Tirupati Graphite PLC Restoration of Listing (5418I)
07 August 2023 - 3:41PM
UK Regulatory
TIDMTGR
RNS Number : 5418I
Tirupati Graphite PLC
07 August 2023
7 August 2023
Tirupati Graphite plc
('Tirupati', 'TG' or the 'Company')
Restoration of Listing
Tirupati Graphite plc, the specialist graphite producer and a
supplier of critical minerals for the green transition economy, is
pleased to announce that following publication of the audited
financial statements for the year ended 31 March 2023 (FY23
Results) on 3 August 2023, and having completed the upload of the
FY23 Results to the Financial Conduct Authority's National Storage
Mechanism at
www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism,
it has been advised by the FCA that the temporary suspension of
listing of the Company's ordinary shares on the Official List of
the Financial Conduct Authority will be lifted with effect from
7.00 a.m. on 8 August 2023 and that the listing on the Main Market
of the London Stock Exchange, of the ordinary shares, will be
restored at the same time tomorrow.
ENDS
For further information, please visit
https://www.tirupatigraphite.co.uk/ or contact:
Tirupati Graphite Plc
Puruvi Poddar - Chief of Corporate & admin@tirupatigraphite.co.uk
Business Development +44 (0) 20 39849894
Optiva Securities Limited (Broker)
Ben Maitland - Corporate Finance +44 (0) 20 3034 2707
Robert Emmet - Corporate Broking +44 (0) 20 3981 4173
FTI Consulting (Financial PR) +44 (0) 20 3727 1000
Ben Brewerton / Nick Hennis / Lucy Wigney tirupati@fticonsulting.com
About Tirupati Graphite
Tirupati Graphite Plc is a specialist flake graphite company and
places a special emphasis on "green" applications of flake
graphite, including renewable energy, energy efficiency, energy
storage and thermal management and is committed to ensuring its
operations are sustainable as well.
The Company's operations include primary mining and processing
in Madagascar, where the Company operates two key projects,
Sahamamy and Vatomina. With the start of commercial production of
its latest 18,000 tpa plant at Sahamamy in March 2023, it now has
an installed capacity of 30,000 tpa high-quality flake graphite
concentrate with up to 97% purity in Madagascar, planned to
increase to 84,000 tpa as per the Company's modular medium-term
development plan.
On 3rd April 2023 the Company completed the acquisition of Suni
Resources SA, Mozambique, whose two main assets are (i) the
Montepuez Project which holds the mining licence over an area of
3,667 hectares with JORC 2012 defined reserves & resources of
almost 120 million tonnes; plus (ii) the Balama Central Project,
which has a mining license over 1,543 hectares with JORC 2012
defined mineral reserves and resources of 33 million tonnes. Both
projects have licenses permitting build out to an annual production
of 100,000 and 58,000 tons of flake graphite respectively.
TG believes that the addition of these projects provides the
Company with sufficient resources to achieve its ambition of
satisfying 8% of the estimated global flake graphite demand - of
around 5 million tons per annum - by 2030.
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END
RENEADPXEDPDEFA
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