Highlights

  • International Graphite (ASX:IG6) shares were trading at AUD 0.040, down 4.76% during the afternoon session on 25 August 2026.
  • Construction of the Collie micronising Facility remains on track for commissioning in mid-2027.
  • The facility is expected to produce standard and high-grade graphite products between 5µm and 45µm sizes.
  • Current Spot Price modelling indicates potential annual Revenue of $26.0 million to $32.4 million and potential EBITDA of $11.1 million to $14.2 million.
  • Equipment selection has expanded production capability to include superfine, high value graphite materials.

International Graphite Limited (ASX:IG6) has provided an update on the development of its Collie micronising facility in Western Australia, highlighting construction progress, expanded product capability and potential Earnings opportunities from higher value graphite products.

International Graphite shares were trading at AUD 0.040, down 4.76% during the afternoon session on 25 August 2026, while the shares remained down 33.33% over the past year.

The company said construction of Australia’s first commercial-scale graphite micronising facility remains on schedule, with commissioning targeted for mid-2027.

Facility Progress

International Graphite reported that construction of the production building and installation of the first milling equipment are expected to be completed during Q2 2027.

Vendor testing of additional milling equipment has also been completed, with equipment orders being prepared and delivery expected before the end of Q2 2027.

The final equipment selection was based on market research, product development activities at the Collie Research and Development Centre, customer engagement and discussions with market participants.

The selected equipment will allow the facility to produce a broader range of graphite products than initially considered in the Front-End Engineering Design (FEED) Study, including superfine graphite materials.

Product Capability

The Collie facility is designed to produce standard and high-grade finished graphite products ranging from 5µm to 45µm sizes.

International Graphite said finer finished products can achieve higher potential unit sales prices due to their applications, although production of finer materials involves lower Manufacturing throughput rates and higher unit production costs.

The company expects production levels to be determined by its sales and marketing strategy, with a focus on product mix and customer Demand rather than maximising production volumes.

The facility is expected to have the capability to produce between 4,300 tonnes per year and 6,400 tonnes per year of standard and high-grade finished products.

Earnings Potential

International Graphite provided an illustrative 12-month snapshot based on current spot sales prices and operational modelling.

At the targeted production levels, the company estimates potential annual revenue of between $26.0 million and $32.4 million, with potential annual EBITDA ranging from $11.1 million to $14.2 million.

The company noted that these figures are based on prevailing spot prices and operational assumptions and are not formal financial forecasts or guidance.

Actual outcomes may vary depending on factors including Commodity pricing, operational costs and broader market conditions.

Supply Strategy

The Collie facility is intended to establish a localised graphite processing platform to Supply higher value graphite products.

International Graphite noted that its non-binding Heads of Terms agreement with Wogen Pacific Limited provides a potential pathway for Collie products to reach established Asia-Pacific customers.

The company also stated that Wogen intends to source up to 10,000 tonnes per year of flake graphite concentrate to support future feedstock requirements as Collie production expands.

The company’s cost assumptions remain consistent with previous FEED Study analysis, with processing costs based on engineering data, equipment capability, vendor testing, local power costs, labour rates and current freight and logistics rates.

Growth Pathways

International Graphite expects the Collie facility to provide a platform for further earnings growth through additional production lines and product diversification.

The company is also exploring localised graphite purification and potential future integration with the Springdale Graphite Project in Western Australia.

According to International Graphite, this could support the longer-term development of an integrated Australian graphite processing and manufacturing operation.

The company is developing graphite processing operations in Australia and Europe, including the Collie Micronising Facility in Western Australia and the Alkeemia/IG6 joint venture at Porto Marghera, Italy.

Operations Timeline

International Graphite expects operations at the Collie facility to commence in mid-2027.

The commissioning and ramp-up phase is planned to begin with one eight-hour shift, five days per week for the first 12 months before potentially moving towards 24/7 operations based on market entry conditions.

The company stated that the phased approach is designed to support the initial market entry period.

What Investors May Be Watching

Investors may continue to monitor construction progress at the Collie facility, equipment installation milestones and customer engagement as International Graphite moves towards planned commissioning in 2027.

The company’s next stages will focus on progressing production readiness, expanding product capability and developing potential market opportunities for graphite products.