Tirupati Graphite PLC Directorate Change (5056O)
03 10월 2023 - 4:00PM
UK Regulatory
TIDMTGR
RNS Number : 5056O
Tirupati Graphite PLC
03 October 2023
03 October 2023
Tirupati Graphite plc
('Tirupati', 'TG' or the 'Company')
Directorate Change
Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist
graphite and graphene company developing sustainable new age
materials, advises that Rajesh Kedia has resigned as Non-Executive
Director of the Company, with immediate effect, to focus on other
commitments.
The Board is currently in the advanced stages of the process to
appoint a new director and will continue to look for suitable
candidates for the near future.
The Board would like to thank Mr Kedia for his service to the
Company and wish him well in his future endeavours.
Shishir Poddar, Executive Chairman, said:
"On behalf of the Board, we would like to thank Rajesh for his
support over the past five years. His contributions in the
Company's journey since our early days as an independent
non-executive director and expertise as an investment banker have
been instrumental in building our strategy and plans over the
years.
"We are moving quickly to appoint new members on the Board and
look forward to updating shareholders as these progress."
ENDS
For further information, please visit
https://www.tirupatigraphite.co.uk/ or contact:
Tirupati Graphite Plc
Puruvi Poddar - Chief of Corporate & Business admin@tirupatigraphite.co.uk
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 1 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
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