Price, volume & events
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- Last 2026-11-06
- A$0.215
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
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- Mkt cap
- A$99.2M
- EV
- A$95.4M
- Cash
- A$3.8M
- Debt
- A$0
8 newer ASX announcements not yet reflected in this valuation
- 2026 IMARC Presentation - ClarificationLatest Operating Presentation
- 2026 IMARC PresentationLatest Operating Presentation
- September 2026 Quarterly Activities Report and Appendix 5BLatest Four Activities Reports
- Application for quotation of securities - EGRPost Cash Checkpoint Security Event
- Proposed issue of securities - EGRPost Cash Checkpoint Security Event
- Successful Completion of $4.727 million Capital RaisingPost Cash Checkpoint Capital Raise
- Application for quotation of securities - EGRPost Cash Checkpoint Security Event
- Epanko Value Engineering - ReplacementRecent Project Economic Study
Investment view
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Sign in or enter a guest codeAnnouncements
Latest 12 of 14All sources ▸- June 2026 Quarterly Activities Report and Appendix 5BOperations
- March 2026 Quarterly Activities Report and Appendix 5BOperations
- Notification of cessation of securities - EGRCorporate Action
- Golden Frontier and Investor PresentationPresentation
- Interim Financial ReportResults
- Updated BFS Corporate PresentationPresentation
- Updated Epanko Bankable Feasibility StudyStudy
- December 2025 Quarterly Activities Report and Appendix 5BOperations
- September 2025 Quarterly Activities Report and Appendix 5BOperations
- Annual Report to shareholdersResults
- HFfree Delivers Industry-Leading Low Cost and NPV of US$282mStudy
- Epanko Front-End Engineering Design CompletedStudy
Event calendar · next 12 months
4 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| 2026-09-28 | Underwritten share purchase plan closes | Corporate Action | Company Guided | High | Determines participation and whether the indicative A$2m cash bridge is available; not yet issued at cutoff. |
| 2026-09-30 | Share purchase plan subscription results | Corporate Action | Company Guided | Medium | Oversubscription or underwriting affects near-term runway and placement risk. |
| 2026-10-02 | Share purchase plan issue price announced | Corporate Action | Company Guided | Medium | The five-session VWAP discount will fix immediate share dilution. |
| 2026-10-05 | Share purchase plan ordinary shares issued | Corporate Action | Company Guided | Medium | Actual issued shares enter the denominator only on completion. |
Executive roster
As of 2026-09-26Background checks ▸FY2026 annual report board and corporate directory reconciled with June quarterly. Howard Rae resigned October 2025; non-executive directors and board adviser excluded from executive roster.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Andrew Spinks | Managing Director | Executive Director · Chief Executive | 2015-04-22 | EcoGraf Annual Report 2026 |
| Maria du Plooy | General Manager Finance · Joint Company Secretary | Finance · Company Secretary | 2025-10-06 | EcoGraf Annual Report 2026 |
| Natalie Teo | Joint Company Secretary | Company Secretary | 2024-12-10 | EcoGraf Annual Report 2026 |
| John Ciganek | General Manager - Corporate Development | Commercial · Senior Management | — | EcoGraf Annual Report 2026 · June 2026 Quarterly Activities Report and Appendix 5B |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Epanko Graphite Project
Tanzania
DFS Unfunded Developer84% ownedGraphite
The 73ktpa BFS remains the development and debt-financing case. September's first-phase, unverified value engineering indicates potential 87.6ktpa with US$12m incremental capex, but no revised NPV; KfW debt and strategic equity remain unclosed. EcoGraf owns 84% of Duma TanzGraphite, while Tanzania holds 16%.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
NPVUS$350M10% discount
IRR27%Published return
Initial capexUS$199.3MPublished capital estimate
Operating cost639USD/t first-10-year AISC
Initial capexUS$211.3MPublished capital estimate
Operating cost512.3USD/t concentrate sold FOB, first ten years
Post-tax geared NPV10; initial capital combines US$181.2m construction/establishment and US$18.1m RAP costs, real 2025.
