3.8 years.
Evion has secured EU-backed grants of up to €3 million and is engaging with local communities and stakeholders. The permits are renewable under Madagascar's Mining Code, emphasizing the importance of the project for both the company and the region's economic development.
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