Large and Jumbo Flake Graphite in Tanzania and Historic Offtake with SINOMA

Magnis Resources (ASX:MNS) is a near term graphite producer with a 100% owned Nachu graphite project in Tanzania, which has a maiden JORC resource of 156 million tonnes at 5.2% graphite, with over 84% of the product consistently produced in Large and Jumbo flake graphite categories. The Company currently has the largest binding offtake agreement in the world with China National Materials Import and Export (SINOMA), a subsidiary of China National Materials Group, for 80,000 tonnes of graphite per annum for a period of 5 years with an option to extend.