EcoGraf Starts Farm-In Agreement With Unit of South Africa-Based Mining Firm; Shares Rise 4%

MT Newswires Live

2025/12/17

EcoGraf (ASX:EGR) has started a farm-in agreement with AngloGold Ashanti Holdings, a unit of AngloGold Ashanti, for the Golden Eagle project in Tanzania, according to a Wednesday filing with the Australian bourse.

Under the deal, AngloGold Ashanti may acquire 70% of the project by proving $9 million in capital expenditures in five years, with EcoGraf having a 30% stake.

Shares of the company rose 4% in recent Wednesday trade.

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