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Evion Group NL (ASX:EVG)

ALERT: Price-sensitive ASX Announcement for EVG
Current share price for EVG : $0.021 -0.006 (-21.15%)+
Announcement
Release
21 Jul 2026 9:20AM
Price at Release
$0.026
Full Release
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Summary
Evion Group NL has successfully secured mining permits for the Maniry Graphite Project, the only graphite project outside Europe recognized by the European Union as a Strategic Project. Supported by EU grant funding and in discussions with the European Investment Bank for additional financing, the project is set to transition from exploration to development. With a 21-year initial mine life and high-grade flake graphite production, the project will produce 39,000 tpa in Stage 1, increasing to 60,000 tpa in Stage 2. Evion’s downstream operations in India are already cash-generative, enhancing the project's economic feasibility.
Key Points
  • Evion Group NL has been granted mining permits for the Maniry Graphite Project in Madagascar.
  • The project is recognized as the only graphite project outside Europe endorsed by the European Union.
  • Maniry Graphite Project is supported by EU grant funding and involves discussions with European Investment Bank for financing.
  • The mining permits transition the project from exploration to development, enabling strategic partnerships and customer engagement.
  • The project has a 21-year initial mine life with an 18-year ore reserve, producing high-grade flake graphite.
  • Stage 1 of the project aims for 39,000 tpa graphite concentrate, expanding to up to 60,000 tpa in Stage 2.
  • Evion's downstream operations in India through the Panthera joint venture are already generating cash.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.