Balama Central is being purchased by Tirupati from Battery Minerals Ltd.
The Mozambican government has given a mining licence for the Balama Central project, which would produce 50,000 tonnes of graphite concentrate per year, according to Tirupati Graphite.
Tirupati Graphite PLC (LON:TGR) is a fully integrated specialist graphite and graphene producer, with operations in Madagascar and India, with a vision of developing a world-leading benchmark flake graphite company.