REG - Tirupati Graphite - Restoration of Listing

Tirupati GraphiteAnnouncement

07/08/2023 14:45

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RNS Number : 5418I  Tirupati Graphite PLC  07 August 2023

7 August 2023

Tirupati Graphite plc

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

 

Restoration of Listing

 

Tirupati Graphite plc, the specialist graphite producer and a supplier of
critical minerals for the green transition economy, is pleased to announce
that following publication of the audited financial statements for the year
ended 31 March 2023 (FY23 Results) on 3 August 2023, and having completed the
upload of the FY23 Results to the Financial Conduct Authority's National
Storage Mechanism at
www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism,
it has been advised by the FCA that the temporary suspension of listing of the
Company's ordinary shares on the Official List of the Financial Conduct
Authority will be lifted with effect from 7.00 a.m. on 8 August 2023 and that
the listing on the Main Market of the London Stock Exchange, of the ordinary
shares, will be restored at the same time tomorrow.

 

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 3rd 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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