Evolution Energy Minerals Limited (AU:EV1) has released an update.
Evolution Energy Minerals Limited has reaffirmed the stability of its mineral resource and ore reserve estimates for the Chilalo Graphite Project, as previously reported, with no significant changes to the project’s underlying assumptions or technical parameters. The company remains optimistic about the project’s future, despite the fact that the finalization of certain transactions, including an offtake agreement with BTR, is contingent upon meeting several conditions by March 2024, and cautions investors about the inherent uncertainties. Evolution urges potential investors to consider professional advice, emphasizing the speculative nature of forward-looking statements in the resource sector.
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