15th Aug 2022 15:43
Tirupati Graphite PLC - London-based company specialising in graphite and graphene - Concerning the installation of the Vatomina pre-concentrate plant, the fist leg of Vatomina's plant has been constructed, allowing for the pre-concentrate and final concentrate plant being recommissioned and synchronised in operation.
Now, the requirement of transporting 250,000 tonnes of ore per annum to the plant has been replaced by the pumping of 30,000 tonnes per annum or pre-concentrate to the main plant.
Meanwhile, the Sahamamy facilities remain under construction and remains on-track for completion in September.
"With the Vatomina operations coming back online and mobility restored across the two projects, we are well placed to push forward our progress and transform further as we plug in the additional capacity upcoming in Sahamamy," said Executive Chair Shishir Poddar.
Current stock price: 50.33 pence, up 12%
12-month change: down 54%
By Dayo Laniyan; [email protected]
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