Analyst sum of BFS US$199.3m including RAP and preliminary US$12m incremental capital; issuer has not updated total capital, NPV or IRR. This is not the financing case.
Resources & reserves5
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured | 32.3 Mt | 7.8% TGC | Graphite | 2024-03-11 |
| Mineral Resource | Indicated | 55.7 Mt | 7.5% TGC | Graphite | 2024-03-11 |
| Mineral Resource | Inferred | 202.8 Mt | 7.2% TGC | Graphite | 2024-03-11 |
| Ore Reserve | Proved | 7.1 Mt | 8.6% TGC | Graphite | 2026-02-25 |
| Ore Reserve | Probable | 9.6 Mt | 7.9% TGC | Graphite | 2026-02-25 |
Tenements1
Milestones5
- Updated bankable feasibility study
Achieved · High materiality
- Binding project financing and equity solution
Pending · High materiality
- Further offtake conversion beyond 40ktpa initial contracted European volume
Pending · High materiality
- Final investment decision
Pending · High materiality
- Complete BFS-level validation of potential 87.6ktpa case
Pending · Medium materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Special Mining Licence SML 733/2025 | Tanzania | Granted | — | No |
| SML extension required to cover full 22-year BFS life | Tanzania | Required | — | Yes |
Economic studies3
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Epanko Front-End Engineering Design | Feed | Superseded | 2024-10-21 | Stage 1 FEED basis later updated and restated in the February 2026 BFS. |
| Updated Epanko Bankable Feasibility Study | Bfs | Current | 2026-02-25 | 73,000 tpa oxide-first project with a reported 22-year life and financing assumption of 39% debt. |
| Epanko first-phase value engineering review | Feed | Current | 2026-09-24 | Preliminary, unverified 87.6ktpa case with no revised NPV or IRR; 73ktpa BFS remains financing basis. |
Material
Tanzania Mechanical Shaping Facility
Tanzania
Scoping Study Developer100% ownedGraphite
Proposed 20,000 tpa shaping facility with siting and updated cost work underway; no construction funding or FID. EIB non-cash technical assistance now funds site, configuration and integration studies; no construction capital is committed.
Published study economicsIssuer or study metrics
Initial capexUS$59MPublished capital estimate
Operating cost419USD/t
Engineering-study capital and operating-cost disclosure; no standalone NPV or financing plan disclosed.
Milestones1
- Select site and complete updated capital and operating costs
Pending · High materiality
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Mechanical Shaping Facility engineering study | Scoping Study | Current | 2025-09-23 | 20,000 tpa conceptual facility with US$59m initial capital and US$419/t operating cost. |
Material
EcoGraf HFfree Purification Facilities
United States · Europe · Japan
PFS Developer100% ownedGraphite
Proprietary purification process demonstrated at qualification scale; commercial facility locations, customer commitments and funding are not finalised. The Mitsubishi and LTT arrangements are non-binding qualification frameworks. The EIB program is study assistance, not plant finance.
Published study economicsIssuer or study metrics
NPVUS$282M10% discount
IRR42%Published return
Initial capexUS$95MPublished capital estimate
Operating cost478USD/t purification process
Pre-tax, nominal 31-year study case for an initial 25,000 tpa US facility; location and funding remain uncommitted.
Milestones2
- Select first commercial facility site
Pending · High materiality
- Convert customer qualification and MOUs into binding sales
Pending · High materiality
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| 25,000 tpa US HFfree purification facility study | Updated Feasibility | Current | 2025-08-13 | Conceptual US-location case with US$95m capital, US$282m pre-tax NPV10, 42% IRR and US$478/t purification cost. |
Other
Golden Eagle Gold Project
Tanzania
Early Explorer100% ownedGold
EcoGraf currently holds the licences. AngloGold Ashanti can earn 70% by spending US$8.9m over five years; EcoGraf would retain 30% if the earn-in is completed. AngloGold submitted 2,659 soil samples in September 2026; assays remain pending.
