Commercial Production

- Achieved production of 97% purity jumbo flake graphite

- Prequalification with a German customer

- Expect monthly shipment orders to follow

- Further technical production improvements ongoing

Flake Graphite markets

- Significant energy transition market drivers

- Flake graphite prices recovering due to shortage of supply

- Customers looking for alternative supply chains ex-China

- Benchmark Minerals highlights TGR as one of the few suppliers outside of China

Shishir Poddar, Executive Chairman, said: 

 "Today's announcement is validation of the Company's efforts to maximise the use of its significant production assets to achieve sustained high-grade production and business development for sales of vital grades of this critical mineral to growing ex-China markets, a trend we are working to capitalise on as we execute our ramp up of production in Madagascar.  

 "The high grade 97%, jumbo flake material from primary processing produced without the use of chemical or other treatments is a technically challenging grade to produce and demonstrates the process design superiority in retaining jumbo flakes while achieving higher purity levels and the skill sets the Company's team possesses. The Company continues to bolster its presence in growing markets such as Europe and North American to further support the sales growth of its products in these regions as it continues to enhance its outputs."