Announcement • Apr 29
Tirupati Graphite plc Announces Madagascar Operations and Production Update Total Graphite Plc provide an operational update for its Madagascar flake graphite projects. Operations resumed on site following the completion of the fundraising at end of March 2026. • Extensive preparatory maintenance across the project's processing plant and mining fleet, was completed ahead of the operational restart utilising resupply deliveries which arrived at the end of Third Quarter 2025. • The CEO and CFO, together with other group management personnel completed a cumulative 2 week site visit during this month. • Meetings were held with the Ministry of Mining to brief the minister on current operations and future potential development plans. • Shipments from Vatomina to port for onwards delivery to international customers has resumed during April. Mining has resumed from the BK6 mining area, and as has processing via Pre-Concentrate Units ("PCU"), PCU 3 and PCU 4 and the Vatomina Final Processing Plant ("FCU") is ongoing. • Production from PCU1 and 2 is expected to restart in first half of June following: o relocation to Old Mine area, identified as within suitable proximity to new, sufficient quality mining areas; and, o expansion of tailings storage and water reservoir facilities. • Installation and commissioning of a new 3 ton per hour dryer was completed and is operational at the FCU, increasing total drying capacity to 4.5 tons per hour. • Ongoing stockpiling is underway at the operational and future PCU locations to establish equivalent to a month's worth run-of-mine ore to mitigate bad weather. • The Company is finalising a full-year mine plan and a 12-month drilling programme to support long-term growth. • Spare parts inventory has been further built up in order to be ready to deal with future potential breakdowns and damage of equipment in the processing of graphite. A continuous schedule of equipment and parts resupply has been established going forward. Fuel supplies have remained available despite the conflict in the Middle East. However, increased prices and currency fluctuations have meant average fuel costs have risen by over 15% in the short term. • A proposal to introduce solar power generation on-site and reduce exposure to fuel prices is under review. A re-development plan for Sahamamy, that includes a significant hydropower capacity increase is under preparation. The Sahamamy project represents a potential additional 18,000 tpa key strategic growth asset, 8km West of Vatomina. • The existing applications and their status for three additional licences around the Sahamamy project and their progress were discussed in meetings with the ministry of mining over the past two weeks. Board Change • Mar 25
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Non-Executive Director Michael Lynch-Bell is the most experienced director on the board, commencing their role in 2024. Independent Non-Executive Director Christian St. John-Dennis was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Oct 06
Tirupati Graphite plc Appoints James Nieuwenhuys as Non-Executive Director, with Effect from 6 October 2025 Tirupati Graphite plc announced that following the new interim CEO appointment, Mr. James Nieuwenhuys has been appointed as Non-Executive Director, transitioning from his previous role as CEO and an executive director, with effect from 6 October 2025. James will continue to support the Company as an advisor. 
