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clock Created with Sketch. 26/07/23
11:27
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Originally posted by kathd:
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IG6 is making significant strides to become the pioneer graphite producer with complete mine-to-market operations in WA and was recently awarded $4.7 million by the Australian Government under the national Critical Minerals Development Program.IG6 said the funds will be used to accelerate feasibility studies for their proposed graphite mine in Springdale and establish an advanced battery anode material (BAM) manufacturing plant in Collie. Additionally, the company plans to construct a graphite micronising facility in Collie.A scoping study in April confirmed that the proposed BAM facility would produce high grade battery anode materials for the lithium-ion batteries and generate outstanding financial returns.The plant will be designed with the capacity to process up to 40,000 tonnes annually of graphite concentrate and produce a full-range of downstream graphite products including micronised, spheroidised, and non-HF chemical purified graphite (USPG), along with carbon coating (CSPG) to create highly conductive battery anode material specifically for lithium-ion batteries.Among the different options considered, the most lucrative one involves producing up to 18,600 tonnes per annum of coated, spheroidised, purified graphite (CSPG) and 17,000 tonnes per annum of micronised by-products which is forecast to generate an average annual revenue of US$172 million, with an estimated EBITDA of US$100 million.
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LOL, how long do you think it will take IG6 to get trough all the required processes before even coming close to 1ST MOVER TITLE? Please don't even consider replying unless you have xx years in your reply.
