In a significant milestone, International Graphite Limited has secured funding to construct the first purpose-built commercial graphite micronising plant in Australia.
The Company has entered into a funding agreement with the Western Australian Government releasing $4.5M of the grant announced by WA Premier Roger Cook on 22 April 2024.
$2.0M will support construction of Stage 1 comprising a ~3,000 tpa micronising facility to be built, at an estimated capital cost of ~$4.0, adjacent to the Company’s existing premises in the Collie Light Industrial Area.
A further $2.5 million from the grant will be applied towards expansion of the facility in Stage 2.
The new facility will establish the Company’s foothold in the graphite industry and will ultimately process concentrate from the Company’s planned mine at Springdale, in Western Australia.
The Company envisages growing the Collie Micronising Facility to around 10,000 tpa capacity. The plant is expected to produce 95% total graphitic content (TGC) and 99% TGC micronised products.
Caption: April 2024 – Inspecting the proposed site for the new commercial micronising plant at Collie, from left, WA Regional Development Minister Don Punch, IG6 Chairman Phil Hearse, Collie-Preston MLA Jodie Hanns and IG6 Managing Director Andrew Worland.