EcoGraf has completed the Independent Engineers’ Report for its Epanko graphite project, paving the way for crucial debt financing and an updated feasibility study.
- Independent Engineers’ Report (IER) completed for Epanko project
- Debt financing up to US$105 million arranged with KfW IPEX-Bank
- Rigorous technical and environmental due diligence conducted
- Updated Bankable Feasibility Study (BFS) expected in February 2026
- Compliance with international environmental and social standards
Completion of Independent Engineers’ Report
EcoGraf Limited has reached a significant milestone in the development of its Epanko graphite project with the completion of the Independent Engineers’ Report (IER). This report, a critical prerequisite for securing project debt financing, was submitted to KfW IPEX-Bank following an extensive technical due diligence process that began in 2024. The IER’s completion signals confidence in the project’s technical and operational viability, aligning with international standards required by lenders.
Securing Debt Financing
The IER completion is a key step towards finalising a senior secured loan facility of up to US$105 million, arranged under the German Untied Loan Guarantee scheme through KfW IPEX-Bank. This financing is expected to underpin the construction and development phases of the Epanko project, providing EcoGraf with the capital necessary to advance its graphite mining ambitions. The involvement of a reputable international lender underscores the project’s credibility and potential.
Environmental and Social Governance
EcoGraf has demonstrated a strong commitment to environmental and social governance by aligning its project development with rigorous international frameworks. The company’s Resettlement Action Plan, environmental baseline studies, impact assessments, and management plans comply with standards such as the IFC Performance Standards, the Equator Principles, and the Global Industry Standard on Tailings Management. These measures aim to mitigate environmental impact and ensure responsible community engagement, critical factors for sustainable mining operations.
Next Steps, Updated Feasibility Study
Following the IER, EcoGraf plans to finalise an updated Bankable Feasibility Study (BFS) by February 2026. This updated BFS will incorporate the latest technical findings and financial assumptions, providing a refined blueprint for project execution. Investors and stakeholders will be watching closely for this report, as it will offer greater clarity on project economics, timelines, and potential risks.
Overall, the completion of the IER marks a pivotal moment for EcoGraf, moving the Epanko graphite project closer to production and positioning the company to capitalise on growing demand for graphite, a critical mineral in battery technologies and renewable energy sectors.
Bottom Line?
With the IER behind it, EcoGraf is poised to secure financing and deliver an updated feasibility study that could define the future of the Epanko project.
Questions in the middle?
- What are the final terms and conditions of the US$105 million loan facility?
- How will the updated BFS impact the project’s timeline and capital expenditure?
- What ongoing environmental and social challenges might affect project development?