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Graphite mines : Encouraging outlook

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Graphite mines : Encouraging outlook

Vatomina and Sahamamy Projects set to boost graphite production

The prospects for the graphite industry in the Big Island are promising, with significant growth anticipated in the sector, showing no signs of slowing down.

The Vatomina and Sahamamy graphite projects are poised for a substantial increase in production. Shishir Poddar, Executive Chairman of Tirupati Graphite, the company overseeing both projects, made this announcement following the completion of an extensive drilling program, which included diamond and auger drilling work, at both sites. The company is analyzing the results for an independent assessment of mineral resources by SRK Consulting.

« We are highly encouraged by the comprehensive exploration efforts undertaken by our team alongside development and operations. We anticipate that the assessment will substantially increase our resources, underscoring the long-term potential of our projects in Madagascar », stated Shishir Poddar.

Earlier this year, in 2024, Tirupati Graphite announced its intention to optimize graphite production in Madagascar, aiming to maximize the operational capacity of its assets to achieve annual volumes of 36,000 tons. Its operations at Vatomina and Sahamamy have a combined production capacity of 30,000 tons annually. The company aims to scale yearly production to 200,000 tons in Madagascar within the next few years.

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