Latest Tanzania News

EcoGraf has replaced its earlier Epanko announcement after ASX correspondence, setting out the assumptions behind a potential increase in Stage 1 production to 87,600 tonnes per annum. The higher-throughput case lowers estimated unit costs, but remains preliminary and is not yet the basis for project financing or a final investment decision.

Black Rock Mining has advanced early works at its Mahenge graphite project, but the annual report warns that securing approximately US$298 million of project funding by November is critical to its survival as a going concern. The company ended FY2026 with A$4.7 million in cash and an A$7.6 million net loss.

QX Resources reduced its annual loss and ended June with $1.64 million in cash, but its auditor has warned that the company must raise more money to keep operating. The Madaba uranium project has produced a sizeable conceptual exploration target, yet it remains some distance from a mineral resource.

Indiana Resources has finished FY2026 with A$30.1 million in cash and term deposits, promising exploration results in South Australia and an unresolved dispute over 18% of its Tanzania settlement proceeds. The company is also preparing for Managing Director and CEO Matthew Bowles to leave in November.

EcoGraf’s underwritten share purchase plan raised $3.552 million, well above its $2 million target, after shareholders applied for the full oversubscription. The result gives the company additional funding while leaving the final issue price and dilution to be confirmed.

Noble Helium has rebuilt its balance sheet ahead of drilling at Tanzania’s North Rukwa project, but its auditor has warned that future capital raisings remain critical to the company’s survival. The Kinambo campaign is now moving from preparation to execution, with two wells planned and a prospective helium resource still to be proven.

Adavale Resources has expanded its Parkes gold inventory to 383,300 ounces and consolidated a 610-square-kilometre position around London-Victoria and Calarie. The gains came alongside a larger annual loss, A$4.95 million in operating cash outflows and an auditor warning that future funding remains critical.

EcoGraf has strengthened the technical and commercial case for its Tanzanian graphite strategy, including a larger Epanko ore reserve and planned downstream processing. But cash fell to A$3.8 million, and auditors flagged a material uncertainty over the company’s ability to continue as a going concern.

EcoGraf’s preliminary review has identified potential to lift Epanko Stage 1 production from 73,000 to 87,600 tonnes per annum, while reducing first-10-year C1 costs by 5.8%. The higher-output case remains subject to further engineering, financing work and a Final Investment Decision.

Resource Minerals International has expanded its exploration push across Tanzania and Saudi Arabia, but auditors flagged a material uncertainty over the company’s ability to continue without future capital raisings. The ASX-listed explorer ended FY2026 with $2.12 million in cash after raising funds through placements and convertible securities.

EcoGraf has begun a European Investment Bank-funded study program worth up to €2 million to test expansion options for its Epanko graphite project and planned battery anode operations. The work could strengthen future financing and development decisions, but it remains a planning exercise rather than a construction commitment.

US1 Critical Minerals has agreed to transfer six Tanzanian uranium licences to Bradda Head Lithium for up to US$1.8 million, while retaining its Lilombe Project. The deal remains subject to regulatory approvals and other closing conditions.