Highlights

  • International Graphite shares rose 13.51% to AUD 0.042 during the session.
  • Construction is underway at the Collie Micronising Facility in Western Australia.
  • Wogen has agreed to buy at least 3,000 tonnes a year of micronised graphite from commercial production.
  • IG6 ended the June quarter with approximately AUD 2.71 million in cash.

International Graphite Ltd (ASX:IG6) shares advanced on Monday as the company moves from planning into construction at its Collie graphite processing operation.

IG6 shares were trading at AUD 0.042, up 13.51%, giving the company a Market Capitalisation of approximately AUD 13.25 million. The stock remains 22.22% lower over the past year.

The company is building a processing strategy spanning Western Australia and Europe while retaining the Springdale Graphite Project as a potential Upstream source.

Collie Construction Moves Ahead

International Graphite signed the principal construction contract for the Collie Micronising Facility in June.

The facility is intended to become Australia’s first commercial graphite micronising operation and is being developed in two stages.

Stage 1 and Stage 2 carry a combined budgeted capital cost of approximately AUD 8 million, with completion targeted for the second quarter of 2027.

Equipment for Stage 1 has been selected and ordered, while vendor testwork is being used to finalise Stage 2 equipment requirements.

Commercial Agreement Adds Future Sales Pathway

IG6 has also signed an agreement with Wogen Pacific covering both feedstock Supply and future product sales.

From the start of commercial production, Wogen is expected to purchase a minimum of 3,000 tonnes per year of micronised graphite for distribution to Asia-Pacific customers.

Wogen has also committed to source up to 10,000 tonnes per year of flake graphite concentrate feedstock to support Collie production.

The agreement gives International Graphite a commercial pathway alongside the physical build-out of the facility.

European Joint Venture Adds Another Processing Option

During the June quarter, IG6 progressed its joint venture with Alkeemia S.p.A. for a graphite processing hub at Porto Marghera in Italy.

The parties completed a technical and financial evaluation and are working towards a final Investment decision.

International Graphite raised approximately AUD 4.4 million during the quarter and ended June with cash of around AUD 2.71 million.

What Could Drive International Graphite Shares Next?

Construction progress at Collie, equipment installation and movement towards commissioning will provide visible milestones.

A final investment decision for the European joint venture and further customer agreements could add another layer to the company’s commercial development.

International Graphite Outlook

International Graphite is moving its processing strategy forward through Collie construction, the Wogen commercial agreement and its European joint venture. Delivery against the Collie timetable and progress towards commercial sales will be key measures through FY27.