Tirupati Graphite plc (LON:TGR, TGRHF.OTCQX), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, has announced its Interim Results for the six months ended 30 September 2023.
The Company is engaged in mining and processing flake graphite, the only key battery mineral where the supply chain is dependent on a single nation across the value chain from mining to final product.
The development of its two projects in Madagascar to a combined capacity of 30,000 tons per annum (“tpa”) was completed at the start of the reporting period, and the Company was engaged in ramping up production, creating markets and increasing sales during the period. The Company also completed the acquisition of Suni Resources SA (“Suni”), Mozambique to add the construction-initiated Montepeuz and DFS-ready Balama Central projects in Mozambique to its portfolio of assets, and further initiated studies for optimisation of the proposed processing facilities to be built at these projects using the lean, cost effective, and sustainable technologies successfully used by the Company at its Madagascar projects.
