3rd October 2023

Tirupati Graphite plc

('Tirupati' or the 'Company')

 

Notice of AGM

 

Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, is pleased to inform that it will hold its Annual General Meeting ('AGM') at 10:00 a.m. BST on 26th October 2023 at the offices of Bird & Bird LLP, 12 New Fetter Lane, London EC4A 1JP.

 

The Annual Report and Financial Statements for the year ended 31 March 2023, together with the Notice of AGM and Proxy Form, which sets out the arrangements for the meeting and how shareholders may vote and ask questions have been posted to the registered shareholders who have elected to receive a hard copy and are available on the Company's website, www.tirupatigraphite.co.uk

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

 

ENDS

 

For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:

 

 

About Tirupati Graphite

 

Tirupati Graphite Plc is a specialist flake graphite company and places a special emphasis on "green" applications of flake graphite, including renewable energy, energy efficiency, 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 the start of commercial production of its latest 18,000 tpa plant at Sahamamy in March 2023, it now has an installed capacity of 30,000 tpa high-quality flake graphite concentrate with up to 97% purity in Madagascar, planned to increase to 84,000 tpa as per the Company's modular medium-term development plan. 

 

On 3rd April 2023 the Company completed the acquisition of Suni Resources SA, Mozambique, whose two main assets are (i) the Montepuez Project which holds the mining licence over an area of 3,667 hectares with JORC 2012 defined reserves & resources of almost 120 million tonnes; plus (ii) the Balama Central Project, which has a mining license over 1,543 hectares with JORC 2012 defined mineral reserves and resources of 33 million tonnes. Both projects have licenses permitting build out to an annual production of 100,000 and 58,000 tons of flake graphite respectively.

 

TG believes that the addition of these projects provides the Company with sufficient resources to achieve its ambition of satisfying 8% of the estimated global flake graphite demand - of around 5 million tons per annum - by 2030.