Tenements3
Milestones2
- AngloGold Ashanti farm-in commenced
Achieved · High materiality
- Initial soil and drone-geophysics results
Pending · Medium materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Golden Eagle prospecting licences | Tanzania | Granted | — | No |
Other
Southern, Northern and Western Frontier Projects
Tanzania
Early Explorer100% ownedGoldCopperNickelLithium
Large early-stage exploration package with gold as the principal target and conceptual copper, nickel and lithium prospectivity; no Mineral Resource has been defined.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Tenements5
Milestones1
- Generate and test maiden drill targets
Pending · Medium materiality
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
A$3.817m audited cash and no interest-bearing debt at 30 June 2026. Appendix 5B implies about 1.59 quarters at June-quarter relevant outgoings. The A$2m underwritten SPP was still open at cutoff and is excluded from cash. The auditor flags material going-concern uncertainty; the KfW mandate and non-cash EIB technical assistance are not available cash.
Capital structure
Ownership and dilution
- Ordinary shares
- 461.6M
- Fully diluted
- 469.1M
FY2026 annual report note 16 bridges 454,131,819 FY2025 ordinary shares through 7,169,395 performance-right conversions and 250,000 third-party shares to 461,551,214 at 30 June 2026. The 23 September register is unchanged; 7,498,894 rights remain. The underwritten SPP is open, and no proposed shares are counted before issue.
Security classes2
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Ordinary fully paid shares | Ordinary Share | 461.6M | — | — |
| Unlisted incentive performance rights | Performance Right | 7.5M | A$0 | — |
KPI history
Operating metrics
Operating metric source table2
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Other | Company | FY2026 | Year | -2,292,000 AUD net loss after tax | Reported |
| Free Cash Flow | Company | FY2026 | Year | -7,901,000 AUD operating plus investing cash flow | Source Derived |
Company guidance3
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Initial Graphite Concentrate Production | epanko | Oxide phase after construction and ramp-up | 73,000 | 73,000 tpa | Current |
| Potential Update On Advanced Offtake Negotiations | epanko | Quarter ending 30 September 2026 | — | — qualitative milestone | Current |
| Preliminary Potential Stage 1 Concentrate Production | epanko | Post-FID optional engineering case, not current BFS financing plan | 87,600 | 87,600 tpa | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-03 | RaisingFully Paid Ordinary Shares | A$2M | — | — | Ongoing | Underwritten to approximately A$2m before costs; can accept more. Not completed or in current share count at cutoff.Period 2026-09-07 to 2026-09-28 · 20% discount to last five trading days' VWAP before issue · Canaccord Genuity (Australia) Limited |
| 2026-07-30 | Debt | US$105M | — | — | Announced | Mandate for up to US$105m; not a drawn or binding facility at the company-data date.Senior secured project loan under Germany's UFK scheme; non-binding eligibility and lender diligence remain outstanding. · KfW IPEX-Bank · Holder approval required |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
FY2026 annual report and subsequent material releases reviewed against earlier annual and June quarterly. No commodity or FX hedges disclosed; annual report expressly says the group has no FX derivatives. Confidential offtake floor is unquantifiable.
Government of Tanzania holds a 16% free-carried stake in Epanko vehicle Duma TanzGraphite; EcoGraf economic interest is 84% and is applied once in attributable NAV.
Free Carry · Active- Counterparties
- Government of Tanzania · Duma TanzGraphite Limited
- Applies to
- Epanko Graphite Project · Graphite
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Government free carried interest: 16 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Binding legacy European natural-flake offtake for 20ktpa; realized pricing detail is not disclosed, so no independent price premium is added to the BFS basket.
