Tanzanian Mining Commission Lifts Default Notice on EV1’s Chilalo Licence

Regulatory Setback Resolved for Chilalo Graphite Project

Evolution Energy Minerals (ASX:EV1) has cleared a major regulatory hurdle after Tanzania’s Mining Commission lifted the default notice on Mining Licence ML 716/2023. The licence, critical to EV1’s flagship Chilalo Graphite Project, had been under a default notice since April 2025 but was reinstated effective 21 August 2026 following constructive dialogue between the company and Tanzanian authorities.

This development removes uncertainty around EV1’s tenure at Chilalo, enabling the company to press ahead with its Phase 1 modular development plan aiming for first production by October 2027. The Mining Commission explicitly acknowledged this production timeline, signalling alignment on project milestones.

Project Attributes and Ownership

Chilalo is distinguished by its high-value coarse and jumbo flake graphite, a sought-after product in battery and industrial applications. EV1 holds an 84% stake in the project through its Tanzanian subsidiary, Kudu Graphite Limited, operating within Tanzania’s stable and transparent mineral regulatory framework. The project benefits from an Updated Definitive Feasibility and FEED Study released in March 2023, underpinning the development strategy.

Engagement and Compliance with Tanzanian Authorities

The default notice was initially issued due to compliance concerns, but EV1 responded promptly with a commitment to full adherence to the Mining Act and a detailed development plan. The Mining Commission’s decision to lift the notice reflects confidence in EV1’s approach and ongoing commitment to regulatory compliance.

EV1’s Managing Director Craig Moulton expressed gratitude for the constructive engagement with the Mining Commission and Ministry of Minerals, emphasising a shared goal of responsible project development that delivers tangible benefits such as jobs, skills, and revenue to local communities and Tanzania as a whole.

Looking Ahead for EV1’s Tanzanian Assets

With the Chilalo licence reinstated, EV1 can maintain momentum on its graphite project while continuing to engage with Tanzanian regulators. The company also advances its Chikundo Copper Project, where drilling approvals have recently been secured, reflecting a broader strategy to develop critical mineral assets in Tanzania.

While the lifting of the default notice removes a significant regulatory risk, the targeted October 2027 production date remains subject to the usual uncertainties of project execution and ongoing compliance. EV1’s ability to sustain positive relations with Tanzanian authorities will be key to navigating the complex landscape ahead.