Tirupati Graphite PLC - Graphite and mineral producer, which is currently focused on flake graphite mining projects in Madagascar - Completes exploration and resource drilling programme at its two Madagascan flake graphite projects. This includes the completion of around 5,000 metres of diamond core drilling, 26,000 metres of auger drilling and 360 running metres of six to eight metres depth trenching across the two projects. Chair Shishir Poddar says: "It is significant to note that the completion of current exploration phase reduces our cash use towards exploration and the team and our resources will be further focussed on achieving our goal of achieving Ebitda positive results at the corporate level in the immediate term."
Current stock price: 5.16 pence, up 0.1%
12-month change: down 81%
By Sabrina Penty, Alliance News reporter
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Tirupati Graph. (TGR)