International Graphite (ASX:IG6) Advances Graphite Projects
Funding and Construction Initiatives
International Graphite (ASX:IG6) has secured $4.5 million from the Western Australia Government to commence construction of Australia’s first commercial graphite micronising plant in Collie. This funding will support the plant’s initial production capacity of approximately 3,000 tonnes per annum. The project also received an additional $4.0 million grant after the quarter ended, aimed at fast-tracking integration activities at the Springdale project and construction of a spheroidiser plant in Collie.
Mining and Mineralisation Highlights
Two mining leases at the Springdale Graphite Project have been granted, covering nearly all existing mineral resources. Recent drilling results from the Springdale Central deposit indicate high-grade, continuous graphite mineralisation, reinforcing the project’s strategic significance for the company’s growth and delivery of battery-grade graphite.
Product Verification and Future Developments
The latest testwork confirms the suitability of Springdale graphite concentrates for battery anode materials, showcasing exceptional results for yield and purity. The company plans to establish comprehensive downstream processing capabilities at Collie, further solidifying its position as a vertically integrated producer within the lithium-ion battery supply chain. As part of its operational strategy, International Graphite is committed to enhancing its environmental, social, and governance (ESG) practices, ensuring sustainable operations.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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