Business
Half-Yearly Results
Half-Yearly Results.
About this update from Total Graphite Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2751U\n Tirupati Graphite PLC\n 02 December 2021\n \n \n \n \n The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this information is considered to be in the public domain.\n \n \n \n \n \n 2 December 2021\n \n \n Tirupati Graphite plc \n \n \n ('Tirupati' or the 'Company')\n \n \n Unaudited Half-Yearly Results\n \n \n \n \n \n Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist graphite and graphene company developing sustainable new age materials, is pleased to announce its Interim Results for the six months ended 30 September 2021. The Company's operations include primary graphite mining and processing in Madagascar, and a specialty graphite, graphene and advanced materials operation in India. \n \n \n \n \n \n Growth & Development Highlights\n \n \n · \n Commissioned 9,000 tonnes per annum (\"tpa\") development at greenfield Vatomina Project, Madagascar\n \n \n \n \n \n \n ○\n \n \n \n \n First sales and shipment from Vatomina commenced in October 2021, commercial production expected to be declared in the current quarter\n \n \n \n \n \n \n ○\n \n \n \n \n Additional 54,000 tpa in three modules at Vatomina to follow over a three-year period\n \n \n \n \n \n \n ○\n \n \n \n \n Primary flake graphite production capacity from Madagascar currently 12,000 tpa, targeted to reach 84,000 tpa by end Calendar Year (\"CY\") 2024\n \n \n \n \n \n \n · \n Commenced development of second 18,000 tpa plant at Sahamamy, Madagascar\n \n \n \n \n \n \n ○\n \n \n \n \n Scheduled for completion in Q2 CY 2022 \n \n \n \n \n \n \n ○\n \n \n \n \n Completion to Increase flake graphite capacity to 30,000 tpa during by end of Q2 CY 2022\n \n \n \n \n \n \n ○\n \n \n \n \n Redevelopment of 100-kilo watt Sahamamy hydropower plant on track to be commissioned in Q1 CY 2022\n \n \n \n \n \n \n ·\n Acquisition agreement executed to acquire Suni Resources SA, a Mozambique subsidiary of Battery Minerals subject to conditions precedent (refer RNS dated \n \n 17 August 2021\n \n )\n \n \n \n \n \n \n ○\n \n \n \n \n \n \n \n to add two world-class graphite de...