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WA Government Awards $6.5 Million to Australia’s First Downstream Graphite Plant

International Graphite Limited (ASX: IG6) is delighted to announce it has received an additional $6.5 million grant from the Western Australian Government to establish Australia’s first downstream graphite processing plant. The award builds on two years of establishment work and brings the Company’s total funding from the State’s Collie Just Transition Program to $8.5 million.

Highlights

The Western Australian Government has awarded $6.5 million to progress International Graphite’s downstream operations at Collie.The plant is expected to be Australia’s first purpose-built graphite processing facility and will significantly increase the nation’s sovereign supply of critical battery minerals.The funding will establish commercial-scale micronising operations and progress battery anode feasibility work for concentrate feedstock from the Springdale Graphite Project.The release of funds is subject to a formal agreement being finalised.

The grant was announced by WA Premier the Hon. Roger Cook at the Company’s Collie R&D Facility during the Collie Industry Transition Expo on Saturday 20 April 2024.

Grant funding will be used to advance International Graphite’s plans for a 4,000 tpa commercial-scale graphite micronising operation, at Collie. It will also progress the design of downstream battery anode facilities, and mine-to-market battery anode feasibility work for processing of graphite concentrate feed from the Company’s Springdale Graphite Project.

International Graphite Chairman Phil Hearse said, “We are thrilled by the support and leadership the Western Australian Government is providing to our emerging critical minerals industry and proud of their confidence in us to deliver real benefits for Collie and the State.

“The grants are designed to encourage innovation in three areas – green manufacturing, minerals processing, and energy intensive or future clean energy initiatives. International Graphite’s operations support all three, making our project an extremely good fit with the Government’s priorities for the industry and the region.”


Click here for the full ASX Release

This post appeared first on investingnews.com
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