Offtake · Active- Counterparties
- tk accelis Trading GmbH
- Applies to
- Epanko Graphite Project · Graphite
- Economic direction
- Mixed
- Period
- From 2015-08-25; no end date stated
- Key terms
- Annual contracted natural-flake volume: 20,000 tpa
How it affects our valuation
No valuation treatment is available for this arrangement.
Binding preliminary term sheet supersedes the earlier German trader agreement; definitive long-form documentation remains to be negotiated. Market-reference pricing has an undisclosed floor, so no numerical hedge benefit is assumed.
Offtake · Conditional- Counterparties
- Undisclosed German graphite trader
- Applies to
- Epanko Graphite Project · Graphite
- Economic direction
- Mixed
- Period
- From 2026-08-12; no end date stated
- Key terms
- Initial volume: 20,000 tpa
Years six through ten volume: 40,000 tpa
Pricing floor: — USD/t
How it affects our valuation
No valuation treatment is available for this arrangement.
AngloGold funds up to US$9m of Golden Eagle exploration over five years to earn 70%; EcoGraf currently owns the licences and would retain 30% on completion. No resource or cash receipt is assumed.
Farm Out · Active- Counterparties
- AngloGold Ashanti Plc
- Applies to
- Golden Eagle Gold Project · Gold
- Economic direction
- Mixed
- Period
- From 2025-12-17; no end date stated
- Key terms
- Partner earn-in spend: 9,000,000 USD
Earnable project interest: 70 %
How it affects our valuation
No valuation treatment is available for this arrangement.
EIB provides up to EUR2m non-cash technical assistance across expansion and integration studies; it is not shareholder-discretionary cash or construction financing.
Strategic Partnership · Active- Counterparties
- European Investment Bank
- Applies to
- Epanko Graphite Project · Tanzania Mechanical Shaping Facility · EcoGraf HFfree Purification Facilities · Graphite
- Economic direction
- Benefit
- Period
- From 2026-09-21; no end date stated
- Key terms
- Technical assistance ceiling: 2,000,000 EUR
How it affects our valuation
No valuation treatment is available for this arrangement.
Non-binding framework for natural flake and spherical graphite qualification and potential sales up to 10ktpa SpG; no revenue is booked in base NAV.
Strategic Partnership · Conditional- Counterparties
- Mitsubishi Chemical Corporation
- Applies to
- Epanko Graphite Project · Tanzania Mechanical Shaping Facility · EcoGraf HFfree Purification Facilities · Graphite
- Economic direction
- Benefit
- Period
- From 2026-04-20; no end date stated
- Key terms
- Potential SpG offtake: 10,000 tpa
How it affects our valuation
No valuation treatment is available for this arrangement.
Non-binding partnership to evaluate HFfree material and potential South East Asian or Taiwanese plant ventures; no committed capital or revenue.
Strategic Partnership · Conditional- Counterparties
- Long Time Technology Co
- Applies to
- EcoGraf HFfree Purification Facilities · Graphite
- Economic direction
- Benefit
- Period
- From 2026-03-16; no end date stated
- Key terms
- Qualification and facility JV: —
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Evidence is limited to the issuer’s disclosed roster and selected filings. The available material does not support a complete assessment of each executive’s professional record; individual reports state specific gaps.
Decision-relevant facts
Material summary
Andrew Spinks
Managing Director
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- Prior roles, exact tenure, education and professional qualifications are not established by the selected evidence.
- Career and qualification detail is primarily issuer-reported; no independent credential check or systematic regulator/court search covering all prior employers was completed. For this subject, exact tenure dates and independently corroborated outcomes remain limited.
Maria du Plooy
General Manager Finance / Joint Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- Prior roles, exact tenure, education and professional qualifications are not established by the selected evidence.
- Career and qualification detail is primarily issuer-reported; no independent credential check or systematic regulator/court search covering all prior employers was completed. For this subject, exact tenure dates and independently corroborated outcomes remain limited.
