Accelerated First Production at Chilalo Project

Metals One

23/10/2025 08:00

RNS Number : 5568E

Metals One PLC

23 October 2025

 

23 October 2025

 

Metals One Plc

("Metals One" or the "Company")

 

Accelerated First Production at Chilalo Project

 

Revised development timeline brings forward first ore production to October 2027

 

Metals One (AIM: MET1), a critical and precious metals exploration and development company, is pleased to note that Evolution Energy Minerals (ASX: EV1) ("Evolution"), in which Metals One holds a 16.9% stake, has announced that it has committed to an accelerated development schedule for its 84%-owned Chilalo Graphite Project in Tanzania, following constructive engagement with the Government of the United Republic of Tanzania and submission of an updated project implementation plan. Evolution also provided an update on the advancement of development and exploration activities across its Chilalo Graphite Project and Chikundo Copper Project.

 

Highlights

 

·    Evolution has committed to an accelerated development schedule, targeting first ore mining by October 2027

·    Evolution is planning a resource development drilling programme, to upgrade and expand Chilalo graphite resource

·    The Chikundo Copper Project exploration programme is being planned with soil sampling, ground geophysics and follow-up drilling

·    Downstream value adding studies are underway to assess in-country downstream processing opportunities

·    Funding discussions are being advanced with African, European, and Middle Eastern banks and sovereign funds

 

Evolution has announced a revised development timeline that brings forward first ore production to October 2027, representing a clear pathway to deliver one of Africa's most advanced undeveloped natural graphite projects. Metals One acquired its 16.9% stake in Evolution in September 2025 through a combination of market purchases and Rights Issue participation.

 

Evolution's full press release is available to view here.

 

Dan Maling, Managing Director of Metals One, commented:

 

"It is fantastic to see Evolution's confidence in the strength of the Chilalo Graphite Project through its decision to accelerate it into production. Chilalo is strategically positioned to benefit from global supply diversification on graphite, and it stands out among the limited number of graphite projects outside China that are nearing development, supported by robust ESG principles, strong backing from the Tanzanian government, and clear exploration potential."

 

Enquiries:

 

Metals One Plc
Daniel Maling, Managing Director
info@metals-one.com
+44 (0)20 7981 2576
Beaumont Cornish Limited (Nominated Adviser)
James Biddle / Roland Cornish
+44 (0)20 7628 3396
Capital Plus Partners Limited (Broker)
Jonathan Critchley
+44 (0)207 432 0501
Vigo Consulting (UK Investor Relations)
Ben Simons / Fiona Hetherington / Anna Stacey
IR.MetalsOne@vigoconsulting.com
+44 (0)20 7390 0230
Fairfax Partners Inc (North America Investor Relations)
connect@fairfaxpartners.ca
+1 604 366 6277

 

About Metals One

 

Metals One is pursuing a strategic portfolio of critical and precious metals projects underpinned by the Western World's urgent need for reliably and responsibly sourced raw materials, and record high gold prices. Metals One's shares are listed on the London Stock Exchange's AIM Market (MET1).

 

Map of Metals One projects/investments

 

 

 

Follow us on social media:

 

LinkedIn: https://www.linkedin.com/company/metals-one-plc/

X: https://x.com/metals_one_PLC

 

Subscribe to our news alert service on the Investors page of our website at: https://metals-one.com

 

About Reach Announcements

 

Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
NRAUOSNRVUURURA