Battery minerals specialist Evolution Energy Minerals (ASX: EV1) has awarded CPC the FEED contract for the processing plant and associated non-processing infrastructure for the Chilalo Graphite Project in Tanzania.
The scope of the FEED includes the evaluation of opportunities to improve plant design and, optimise and update estimated capital expenditure.
CPC was selected from a panel of engineering firms on the basis of their expertise and experience in graphite processing and successful commissioning of projects, most notably, Syrah Resources Limited’s Balama Graphite Project in Mozambique.
CPC has an extensive in-house database on previous projects, scopes of work, equipment, schedules, costs and specifications, that ensures the efficient use of personnel and relevant data. The company has completed a large number of bankable feasibility studies and achieved a successful and proven industry track record in executing project design and construction developments that have been delivered on time and within budget.
“The commencement of the FEED study is a significant milestone towards the realisation of the Chilalo Graphite Project,” Evolution Executive Director, Michael Bourguignon, said.
“We are pleased to be partnering with CPC, a firm I have previously executed projects with. I worked closely with CPC in the development of Syrah’s Balama Graphite Project and believe that, combined with my own experiences, their considerable insight and learnings will be invaluable to the development of our Chilalo Project.
“We remain firmly focused on bringing Chilalo into production. With a binding offtake agreement for our high-value coarse flake graphite in place and continued engagement with potential financiers, we continue to target a final investment decision towards the end of this year.
The appointment of CPC and commencement of the FEED is central to delivering on that objective.”
The FEED is expected to commence immediately and is targeted for completion by September 2022.
For further information please visit: https://evolutionenergyminerals.com.au/