Natalie Teo
Joint Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- Prior roles, exact tenure, education and professional qualifications are not established by the selected evidence.
- Career and qualification detail is primarily issuer-reported; no independent credential check or systematic regulator/court search covering all prior employers was completed. For this subject, exact tenure dates and independently corroborated outcomes remain limited.
John Ciganek
General Manager - Corporate Development
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- Prior roles, exact tenure, education and professional qualifications are not established by the selected evidence.
- Career and qualification detail is primarily issuer-reported; no independent credential check or systematic regulator/court search covering all prior employers was completed. For this subject, exact tenure dates and independently corroborated outcomes remain limited.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2025-09-18 · 456,626,214 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 43.12% | 196,897,533 | |
| 2 | 2.60% | 11,883,340 | |
| 3 | 2.44% | 11,129,128 | |
| 4 | 1.45% | 6,640,088 | |
| 5 | 1.09% | 4,990,162 | |
| 6 | 1.08% | 4,916,532 | |
| 7 | 1.01% | 4,628,743 | |
| 8 | 0.71% | 3,257,692 | |
| 9 | 0.71% | 3,233,904 | |
| 10 | 0.70% | 3,179,615 | |
| 11 | 0.69% | 3,166,501 | |
| 12 | 0.67% | 3,039,318 | |
| 13 | 0.66% | 3,000,500 | |
| 14 | 0.66% | 3,000,006 | |
| 15 | 0.66% | 3,000,000 | |
| 16 | 0.56% | 2,575,000 | |
| 17 | 0.55% | 2,500,000 | |
| 18 | 0.53% | 2,429,434 | |
| 19 | 0.51% | 2,310,031 | |
| 20 | 0.45% | 2,050,000 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The register is nearly one year old; subsequent capital issuances may have changed ranks and percentages. Local substantial-holder notices located were older (2024), with no newer notices in the cache.
Sources
- Annual Report 2025 — top 20 largest shareholders
EcoGraf Limited / ASX · Published 2025-09-23 · Accessed 2026-10-09
Top 20 registered ordinary-share accounts, holdings and issued-capital percentages.
PDF p. 76, table states information as at 18 September 2025; 456,626,214 ordinary shares issued
Disclosed activity
Insider transactions
Trading activity0 buys · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2024-01-19 | Andrew SpinksAndrew Spinks
Details & evidence for Andrew Spinks on 2024-01-19Non-cash performance-right award following shareholder approval. Disclosed award value is not cash consideration. As disclosed: Issue of STI performance rights following AGM approval.
director · Start not disclosed Change of Director's Interest Notice ↗ | GrantSTI performance rights expiring 2029-01-19 | 360,510 | —Non Cash | — | — |
| 2024-01-19 | Andrew SpinksAndrew Spinks
Details & evidence for Andrew Spinks on 2024-01-19Non-cash performance-right award following shareholder approval. Disclosed award value is not cash consideration. As disclosed: Issue of LTI performance rights following AGM approval.
director · Start not disclosed Change of Director's Interest Notice ↗ | GrantLTI performance rights expiring 2029-01-19 | 1,779,375 | —Non Cash | — | — |
Disclosed holding observations4 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2024-01-19 | Andrew Spinks
Details & evidence for Andrew Spinks on 2024-01-19
director · Start not disclosed Change of Director's Interest Notice ↗ | PositionFully paid ordinary shares | 6,994,388 | — |
| 2024-01-19 | Andrew Spinks
Details & evidence for Andrew Spinks on 2024-01-19
director · Start not disclosed Change of Director's Interest Notice ↗ | PositionSTI and LTI performance rights | 5,363,893 | — |
| 2024-01-19 | Andrew Spinks
Details & evidence for Andrew Spinks on 2024-01-19
director · Start not disclosed Change of Director's Interest Notice ↗ | PositionFully paid ordinary shares | 2,575,000 | — |
| 2024-01-19 | Andrew Spinks
Details & evidence for Andrew Spinks on 2024-01-19
director · Start not disclosed Change of Director's Interest Notice ↗ | PositionFully paid ordinary shares | 2,429,434 | — |
The closest covered peers
Peer comparison
Peer comparison pending
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Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory22 documents
EcoGraf Annual Report 2026Results · HighPartial
FY2026 annual report: A$3.817m cash and no interest-bearing debt at 30 June; A$2.292m loss; auditor highlights material going-concern uncertainty. SPP remains open. Current company secretaries and 84% Duma interest reconciled.
