International Graphite commences trading on Frankfurt Stock Exchange
13 April 2022
- International Graphite Limited (ASX: IG6) commenced trading on the Frankfurt Stock Exchange as (FSE:H99) at 8am CET on Tuesday, 12 April 2022.
- The company aims to pursue sales contracts for its battery anode graphite and to capture a share of Europe’s progressive battery market, estimated at €250 billion pa by 2025.[i]
- IG is investigating advanced technology from Germany and has commenced discussions with German downstream battery technologies companies for testing of its graphite concentrates.
- IG is represented in Europe by the German Institute for Asset and Equity Allocation and Valuation (DGWA) and is a member of the European Battery Alliance (EBA250) and European Raw Minerals Alliance (ERMA).
International Graphite Limited (ASX: IG6) is pleased to announce that its shares have commenced trading on the Frankfurt Stock Exchange under the code (FSE: H99).
International Graphite is an Australian company with plans to be one of the first all-Australian producers of high quality battery anode graphite, establishing a new supply for global markets and supporting technologies that are driving global decarbonisation.
The company is represented in Europe by the German Institute for Asset and Equity Allocation and Valuation (DGWA) which will continue to provide support as investor relations specialist and corporate advisor.
Europe’s progressive battery and electric vehicle supply chain is a priority market for the company which is a member of the European Battery Alliance (EBA250) and European Raw Minerals Alliance (ERMA).
International Graphite’s vertically-integrated projects incorporate the Springdale Graphite Resource and planned downstream Collie processing facilities, both located in the world leading mining centre of Western Australia.[ii]
International Graphite is investigating advanced technology from Germany and, once its operations are established, intends to pursue sales contracts for its battery anode materials in Germany and other European markets. It has commenced discussions with German downstream battery technology companies for testing of the Springdale graphite concentrate.
Executive Chairman of International Graphite Phil Hearse said, “Listing on the Frankfurt exchange signals our intention to develop close ties with Europe, particularly in the German market, and broaden our stakeholder engagement.
International Graphite plans to be a leader in ESG practices and to operate in a manner that minimises its carbon emissions. Its vertically integrated operation will provide product oversight from mine to customer, allowing the company to maintain control of its ESG practices over the complete supply chain.
DGWA CEO Stefan Müller said, “It is an excellent time for International Graphite to dual list in Frankfurt and commence engaging with European investors and stakeholders.
“The tailwinds for downstream graphite companies in Europe are significant as car makers and OEMs attempt to lock in long term supply agreements and investors seek companies offering sustainably and ethically sourced battery metals and materials, such as from International Graphite’s future production.”
This announcement has been authorised for release by the Board of Directors of International Graphite.
Phil Hearse
Executive Chairman
FOR MORE INFORMATION CONTACT:
Market Inquiries
Robert Hodby
CFO/Company Secretary
M +61 407 770 183
Media Inquiries
Marie Howarth
Marketing & Communications
M +61 412 111 962
European Investor Relations
DGWA
Kaiserhofstraße 13
60313 Frankfurt am Main
Germany
ABOUT INTERNATIONAL GRAPHITE
International Graphite owns 100% of the Springdale Graphite Project, in southern Western Australia, and research and development pilot graphite processing facilities, in Collie Western Australia.
Springdale has an existing Inferred Mineral Resource estimate of 15.6 million tonnes @ 6% total graphitic content (TGC), including a high-grade Inferred Mineral Resource component of 2.6 million tonnes @ 17.5% TGC.[iii],[iv]
The company intends to produce graphite finished products, including battery anode material, for the global EV and renewable energy markets by developing a ‘mine to market’ strategy integrating future mining and graphite concentrate production from Springdale with commercial scale downstream processing facilities at Collie.
Globally, decarbonisation is revolutionising the transport and energy markets, creating unprecedented demand for battery storage, particularly lithium-ion batteries for electric vehicles.
Graphite now has critical mineral status in Australia, the United States and Europe, with demand forecast to outstrip known supply and shortages anticipated worldwide. Technology and battery manufacturers are looking for new suppliers who can deliver quality produce with high standards of ESG performance.
International Graphite intends to build on Australia’s reputation for technical excellence in mining and metals and high standards in environmentally responsible, ethical, and sustainable resource operations.
COMPETENT PERSONS STATEMENT
Springdale Graphite Project
The information in this announcement which relates to exploration targets, exploration results or mineral resources is based on information compiled by Mr. Peter Langworthy. Mr. Langworthy has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (the JORC Code). Mr. Langworthy is Managing Director and Principal Consultant of OMNI GeoX Pty Ltd. Mr. Langworthy consents to the inclusion of the information in this announcement in the form and context in which it appears.
The Competent Person confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.
[i] Source: European Battery Alliance www.eba250.com. Accessed 13 April 2022.
[ii] Refer to the Company’s Prospectus dated 21 February 2022 and Supplementary Prospectus dated 4 March 2022 for further details including the Independent Technical Assessment Report and Competent Persons Statement.
[iii] Refer to Comet Resources Limited (ASX:CRL) ASX announcement dated 6 December 2018.
[iv] Refer to the Company’s Prospectus dated 21 February 2022 and Supplementary Prospectus dated 4 March 2022 for further details regarding the Mineral Resource estimate, including the Independent Technical Assessment Report prepared in respect of the Springdale Graphite Project.
