REG - Tirupati Graphite - Directorate Changes

Tirupati GraphiteAnnouncement

01/06/2023 15:30

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RNS Number : 3922B  Tirupati Graphite PLC  01 June 2023

1 June 2023

Tirupati Graphite plc

('Tirupati', 'TG' or the 'Company')

 

Directorate Changes

 

 

Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist graphite and
graphene company developing sustainable new age materials, is pleased to
announce the appointment of Isabel de Salis as a Non-Executive Director on the
Board of Tirupati Graphite, with effect from 1 June 2023. The Company also
advises that Douglas Wright has resigned as Non-Executive Director of the
Company with immediate effect to pursue other interests.

 

Isabel has over 25 years' experience across capital markets, including
business consultancy and investor relations for AIM and Main Market companies.
Isabel is currently a Consultant at St Brides Partners Ltd, which she founded
in 2001 to provide investor and public relations advisory to listed companies.
She served as CEO at St Brides until 2019. Isabel is also currently a Director
at Lepanto Consultancy and Cadenza Developments.

 

Shishir Poddar, Executive Chairman, said:

 

"We are delighted to welcome Isabel to the Board as a non-executive Director.
Isabel brings with her deep knowledge and expertise across capital markets and
business strategy. Her exposure to entrepreneurial growth, including building
and growing her own business and working closely alongside high growth
companies, will benefit Tirupati significantly. I look forward to working with
her as we drive Tirupati forward to become a leader in the flake graphite
market.

 

"On behalf of the board I would also like to thank Douglas for his time at
Tirupati. He joined at an important period of growth for the Company and
provided valuable direction. I wish him well as he leaves to pursue other
interests."

 

 

ENDS

 

For further information, please visit https://www.tirupatigraphite.co.uk/
(https://www.tirupatigraphite.co.uk/) or contact:

 

 Tirupati Graphite Plc

 Puruvi Poddar - Chief of Corporate & Business Development        admin@tirupatigraphite.co.uk

                                                                  +44 (0) 20 39849894
 Optiva Securities Limited (Broker)

 Ben Maitland - Corporate Finance                                 +44 (0) 20 3034 2707

 Robert Emmet - Corporate Broking                                 +44 (0) 20 3981 4173

 FTI Consulting (Financial PR)                                    +44 (0) 20 3727 1000

 Ben Brewerton / Nick Hennis / Lucy Wigney                        tirupati@fticonsulting.com

 

About Tirupati Graphite

 

Tirupati Graphite Plc is a specialist flake graphite company and places a
special emphasis on "green" applications of flake graphite, including
renewable energy, energy efficiency, energy storage and thermal management and
is committed to ensuring its operations are sustainable as well.

 

The Company's operations include primary mining and processing in Madagascar,
where the Company operates two key projects, Sahamamy and Vatomina. With the
start of commercial production of its latest 18,000 tpa plant at Sahamamy in
March 2023, it now has an installed capacity of 30,000 tpa high-quality flake
graphite concentrate with up to 97% purity in Madagascar, planned to increase
to 84,000 tpa as per the Company's modular medium-term development plan.

 

On 1 April 2023 the Company completed the acquisition of Suni Resources SA,
Mozambique, whose two main assets are (i) the Montepuez Project which holds
the mining licence over an area of 3,667 hectares with JORC 2012 defined
reserves & resources of almost 120 million tonnes; plus (ii) the Balama
Central Project, which has a mining license over 1,543 hectares with JORC 2012
defined mineral reserves and resources of 33 million tonnes. Both projects
have licenses permitting build out to an annual production of 100,000 and
58,000 tons of flake graphite respectively.

 

TG believes that the addition of these projects provides the Company with
sufficient resources to achieve its ambition of satisfying 8% of the estimated
global flake graphite demand - of around 5 million tons per annum - by 2030.

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