Tirupati Graphite PLC said the Mozambican government granted a mining licence for the Balama Central graphite project for the production of 50,000 tonnes per year of graphite concentrate.
Tirupati is in the process of acquiring Balama Central, and the Montepuez graphite project, from ASX-listed Battery Minerals Ltd.
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.