Business
Business Development Update
Business Development Update.
About this update from Total Graphite Plc
[{"type":"text","content":"\n\n18 March 2024 \nTirupati Graphite plc\n('Tirupati', 'TG' or the 'Company')\n \nBusiness Development Update\n \nTirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, is pleased to announce progress on qualification and business development of 97% purity >50# jumbo flakes from its Madagascar projects since its last update (see 4 April 2023 Operational Update RNS). \n \nOverview \n \n· The Company announced achieving bulk production of 97% purity jumbo flake Graphite from its projects in Madagascar on 4 April 2023. \n· Bulk commercial production of 97% purity jumbo flake Graphite from primary operations is a significant technical achievement, rarely replicated outside China.\n· The Company achieved prequalification of this product with a German buyer and supplied a bulk commercial scale full container load for product trials by the customer, which has been successful. \n· As a result, the Company received a further final qualification order from the buyer and has now shipped the next full container load of the material to the buyer.\n· The qualification shipment was supplied on normal commercial terms and reflecting the premium value of this product.\n· Upon receipt and approval of this final qualification container, the Company expects to receive monthly shipment orders from the buyer. \n· The 97% purity jumbo flake material commands a premium of greater than 25% over the normal up to 94% purity grades and upon regular orders being received, has a potential to positively impact the Company's basket price realisation. \n· Qualification of high grade, premium priced products continue simultaneously with other prospective customers in Europe and North America. Such qualifications are typically a long gestation period given that the applications of such products are technologically demanding. \n· The Company continues to remain focused on achieving a value product through technical enhancements to its production facilities in Madagascar and to buil...