- Document ID
- egr-20260925-annual-report
- Published UTC
- 2026-09-25T02:00:00Z
- Projects
- epanko · midstream · hffree · golden-eagle · golden-frontier
- Commodities
- graphite · gold
EGR ASX ordinary-share closing observationMarket Data · HighExtracted
Latest eligible local market data provider via miners.collect_stock_prices close: A$0.29, 62,816 shares, for one ASX ordinary share on 25 September 2026.
- Document ID
- egr-20260925-market-price
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
Epanko Value Engineering Identifies 20% Production IncreaseStudy · HighExtracted
Preliminary, unverified engineering indicates 87.6ktpa potential versus the 73ktpa BFS, US$12m extra capital and US$512.3/t first-ten-year C1. No revised NPV or IRR; 73ktpa remains the financing case.
- Document ID
- egr-20260924-value-engineering
- Published UTC
- 2026-09-24T02:00:00Z
- Projects
- epanko
- Commodities
- graphite
EIB Grant Funding CommencesFinancing · HighExtracted
EIB technical assistance of up to EUR2m has commenced across expansion, shaping, market and E&S workstreams. The annual report clarifies that this is non-cash assistance.
- Document ID
- egr-20260921-eib-grant
- Published UTC
- 2026-09-21T02:00:00Z
- Projects
- epanko · midstream · hffree
- Commodities
- graphite
AngloGold Ashanti Completes Geochemical Program at Golden EagleOperations · MediumExtracted
AngloGold completed 2,659 Golden Eagle soil samples; assays were pending and drone magnetics was planned. No Golden Eagle resource is established.
- Document ID
- egr-20260914-gold-geochemistry
- Published UTC
- 2026-09-14T02:00:00Z
- Projects
- golden-eagle · golden-frontier
- Commodities
- gold
Underwritten Share Purchase PlanFinancing · HighExtracted
Underwritten A$2m SPP is open at the cutoff; shares are not yet issued. Price is 20% below a future five-day VWAP. Indicative close is 28 September and issue is 5 October.
- Document ID
- egr-20260903-spp
- Published UTC
- 2026-09-03T02:00:00Z
- Projects
- —
- Commodities
- —
German Offtake Partner to Double Volumes to 40,000 tpaEconomic Arrangement · HighExtracted
Binding preliminary German-law term sheet replaces a prior agreement: 20ktpa from production, 40ktpa after five years, ten-year planned term; market-reference price with undisclosed floor and grade adjustments.
- Document ID
- egr-20260812-german-offtake
- Published UTC
- 2026-08-12T09:00:00Z
- Projects
- epanko
- Commodities
- graphite
USD to AUD exchange-rate observationMarket Data · MediumExtracted
ValutaFX reported 1 USD equal to 1.4152 AUD on 7 August 2026.
- Document ID
- egr-20260807-fx
- Published UTC
- 2026-08-07T06:00:00Z
- Projects
- —
- Commodities
- —
June 2026 Quarterly Activities Report and Appendix 5BOperations · HighExtracted
Latest quarterly reports A$3.816m cash, 1.59 quarters of funding, ongoing Epanko debt/offtake work and an unchanged ordinary share count.
