Specialist graphite and graphene company Tirupati Graphite’s subsidiary Tirupati Madagascar Ventures has entered into an agreement to acquire three additional mining permits in Madagascar for about £167 000.
The transfer of the permits, which cover an area of 31.25 km2 and are located in the vicinity of the company’s existing Vatomina and Sahamamy projects, is subject to approval by the Ministry of Mineral Resources.
As a result of the proximity to its existing operations, Tirupati believes it can progress activities in the acquired projects in a timely and cost-effective manner alongside its other Madagascan projects.
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.
