21 November 2024
Tirupati Graphite plc
('Tirupati', 'TG' or
the 'Company')
Directorate Change
Tirupati Graphite plc (TGR.L,
TGRHF.OTCQX), the specialist flake graphite company and
supplier of the critical mineral for the global energy transition,
announces that Mr. Alastair Bath has resigned as a Director of the
Company.
The Company is working on expanding the Board
in the near term with addition of a CFO and Non-Executive
Director(s).
Michael
Lynch-Bell, Chairman, said:
"On behalf of
the board, I would like to thank Alastair for his contribution to
the company. He has been a valued colleague and we wish him well in
his future endeavours."
ENDS
For further information, please
visit https://www.tirupatigraphite.co.uk/ or
contact:
|
Tirupati
Graphite Plc
Puruvi Poddar - Joint Managing
Director
|
admin@tirupatigraphite.co.uk
+44 (0) 20
39849894
|
|
CMC Markets UK
Plc (Broker)
Douglas Crippen
|
+44 (0)20 3003
8632
|
|
Musst /
ViTa-Connect (Financial Adviser)
Tabrez Khan
|
tabrez@vita-connect.co
+44 746 903 3573 /
+971 50871 7864
|
|
FTI Consulting
(Financial PR)
Ben Brewerton / Nick Hennis / Lucy
Wigney
|
+44 (0) 20 3727
1000
tirupati@fticonsulting.com
|
About Tirupati
Graphite
Tirupati Graphite Plc is a specialist Graphite
producer and a supplier of the critical mineral for a decarbonised
economy and the energy transition, with leading low development
capital and operating costs. The Company places a special emphasis
on green applications including renewable energy, e-mobility,
energy storage and thermal management, and is committed to ensuring
its operations are sustainable.
The Company's operations include primary mining
and processing in Madagascar where the Company operates two key
projects, Sahamamy and Vatomina with a combined installed final
production nameplate capacity of 30,000tpa, subject to minor capex
additions. The Madagascar operations produce high-quality flake
graphite concentrate with up to 97% purity and selling to customers
globally.
The Company also holds two advanced stage, world
class, natural graphite projects in Mozambique. Work has already
commenced to optimise the economics for development of the
Montepuez graphite project, which is permitted for 100,000tpa
production and where substantial construction work has already been
undertaken by the predecessor. A table of the Company's projects is
provided below:
|
Country
|
Project
|
Stage
|
|
Madagascar
|
Sahamamy
|
Production paused: 18,000tpa nameplate
capacity
|
|
Madagascar
|
Vatomina
|
In Production: 12,000tpa nameplate
capacity
|
|
Mozambique
|
Montepuez
|
100,000tpa permitted,
construction-initiated
|
|
Mozambique
|
Balama Central
|
58,000tpa permitted,
development-ready
|