Tirupati Graphite reveals the "icing on the cake" in Mozambique
London, UK
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July 11, 2023 06:47 AM Eastern Daylight Time
Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) CEO Shishir Poddar speaks to Thomas Warner from Proactive London after releasing a post-acquisition update on the specialist flake graphite and graphene company's new assets in Mozambique. Poddar expresses enthusiasm about the acquisition, stating that the graphite assets in Mozambique are among the best in the world. He also revealed that the graphite tailings in the deposits contain a significant amount of vanadium, which could potentially become a valuable revenue source. He describes the vanadium as the "icing on the cake" for the company's operations in Mozambique, where Tirupati now has two projects. The Montepuez and Balama Central projects were bought from Battery Minerals Limited earlier this year, and are jointly permitted for c.158,000 tons per annum of flake graphite production. Poddar mentions upcoming tests and analysis of the tailings to determine their vanadium content and recovery methods and concludes by highlighting Mozambique as an ideal jurisdiction for graphite mining.
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