NGX Limited (“NGX”)(ASX:NGX) a leading African Graphite explorer & developer.
Located in the south-east of Africa, Malawi has excellent operating infrastructure in place, is attracting increasing international investment, and is a member country of the Commonwealth. They have shown significant potential and an appetite for mining, especially natural graphite production which is cheaper, has a lower carbon footprint and is more environmentally friendly than its synthetic substitutes.
On 7 December 2022, Sovereign Metals Limited (NGX’s parent company, ASX:SVM) announced the standalone Malawian Graphite Projects which comprise the Nanzeka Project, Duwi Project, Malingunde Project and Mabuwa Project (together, the Graphite Projects) would be demerged to NGX Limited (NGX), pursuant to a Demerger Deed.