REG - Total Graphite PLC - Madagascar Operations and Production Update

Total GraphiteAnnouncement

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RNS Number : 8990B  Total Graphite PLC  27 April 2026

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27 April 2026

Total Graphite Plc

('Total Graphite' or the 'Company')

 

Madagascar Operations and Production Update

 

Madagascar Operations Resumed and Production Ramp-Up Underway

 

Total Graphite Plc (TGR.L), the specialist flake graphite company and supplier
of the critical mineral for the global energy transition, is pleased to
provide an operational update for its Madagascar flake graphite projects.

 

Operational Highlights

 

Vatomina

 

•     Operations resumed on site following the completion of the
fundraising at end of March 2026.

•     Extensive preparatory maintenance across the project's processing
plant and mining fleet, was completed ahead of the operational restart
utilising resupply deliveries which arrived at the end of Q3 2025.

•     The CEO and CFO, together with other group management personnel
completed a cumulative 2 week site visit during this month.

•     Meetings were held with the Ministry of Mining to brief the
minister on current operations and future potential development plans.

•     Shipments from Vatomina to port for onwards delivery to
international customers has resumed during April.

 

Production

 

•     Mining has resumed from the BK6 mining area, and as has processing
via Pre-Concentrate Units ("PCU"), PCU 3 and PCU 4 and the Vatomina Final
Processing Plant ("FCU") is ongoing.

•     Production from PCU1 and 2 is expected to restart in first half of
June  following:

o  relocation to Old Mine area, identified as within suitable proximity to
new, sufficient quality mining areas; and,

o  expansion of tailings storage and water reservoir facilities.

 

•     Installation and commissioning of a new 3 ton per hour dryer was
completed and is operational at the FCU, increasing total drying capacity to
4.5 tons per hour.

•     Ongoing stockpiling is underway at the operational and future PCU
locations to establish equivalent to a month's worth run-of-mine ore  to
mitigate bad weather.

•     The Company is finalising a full-year mine plan and a 12-month
drilling programme to support long-term growth.

•     Spare parts inventory has been further built up in order to be
ready to deal with future potential breakdowns and damage of equipment in the
processing of graphite. A continuous schedule of equipment and parts resupply
has been established going forward.

 

Fuel and Power

 

•     Fuel supplies have remained available despite the conflict in the
Middle East. However, increased prices and currency fluctuations have meant
average fuel costs have risen by over 15% in the short term.

•     A proposal to introduce solar power generation on-site and reduce
exposure to fuel prices  is under review.

 

Sahamamy Re-development Planning Commenced

 

•     A re-development plan for Sahamamy, that includes a significant
hydropower capacity increase is under preparation. The Sahamamy project
represents a potential additional 18,000 tpa key strategic growth asset, 8km
West of Vatomina.

•     The existing applications and their status for three additional
licences around the Sahamamy project and their progress were discussed in
meetings with the ministry of mining over the past two weeks.

 

 

Arun Somani, CEO of Total Graphite, commented:

"We are pleased to confirm that we are progressing operations at Vatomina with
preparations for ramped-up production are well underway and at an advanced
stage. Whilst there is still significant work to complete, the professionalism
and enthusiasm of the site team, improvements in planning and operational
processes, and upgrades to equipment completed over the past year to date set
us on a positive trajectory. It is positive to note demand remains robust for
our flake graphite, with new customer inquiries and orders being received as
customers seek to diversify their flake graphite supply chains. We look
forward to providing further progress updates on our Madagascar operations and
the wider Group in due course."

 

ENDS

Enquiries:

 Total Graphite Plc                      +44 7356 057 265

 Arun Somani - Chief Executive Officer                        info@tirupati.co.uk (mailto:info@tirupati.co.uk)

 Alastair Bath - Investor Relations                           IR@tirupati.co.uk (mailto:IR@tirupati.co.uk)

 AlbR Capital Limited - Financial Adviser                     +44 (0) 20 7469 0930

 David Coffman / Dan Harris

 

info@tirupati.co.uk (mailto:info@tirupati.co.uk)

IR@tirupati.co.uk (mailto:IR@tirupati.co.uk)

 

AlbR Capital Limited - Financial Adviser

David Coffman / Dan Harris

+44 (0) 20 7469 0930

 

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