Completion of Major Epanko Environmental and Social Program

Key points

• Completion of environmental and social planning programs to highest sustainability standards
• Environmental and social work streams indicate no impediments for Epanko development
• Resettlement Action Plan valuation and compensation schedules approved by Government

Full summary

EcoGraf Limited has completed a significant environmental and social update of the Epanko Bankable Feasibility Study to support the financing and development of the Epanko Graphite Project in Tanzania. Over A$3.5 million has been invested by the company on programs undertaken by leading international and in-country experts to ensure Epanko is developed in accordance with the highest sustainability standards. The key programs completed include biodiversity surveys, surface and hydrogeological modelling, Tailings Storage Facility evaluation and design, household and landholder surveys, resettlement planning, and community health and social assessments. This has enabled the completion of comprehensive environmental and social management plans covering air quality, water resources, biodiversity, waste management, and stakeholder engagement. The Government Chief Valuer has approved the updated Epanko valuation schedules for project-affected persons as part of the Resettlement Action Plan. EcoGraf has appointed experienced managers to oversee the resettlement and environmental/community programs. The company remains committed to developing Epanko to the highest ESG standards, aligned with IFC, Equator Principles, GISTM, SDGs, GRI, and IRMA frameworks.

Outlook

The Epanko development is set to provide transformational financial and social benefits for the region, with a strong multiplier effect across the economy, providing opportunities for an estimated 4,500 indirect employees and generating a forecast US$9+ billion additional indirect economic benefits over the life of the mine.