35.8 C
Belgrade
Supported byspot_img
spot_img

Australian Government invests $4.7M in our battery graphite critical minerals development

Member of Europium Groupspot_img
Supported byspot_img

The Australian Government has awarded International Graphite a $4.7M grant through the national Critical Minerals Development Program administered by the Federal Department of Industry, Science and Resources.

The funds, which are expected to be available from 1 June 2023, will help fast-track the integrated mine-to-market graphite supply chain the Company is developing in Western Australia.

Grant funding will be used to advance feasibility studies for the Company’s proposed graphite mine at Springdale, and advanced battery anode material manufacturing plant at Collie, as well as construction of a planned graphite micronising facility, also at Collie. The Company will contribute to the balance of the funding requirements for those activities over time.

Supported by

IG6 Managing Director and CEO Andrew Worland said: “Australia has set its sights on becoming a critical minerals powerhouse and we are thrilled that the Federal Government has recognised our potential to contribute to that vision.

“This grant is an important vote of confidence in our business and confirmation that projects like Springdale and Collie are vital in meeting global decarbonisation targets.”

“By moving from mining to downstream production, we ensure the full value of our natural resources stays here in Australia whilst generating local jobs, supporting regional communities and developing new forward facing industries and minerals processing technologies.

“We are proud to be partnering with both our Federal and State Governments to advance our Western Australian integrated graphite mine-to-market strategy.”

“The world needs new graphite supply. Battery and electric vehicle manufacturers worldwide are searching for new graphite supplies, with high ESG values, to meet the unprecedented demand for batteries.

 

Source: International graphite

Supported byElevatePR Digital

Related News

BRICS countries claim 72% of global rare-earth metals reserves

Evgeny Petrov, head of the Russian Federal Subsoil Resources Management Agency (Rosnedra), stated in an op-ed on the TASS website that BRICS countries, following...

Zijin Mining acquires 9.9% stake in Montage Gold amid stricter Canadian investment rules

Canadian miner Montage Gold announced that Chinese mining firm Zijin Mining Group will acquire a 9.9% strategic stake in the company through a brokered...

China launches National Uranium No.1 Project in Inner Mongolia to boost domestic supply and innovation

The China National Nuclear Corporation (CNNC) has commenced development on the National Uranium No.1 project in the Inner Mongolia Autonomous Region, with operations starting...

Nornickel in talks with China Copper for copper smelting venture in China

Russian mining giant Nornickel is reportedly in discussions with China Copper to establish a smelting facility in China. This joint venture aims to relocate...
Supported by
Supported by
Supported by
error: Content is protected !!