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Tirupati Graphite Plc ( (GB:TGR) ) has shared an announcement.
Total Graphite has outlined its next development steps for its Mozambique graphite portfolio, starting with commissioning consultants to update the 2017 Definitive Feasibility Study and Value Engineering Study for the Montepuez project. The refreshed work will revalidate project economics under current costs and prices, assess a phased, lower-capex development plan, and support talks with offtake, strategic and financing partners, while similar feasibility work for Balama Central is planned later this year.
The company will also conduct a site visit in early May to review existing infrastructure, including a 100-person camp and processing equipment from earlier construction, which it intends to incorporate into the new studies. With combined resources of over 13 million tonnes of contained graphite and significant exploration upside, the strategy is aimed at positioning Total Graphite for large-scale supply into energy-transition markets and underpinning potential future downstream processing capabilities in a vertically integrated model.
More about Tirupati Graphite Plc
Total Graphite plc is a specialist flake graphite producer focused on supplying natural graphite, a critical mineral for the global energy transition. The company holds two high-grade hard rock flake graphite projects, Montepuez and Balama Central, in Mozambique’s Cabo Delgado province, targeting large-scale offtake into battery and downstream processing markets.
Average Trading Volume: 7,256,306
Technical Sentiment Signal: Sell
Current Market Cap: £11.44M
Learn more about TGR stock on TipRanks’ Stock Analysis page.