Epanko Value Engineering Identifies 20% Production Increase

• Value Engineering Review identifies a potential 20% increase in Epanko Stage 1 production capacity
• Estimated reduction in operating costs by 5.8% for the first 10 years
• Potential 20% increase achievable with minimal design changes and additional $12.0 million in capital

EcoGraf Limited (ASX: EGR) has announced the completion of a Value Engineering Review for the Epanko Graphite Project, identifying a potential 20% increase in Stage 1 production capacity to 87,600 tonnes per annum (tpa). The review found that the existing plant design can accommodate higher throughput with limited modifications, primarily through selective additions to flotation capacity and minor upgrades. The estimated incremental capital cost for this increase is approximately US$12.0 million, which is within the existing contingency allowance of the Updated Bankable Feasibility Study (BFS). The review also indicates a reduction in operating costs by 5.8% for the first 10 years, supporting the development of a single 25,000tpa HFfree Battery Anode Material (BAM) facility. The 73,000tpa Updated BFS remains the base development and debt financing case.

Potential 20% production increase to 87,600tpa, reduced operating costs by 5.8% for the first 10 years

The potential 20% production increase at Epanko Project is expected to support the development of a single 25,000tpa HFfree Battery Anode Material facility, enhancing EcoGraf's vertically integrated battery anode materials business.