Chilalo graphite project demonstrates low carbon footprint
Our late-stage graphite development Investment, Evolution Energy Minerals (ASX:EV1), released the findings from its Life Cycle Assessment which measures the proposed mine’s environmental impact.
Here are our key takeaways from today’s EV1 announcement:
- Chilalo flake graphite concentrate is estimated to emit approximately half the CO2 as Chinese produced graphite (70-80% of global graphite supply)
- The study was based off the company’s 2020 DFS which did not incorporate the use of renewable power. (EV1 expects this to improve its emissions intensity even further).
We think that for EV1 to get these kinds of numbers is a significant win for the company in their bid to become a leading supplier of sustainable graphite.
We also expect EV1 green credentials to be meaningful for potential offtakers and financiers.
Delivering this Life Cycle Assessment was one of the milestones from our EV1 Investment Memo:
We’ve also updated our EV1 Progress Tracker to reflect the achievement of this milestone.
