Funding Update

- August 16th, 2018

Magnis Resources (ASX:MNS) is pleased to provide an update on funding discussions for both Magnis and the Nachu Graphite Project (“Nachu”).

Magnis Resources (ASX:MNS) is pleased to provide an update on funding discussions for both Magnis and the Nachu Graphite Project (“Nachu”).

Further to the corporate update made on 25 July 2018, discussions have progressed with multiple groups who are currently undertaking either technical or legal due diligence, with the view of making an investment in the Company. Indications to date point to an investment decision in Magnis being made by the end of the month. Several of the potential investors being considered would be either cornerstone or strategic investors.

In addition, during the past months, the Company has fielded interest from potential joint venture partners for Nachu. Plans are being made for site visits in the current quarter with at least two of these parties.

The Company will provide further details as they come to hand.

Travis Peluso

Investor Relations Director

Magnis Resources Limited

Ph: +61 411 404 814

www.magnis.com.au

Click here to connect with Magnis Resources (ASX:MNS) for an Investor Presentation. 

Source: drive.google.com

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