Highlights

• International Graphite advanced the Collie production building to approximately 30% completion.

• The company secured construction and equipment-financing facilities.

• International Graphite signed a binding concentrate supply agreement after quarter-end.

• The company progressed permitting and qualification plans for its Italian processing venture.

International Graphite (ASX:IG6) is developing midstream graphite processing operations in Australia and Europe for industrial, energy-storage and advanced-manufacturing applications. Its strategy combines purchased concentrate with processing technology, while retaining the Springdale resource as a longer-term feedstock option. The September 2026 quarterly report described construction at Collie, financing arrangements and progress in Italy, followed by a post-quarter supply agreement and a proposed company-name change.

Collie Building Takes Shape

Construction progressed after civil works began in June 2026. The production building was approximately 30% complete and targeted for completion during the second quarter of 2027.

The plant configuration was designed to produce standard and higher-grade finished products with particle sizes from five to forty-five micrometres. Production levels would be guided by sales, product margins and customer demand.

The report therefore described construction progress and intended product capabilities, rather than commercial output already achieved at the new facility. Customer requirements remained part of deciding the eventual production mix.

Finance Combines Debt and Government Support

Construction facilities totalled approximately AUD 1.5 million through a secured business loan and overdraft. The business loan provided a two-year period with capitalised interest before conversion into a thirteen-year amortising loan.

An equipment-financing letter-of-credit facility of approximately AUD 1 million was also signed. These arrangements complemented equity, grant and research funding.

The Collie project had an AUD 4.5 million state grant. A milestone payment of AUD 335,000 was received in August, leaving AUD 2.465 million available for drawdown at September-end under the assistance agreement.

Approximately AUD 2.3 million of equity financing was completed in August following approval of the second tranche, adding another component to the development funding mix.

Feedstock Agreement Separates Processing from Mining

After quarter-end, the company signed a binding natural graphite concentrate supply agreement for Collie. The arrangement allowed planned processing operations to begin without first developing a mine to supply them.

The agreement runs for three years from first supply, with an option for a further two years and subsequent rolling six-month extensions. Prices would reflect market conditions when orders were placed.

The company retained full ownership of Springdale, which was at feasibility stage. Its concentrates had been used in processing testwork, but the newly signed supply arrangement provided a separate feedstock route for Collie's startup strategy.

Italian Venture Moves through Permitting

The proposed Porto Marghera venture would be 49% owned by the group, with profits shared equally between the partners. Initial planned capacity was approximately ten thousand tonnes annually, potentially increasing to fifteen thousand tonnes subject to demand.

During the quarter, permitting information was prepared, equipment sources were identified and customer testwork continued. Financing discussions sought debt and non-dilutive sources while limiting new equity contributions.

Separate purification pilot-plant work was nearing completion of electrical installation, with commissioning expected by the end of 2026. The company's allocated capacity was intended to support larger qualification shipments to potential customers.

After quarter-end, the board proposed changing the company name to IG6 Advanced Materials, subject to shareholder approval. Construction, commissioning, customer qualification and financing remained the next operating requirements.