Business
Record Sales Achieved in Q1 2021
Record Sales Achieved in Q1 2021.
About this update from Total Graphite Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9550U\n Tirupati Graphite PLC\n 09 April 2021\n \n \n \n \n \n \n \n 9 April 2021\n \n \n Tirupati Graphite plc ('Tirupati' or the 'Company')\n \n \n Record Sales Achieved Q1 2021 at Primary Graphite Operations in Madagascar\n \n \n \n \n \n Tirupati Graphite plc, the fully integrated, revenue generative, specialist graphite producer and graphene developer with operations in Madagascar and India, is pleased to announce that it achieved record production and sales in Q1 2021 from its Sahamamy 3,000tpa primary graphite mining and processing operations in Madagascar. Additionally, it continues to advance the development of the first 9,000tpa module of its second project, Vatomina, to support the strong demand for its products and expansion of further capacities.\n \n \n \n \n \n Overview\n \n \n · \n Rapidly expanding primary graphite output from Vatomina and Sahamamy to support strong market demand driven by the Company's green credentials and increasing requirements from EVs expandable graphite and other consuming markets.\n \n \n · \n Record sales of high-quality flake graphite achieved from Sahamamy in Q1 2021, breaching 97% of nameplate capacity.\n \n · \n On track to commission updated 9,000tpa Vatomina first module in Q2 2021, lifting primary flake graphite capacity in Madagascar to 12,000tpa output with construction nearing completion, mining equipment fleet arriving and various workstreams progressing.\n \n \n · \n Continuing exploration activities to upgrade and expand the existing mineral resource inventory across both projects.\n \n \n \n \n \n \n Shishir Poddar, CEO of Tirupati Graphite, said, \n \n \n \"We are very pleased with the continued efforts of our team resulting in our achieving near nameplate capacity at Sahamamy and remaining on track to commission Vatomina's first module this quarter, while we still face logistical and other challenges caused by the pandemic. The increase in capacity in Madagascar to 12,000tpa is an important near-term milestone, being the current key revenue source for the Company, and positive step in our existing plan to increase capacity to \n \n 84,000tpa by 2024.\n \n \n \n \n \n \"We are growing at a particularly opportunistic time. In particular, the key role of flake graphite graphene in the green economy is ...