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 |
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