1 August 2024
Tirupati Graphite
plc
('Tirupati', 'TG' or the 'Company')
Suspension of Listing pending
publication of Annual Financial Report
Tirupati Graphite plc, the
specialist graphite producer and a supplier of the critical mineral
for the energy transition provides the following update in relation
to the publication of its Annual Financial Report ("Annual Report").
The Company was required to publish
its Annual Report for the year ending 31 March 2024, by 31 July
2024. However, additional work has been required to complete
subsidiary audits by the Group auditor in order to maintain audit
quality requirements. Company's auditors have requested additional
time beyond the originally planned timetable to complete their
audit.
As a result, Listing of the
Company's ordinary shares on the Main Market of the London Stock
Exchange will be temporarily suspended with effect from 7.30 a.m.
on 1 August 2024 pending publication of the Annual
Report.
ENDS
For further information, please
visit https://www.tirupatigraphite.co.uk/
or contact:
|
Tirupati Graphite Plc
Puruvi Poddar - Joint Managing
Director
|
admin@tirupatigraphite.co.uk
+44 (0) 20 39849894
|
|
CMC
Markets UK Plc (Broker)
Douglas Crippen
|
+44 (0)20 3003 8632
|
|
Musst / ViTa-Connect (Financial Adviser)
Tabrez Khan
|
tabrez@vita-connect.co
+44 746 903 3573
|
|
FTI
Consulting (Financial PR)
Ben Brewerton / Nick Hennis / Lucy
Wigney
|
+44 (0) 20 3727 1000
tirupati@fticonsulting.com
|
About Tirupati Graphite
Tirupati Graphite Plc is a
specialist Graphite producer and a supplier of the critical mineral
for a decarbonised economy and the energy transition. The Company
places a special emphasis on green applications including renewable
energy, e-mobility, energy storage and thermal management, and is
committed to ensuring its operations are
sustainable.
The Company's operations include
primary mining and processing in Madagascar where the Company
operates two key projects, Sahamamy and Vatomina with a combined
30,000 tpa of currently installed capacity, producing high-quality
flake graphite concentrate with up to 97% purity and selling to
customers globally.
The Company also holds two advanced
stage, world class, natural graphite projects in Mozambique. Work
has already commenced to optimise the economics for development of
the Montepuez graphite project, which is permitted for 100,000tpa
production and where substantial construction work has already been
undertaken by the predecessor. A table of the Company's projects is
provided below:
|
Country
|
Project
|
Stage
|
|
Madagascar
|
Sahamamy
|
In production: 18,000tpa
capacity
|
|
Madagascar
|
Vatomina
|
In production: 12,000tpa
capacity
|
|
Mozambique
|
Montepuez
|
100,000tpa permitted,
development-initiated
|
|
Mozambique
|
Balama Central
|
58,000tpa permitted,
development-ready
|