- Document ID
- egr-20260730-june-quarterly
- Published UTC
- 2026-07-30T06:05:15Z
- Projects
- epanko · midstream · hffree · golden-eagle · golden-frontier
- Commodities
- graphite · gold
March 2026 Quarterly Activities Report and Appendix 5BOperations · HighExtracted
March quarterly reported A$6.2m cash, reaffirmed the BFS and confirmed commencement of the Golden Eagle farm-in.
- Document ID
- egr-20260430-march-quarterly
- Published UTC
- 2026-04-30T02:01:47Z
- Projects
- epanko · hffree · golden-eagle · golden-frontier
- Commodities
- graphite · gold
Notification of cessation of securities - EGRCorporate Action · MediumExtracted
Appendix 3H records the lapse of 100,000 performance rights and the resulting issued-capital totals.
- Document ID
- egr-20260410-cessation
- Published UTC
- 2026-04-10T08:08:58Z
- Projects
- —
- Commodities
- —
Golden Frontier and Investor PresentationPresentation · MediumExtracted
Presentation outlines the AngloGold-funded Golden Eagle farm-in and early-stage Golden Frontier gold targets without a defined resource.
- Document ID
- egr-20260409-golden-frontier
- Published UTC
- 2026-04-08T23:02:02Z
- Projects
- golden-eagle · golden-frontier
- Commodities
- gold · copper · nickel · lithium
Interim Financial ReportResults · HighExtracted
Half-year accounts provide a balance-sheet and capital-structure anchor at 31 December 2025.
- Document ID
- egr-20260311-interim
- Published UTC
- 2026-03-10T21:30:34Z
- Projects
- epanko · hffree · golden-eagle · golden-frontier
- Commodities
- graphite · gold
Updated BFS Corporate PresentationPresentation · MediumExtracted
Corporate presentation restated the updated BFS, financing pathway and vertically integrated graphite strategy.
- Document ID
- egr-20260309-bfs-presentation
- Published UTC
- 2026-03-09T02:12:26Z
- Projects
- epanko · midstream · hffree
- Commodities
- graphite
Updated Epanko Bankable Feasibility StudyStudy · HighExtracted
Updated BFS reports a 73,000 tpa, 22-year Epanko development with post-tax geared NPV10 of US$350m and materially unresolved funding requirements.
- Document ID
- egr-20260225-epanko-bfs
- Published UTC
- 2026-02-25T05:34:02Z
- Projects
- epanko · hffree
- Commodities
- graphite
December 2025 Quarterly Activities Report and Appendix 5BOperations · MediumExtracted
Quarterly update advanced the Epanko expansion path and confirmed commencement conditions for the Golden Eagle farm-in.
- Document ID
- egr-20260130-december-quarterly
- Published UTC
- 2026-01-30T02:06:05Z
- Projects
- epanko · hffree · golden-eagle
- Commodities
- graphite · gold
September 2025 Quarterly Activities Report and Appendix 5BOperations · MediumExtracted
Quarterly update reported A$8.53m cash while advancing Epanko, HFfree and the then-pending Golden Eagle tenure.
- Document ID
- egr-20251031-september-quarterly
- Published UTC
- 2025-10-31T02:10:39Z
- Projects
- epanko · hffree · golden-eagle
- Commodities
- graphite · gold
Annual Report to shareholdersResults · HighExtracted
FY2025 annual report describes Epanko, midstream shaping and HFfree development and contains a superseded SML identifier.
- Document ID
- egr-20250923-annual-report
- Published UTC
- 2025-09-23T09:02:56Z
- Projects
- epanko · midstream · hffree
- Commodities
- graphite
HFfree Delivers Industry-Leading Low Cost and NPV of US$282mStudy · HighExtracted
Study for a not-yet-sited 25,000 tpa US purification facility reported US$282m pre-tax NPV10, US$95m capex and US$478/t process cost.
- Document ID
- egr-20250813-hffree-study
- Published UTC
- 2025-08-13T06:17:50Z
- Projects
- hffree
- Commodities
- graphite
Epanko Front-End Engineering Design CompletedStudy · MediumExtracted
FEED was completed for the Stage 1 73,000 tpa graphite process plant in support of debt financing.
