- Looking to finance 60% of cost of epanko - Andrew doesn’t see SSB as being a negative for graphite anode demand. o Arne (host) talked about market segmentation between different products like SSB, natural, silicon which should support demand for all. - Due to US inflation reduction ACT, Board decided to put Kwinana development on hold. - Sweden development – Demand hasn’t been as strong. Still on the backburner when interest increases. Confident after product qualification facility is running, they will be able to advance discussions with Sweden development. - Epanko build start – In the process of appointing engineering experts (via tender process) which will inform final investment decision. 18 month build once decision made. o Next calendar year is likely for final investment decision. - EV manufacturers are informing management 2025-26 is where the supply shortage is forecast to occur for graphite. This means they don’t know where the graphite supply will come from after that. - Next Q&A session is in Autumn (no detail on whether this is Nth or Sth hemisphere Autumn).
EGR Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)