InvestingCongress
  • Investing
  • Business
  • Stock
  • Politics
Investing

WA Government Awards $6.5 Million to Australia’s First Downstream Graphite Plant

by April 22, 2024
April 22, 2024

International Graphite Limited (ASX: IG6) is delighted to announce it has received an additional $6.5 million grant from the Western Australian Government to establish Australia’s first downstream graphite processing plant. The award builds on two years of establishment work and brings the Company’s total funding from the State’s Collie Just Transition Program to $8.5 million.

Highlights

The Western Australian Government has awarded $6.5 million to progress International Graphite’s downstream operations at Collie.The plant is expected to be Australia’s first purpose-built graphite processing facility and will significantly increase the nation’s sovereign supply of critical battery minerals.The funding will establish commercial-scale micronising operations and progress battery anode feasibility work for concentrate feedstock from the Springdale Graphite Project.The release of funds is subject to a formal agreement being finalised.

The grant was announced by WA Premier the Hon. Roger Cook at the Company’s Collie R&D Facility during the Collie Industry Transition Expo on Saturday 20 April 2024.

Grant funding will be used to advance International Graphite’s plans for a 4,000 tpa commercial-scale graphite micronising operation, at Collie. It will also progress the design of downstream battery anode facilities, and mine-to-market battery anode feasibility work for processing of graphite concentrate feed from the Company’s Springdale Graphite Project.

International Graphite Chairman Phil Hearse said, “We are thrilled by the support and leadership the Western Australian Government is providing to our emerging critical minerals industry and proud of their confidence in us to deliver real benefits for Collie and the State.

“The grants are designed to encourage innovation in three areas – green manufacturing, minerals processing, and energy intensive or future clean energy initiatives. International Graphite’s operations support all three, making our project an extremely good fit with the Government’s priorities for the industry and the region.”


Click here for the full ASX Release

This post appeared first on investingnews.com
previous post
RFK Jr. rarely mentions abortion — and sends mixed signals when he does
next post
Successful Completion of Placement & Institutional Entitlement Offer as Part of A$80M Equity Raising

You may also like

Crypto Market Recap: Metaplanet Buys 1,005 Bitcoin, REX...

July 1, 2025

13 Uranium Companies Exploring Canada’s Athabasca Basin

July 1, 2025

Mali Completes Takeover of Abandoned Gold Mines, Extends...

July 1, 2025

Ian Rodger Appointed Managing Director

July 1, 2025

South Harz Potash Limited

June 30, 2025

Equity Metals

June 30, 2025

Zijin Mining to Acquire Major Kazakh Gold Mine...

June 30, 2025

Terra Clean Energy: Advancing an Expansive Uranium Landholding...

June 30, 2025

Terra Clean Energy

June 30, 2025

Crypto Market Recap: Metaplanet Buys 1,005 Bitcoin, Plans...

June 30, 2025
Join The Exclusive Subscription Today And Get Premium Articles For Free

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent Posts

    • Google makes first foray into fusion in venture with MIT spinoff Commonwealth Fusion Systems

      July 1, 2025
    • Crypto Market Recap: Metaplanet Buys 1,005 Bitcoin, REX to Launch Solana Staking ETF

      July 1, 2025
    • 13 Uranium Companies Exploring Canada’s Athabasca Basin

      July 1, 2025
    • Mali Completes Takeover of Abandoned Gold Mines, Extends Push for Resource Sovereignty

      July 1, 2025
    • Ian Rodger Appointed Managing Director

      July 1, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investingcongress.com | All Rights Reserved

    InvestingCongress
    • Investing
    • Business
    • Stock
    • Politics