- Document ID
- egr-20241021-feed
- Published UTC
- 2024-10-20T23:00:14Z
- Projects
- epanko
- Commodities
- graphite
Updated Epanko Ore ReserveReserve Update · HighExtracted
Superseded July 2024 Epanko Ore Reserve of 14.3 Mt at 8.8% TGC supported the then-current 73,000 tpa development case.
- Document ID
- egr-20240725-reserve
- Published UTC
- 2024-07-24T23:14:09Z
- Projects
- epanko
- Commodities
- graphite
127% increase in Epanko Mineral ResourceResource Update · HighExtracted
JORC 2012 Epanko Mineral Resource increased to 290.8 Mt at 7.2% TGC, including 88.0 Mt Measured and Indicated.
- Document ID
- egr-20240311-resource
- Published UTC
- 2024-03-10T21:37:04Z
- Projects
- epanko
- Commodities
- graphite
Evidence facts72
290.8 Mt at 7.2% TGC
2024-03-1188.0 Mt at 7.6% TGC
2024-03-11202.8 Mt at 7.2% TGC
2024-03-1114.3 Mt at 8.8% TGC
2024-07-2573000 tpa graphite concentrate
2024-10-21282000000 USD
2025-08-1395000000 USD
2025-08-13478 USD/t
2025-08-134500 USD/t
2025-08-13SML 755/2025 None
2025-03-0359000000 USD
2025-09-23419 USD/t
2025-09-238530000 AUD
2025-09-30516000000 USD
2026-02-25350000000 USD
2026-02-2527.0 %
2026-02-25181200000 USD
2026-02-2518100000 USD
2026-02-251746 USD/t CIF real 2025
2026-02-25544 USD/t FOB real 2025
2026-02-25639 USD/t real 2025
2026-02-2573000 tpa
2026-02-2522 years
2026-02-2597.2 %
2026-02-2516.7 Mt at 8.2% TGC
2026-02-25SML 733/2025 None
2026-02-2584 %
2026-02-2539 % of capital
2026-02-258084000 AUD
2025-12-31461551214 shares
2025-12-311938000 AUD
2025-12-318900000 USD
2026-04-0970 %
2026-04-093000 km2 approximately
2026-04-09461551214 shares
2026-04-107498895 rights
2026-04-106225000 AUD
2026-03-313816000 AUD
2026-06-301.59 quarters
2026-06-30461551214 shares
2026-06-307498895 rights
2026-06-30105000000 USD maximum
2026-06-3086 %
2026-06-303200000 AUD maximum
2026-06-301.4152 AUD per USD
2026-08-0720000 tpa
2026-08-1240000 tpa
2026-08-1210 years
2026-08-12None USD/t
2026-08-122000000 AUD
2026-09-0320 %
2026-09-032026-09-28 None
2026-09-032659 samples
2026-09-14True None
2026-09-142000000 EUR
2026-09-215 workstreams
2026-09-2187600 tpa
2026-09-2412000000 USD
2026-09-24512.3 USD/t
2026-09-24True None
2026-09-243817000 AUD
2026-06-30-2292000 AUD
2026-06-303210000 AUD
2026-06-304691000 AUD
2026-06-30461551214 shares
2026-09-237498894 rights
2026-09-23True None
2026-09-25True None
2026-09-2584 %
2026-06-30Maria du Plooy and Natalie Teo None
2026-09-250.29 AUD/share
2026-09-2562816 shares
2026-09-25Conflicts requiring judgment2
- Epanko Special Mining Licence number
The later updated BFS and subsequent June 2026 quarterly consistently identify SML 733/2025; that later identifier is used.
- EcoGraf economic ownership of Epanko
The explicit framework-agreement disclosure that Tanzania owns a 16% free-carried interest implies 84% for EcoGraf and is used over the quarterly tenement-table entry.