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Malagasy Minerals Limited (ASX:MGY) announced an update on its Malagasy graphite joint venture project in Madagascar.
Malagasy Minerals Limited (ASX:MGY) announced an update on its Malagasy graphite joint venture project in Madagascar.
As quoted in the press release:
Under the joint venture terms, Energizer Resources Inc. (“EGZ”) own a 75% interest and MGY retains a 25% free-carried interest in a defined set of industrial minerals (including graphite and vanadium) through to completion of a Bankable Feasibility Study. MGY retains a 100% interest in all other minerals.