Highlights

  • International Graphite shares rose 6.52% to AUD 0.049 on 25 June 2026 after announcing a commercial agreement with Wogen Pacific.
  • Wogen will purchase a minimum of 3,000 tonnes per annum of micronised graphite from the Collie Micronising Facility for exclusive distribution across Asia-Pacific markets.
  • Wogen has also committed to sourcing up to 10,000 tonnes per annum of flake graphite concentrate feedstock to support future production growth.
  • The agreement includes access to Wogen's supply chain financing solutions and immediate pre-production marketing support.
  • The Heads of Terms is non-binding and is intended to transition into binding commercial agreements before production begins.

International Graphite Limited (ASX:IG6) shares climbed 6.52% to AUD 0.049 during the afternoon session on 25 June 2026 after the company announced a commercial agreement with Wogen Pacific Limited covering product sales, feedstock supply and marketing support for its Collie Micronising Facility in Western Australia. The announcement represents another step in the company's preparations for commercial production. Despite today's gain, the stock remains marginally down around 2% over the past year.

International Graphite is developing graphite processing operations in Australia and Europe aimed at supplying high-specification industrial graphite products to established markets seeking diversified supply chains. The company's processing platform includes the Collie Processing Facility in Western Australia and the Alkeemia/IG6 Joint Venture at Porto Marghera in Italy. International Graphite also owns the Springdale Graphite Project in Western Australia, providing a potential long-term feedstock source to support future processing expansion.

Commercial Agreement Covers Product Sales and Feedstock Supply

The newly announced Heads of Terms agreement establishes a commercial framework between International Graphite and Hong Kong-based Wogen Pacific Limited.

Under the proposed arrangement, Wogen will purchase, as principal, a minimum of 3,000 tonnes per annum of micronised graphite produced at the Collie Micronising Facility once commercial production begins.

The products will be distributed exclusively to customers across the Asia-Pacific region.

Alongside product sales, Wogen has committed to sourcing up to 10,000 tonnes per annum of flake graphite concentrate feedstock to supply the Collie facility, supporting planned increases in production over time.

According to the company, pricing under the arrangement will be determined on a spot basis or through other mutually agreed commercial pricing mechanisms.

Agreement Supports Commercial Production Plans

The Heads of Terms has been structured around two key commercial components—product sales and feedstock supply.

The initial sales arrangement is expected to operate for three years from the commencement of commercial-scale production, while the feedstock supply arrangement will begin from the first shipment and also continue for an initial three-year term.

Although the current agreement is non-binding, International Graphite said it is intended to be replaced by binding commercial agreements before commercial-scale production commences.

In the meantime, both parties will immediately begin pre-production marketing activities as preparations continue toward production.

Access to Supply Chain Finance Included

Beyond product marketing and feedstock procurement, the agreement also provides International Graphite with access to Wogen Pacific's supply chain financing solutions.

The company indicated that these financing arrangements are intended to support operational activities while improving capital efficiency as production ramps up.

The agreement also includes provisions allowing termination in the event of a material breach and will be governed under Singapore law.

Wogen Brings Global Graphite Trading Experience

International Graphite highlighted Wogen's experience within global specialty metals and minerals markets as a key aspect of the relationship.

Wogen Pacific is a subsidiary of Wogen Limited, which has operated in international metals and minerals trading for more than 50 years.

The group handles a broad range of specialty materials, including graphite, mineral sands, rare earths, ferro alloys, metals, oxides, ores and concentrates.

According to International Graphite, Wogen maintains an established presence across both Asian and European markets, two regions considered strategically important for graphite products.

The company believes these existing marketing, logistics and sourcing capabilities will complement the Collie processing operation as commercial production approaches.

Collie Facility Positioned for Asia-Pacific Customers

Under the proposed arrangement, graphite produced at the Collie Micronising Facility will be marketed exclusively to Asia-Pacific customers through Wogen.

The agreement specifically supports access to customers in markets such as Japan and South Korea, where demand for industrial graphite products continues across advanced manufacturing applications.

Management said the relationship forms part of its broader strategy of partnering with established participants within the graphite supply chain.

Processing Platform Continues to Expand

International Graphite continues developing an integrated graphite processing platform spanning both Australia and Europe.

Its Collie Processing Facility is designed to manufacture high-specification industrial graphite products, while the Porto Marghera joint venture in Italy extends the company's processing footprint into Europe.

Management said these assets are intended to supply industrial customers seeking secure and diversified graphite supply chains amid growing interest in critical minerals across Europe and other developed markets.

The company also retains ownership of the Springdale Graphite Project, providing future feedstock flexibility as processing capacity expands.

Critical Minerals Strategy Remains a Focus

International Graphite noted that recent policy initiatives, including the European Union's Critical Raw Materials Act and broader G7 efforts to strengthen critical mineral supply chains, continue to highlight the importance of establishing processing capacity within trusted jurisdictions.

The company is positioning its processing operations to participate in these evolving supply chain developments by combining processing capability with industry partnerships and long-term feedstock optionality.

What This Means for Investors

International Graphite's agreement with Wogen Pacific expands the commercial framework supporting its Collie Micronising Facility ahead of production. The proposed arrangement covers both future product sales and graphite concentrate supply while also providing access to marketing expertise and supply chain finance solutions. Although the Heads of Terms remains non-binding, it establishes a pathway toward binding commercial agreements as the company progresses towards commercial-scale production.