Announcement • Jul 29
Total Graphite plc Commences Downstream Graphite Development Programme Total Graphite plc announced the commencement of its downstream graphite development programme, representing the next phase of the Company's strategy to build an integrated graphite materials business. The programme will focus on the development of three higher-value graphite product streams from the Company's graphite concentrates produced in Madagascar and, in due course, Mozambique: High Purity Graphite (HPG), Expandable Graphite (EG), Active Anode Material (AAM). The downstream development programme is focused on High Purity Graphite, Expandable Graphite and Active Anode Material. Bench-scale purification programme targeting graphite purity levels of approximately 99.95% carbon for premium industrial and technical applications. Bench-scale intercalation and expansion studies targeting fire protection, sealing, gasket and specialist industrial markets. Bench-scale spheroidisation, purification and coating studies designed to produce material capable of customer qualification for lithium-ion battery applications. Initial programme to comprise laboratory test work, process flowsheet development and production of representative customer qualification samples. Programme intended to advance the Company further up the graphite value chain and establish the technical foundations for future commercial-scale downstream processing. Downstream development currently being evaluated as two complementary projects: (i) HPG&EG facility and (ii) AAM facility. The downstream development programme is intended to utilise graphite concentrate produced from the Company's operations in Madagascar together with concentrate expected to be sourced from its advanced Mozambique development projects, providing flexibility over future feedstock supply. The programme will be undertaken in collaboration with appropriately qualified technical specialists and will include laboratory-scale metallurgical test work, process optimisation, engineering studies, product qualification, customer sample production and commercial feasibility assessment. The Company's objective is to complete the technical studies and engineering necessary to achieve Final Investment Decision for downstream development project by end of 2026 /early 2027, with construction targeted thereafter, subject to Board approval, financing and regulatory approvals. In parallel with the technical programme, the Company intends to evaluate potential project locations, including Madagascar, India and the United States, taking into account customer proximity, logistics, operating costs, incentives and broader supply chain considerations. Completion of laboratory purification, expansion and spheroidisation test work, with the first set of results, expected over the next 2-3 months. Development and optimisation of process flowsheets. Engineering studies and commercial feasibility assessment. Design and testing in a pilot-scale demonstration facility. Engagement with prospective customers and offtake partners. Publication of feasibility study results and Final Investment Decision end of 2026 /early 2027. Commencement of construction, subject to successful completion of the preceding stages. Announcement • Jul 24
Total Graphite plc Appoints Graeme Chester as Madagascar Head of Operations Total Graphite plc announced the appointment of Mr. Graeme Chester as Head of Operations in Madagascar. Mr. Chester was appointed to guide and support the team on site to implement the workstreams identified for optimising production and bringing about operational readiness in an intense work programme concentrated over the next several months ahead of the January 2027 Vatomina restart target. Mr. Chester will report directly to the Chief Executive Officer. Mr. Chester is an experienced mining engineer with approximately 50 years of experience in minerals, mining, construction and project management, having worked in various countries across Africa, Australia and Asia. Mr. Chester specialises in turnarounds and operational improvements and carried out the recent comprehensive on site review that identified the number of opportunities to prepare the Vatomina project for operational readiness to produce above 1,000 tons per month. Mr. Chester will provide operational leadership utilising his experience to enhance reporting, embed additional procedures and practices to an international standard, and build the team ahead of restarting regular mining and production. Announcement • Jul 17
Total Graphite Temporarily Pauses Production At Vatomina Operation Total Graphite plc had production temporarily paused at its Vatomina operation while operational and geological workstreams, including drilling, mine planning, infrastructure upgrades and final plant optimisation work, are completed. Production restart above 1,000 MTs per month is targeted from December 2026, subject to drilling progress. The Board has concluded that obtaining additional geological information through a targeted drilling programme at Vatomina and updating the mine plan together with updating the Montepuez DFS represent the most effective use of capital at this stage of the Company's development. Production has therefore been temporarily suspended while these activities are completed, with the objective of reducing operational risk and establishing a more robust foundation for future operations. Following several months of operating experience and after an independent technical review, the Board concluded that additional geological information is required to refine mine planning and optimise future production. Accordingly, production has been temporarily paused while drilling, technical studies and optimisation activities are undertaken. The Board believes investing time and capital in completing these improvements will create substantially greater long-term shareholder value than continuing production before optimisation is complete. 
