Early Gold Results Boost EcoGraf’s Tanzanian Ambitions but Drilling Remains Key

Exploration Breakthrough in Tanzania

EcoGraf Limited (ASX – EGR) has revealed encouraging results from its maiden gold exploration program across its Tanzanian assets, marking a significant step in unlocking value from the under-explored Proterozoic and Archean terrains. The highlight is a 4.45 grams per tonne (g/t) gold rock chip sample from the Hazina prospect within the Southern Frontier Gold Project, supported by stream sediment samples reaching up to 8,820 parts per billion (ppb) gold. These findings underscore the strong prospectivity of EcoGraf’s Golden Frontiers portfolio, which spans over 3,000 square kilometres across Northern, Southern, and Western Tanzania.

Golden Frontiers – A New Gold Province

The Golden Frontiers encompass the Golden Eagle Gold Project and three frontier projects, collectively hosting 21 highly prospective gold targets. The Southern Frontier, situated near EcoGraf’s Epanko Graphite Project, has delivered particularly promising results at Hazina, where a 3-kilometre-long geochemical anomaly aligns with a significant geophysical magnetic anomaly. This suggests potential for a substantial Proterozoic gold discovery analogous to Tanzania’s known deposits like Handani and New Luika, each hosting over one million ounces of gold.

Strategic Partnership with AngloGold Ashanti

Adding weight to EcoGraf’s exploration momentum is the commencement of a US$9 million farm-in agreement with AngloGold Ashanti (AGA) on the Golden Eagle Gold Project. Located on the eastern margin of the prolific Lake Victoria Goldfields, Golden Eagle covers a direct extension of the Banded Iron Formation that hosts the high-grade Winston gold deposit. AGA’s experienced Tanzanian exploration team is now leading efforts to identify a Tier-1 deposit, with EcoGraf retaining a 30% interest. The farm-in agreement also brought an immediate payment of A$491,600 to EcoGraf, including reimbursed costs.

Northern and Western Frontiers – Untapped Potential

Beyond Southern Frontier and Golden Eagle, EcoGraf’s Northern and Western Frontier projects cover extensive ground with historic gold and copper occurrences. These areas remain largely under-explored by modern standards but share geological similarities with established Tanzanian goldfields. The company has delineated 16 priority gold prospects here, ready for detailed field assessment. Notably, the Northern Frontier also shows promise for nickel sulphide and lithium mineralisation, adding further strategic value.

Positioned for Growth Amid Rising Gold Prices

EcoGraf’s exploration success comes at a time of surging gold prices, recently surpassing US$4,500 per ounce, with forecasts anticipating further gains. The company is actively evaluating strategic options for its Golden Frontier assets, including partnerships, continued independent exploration, or divestment to maximise shareholder value. Meanwhile, EcoGraf continues to advance its flagship Epanko graphite project and downstream processing initiatives, maintaining a balanced portfolio across critical minerals.

Looking Ahead

With a robust geological model supported by integrated datasets and initial high-grade results, EcoGraf is well-positioned to advance its Tanzanian gold projects toward drill-ready status. The combination of strategic partnerships, promising exploration results, and a supportive Tanzanian government framework sets the stage for potential significant discoveries in the Golden Frontiers.