Tirupati Graphite has set itself the ambitious target to meet 100% of the power requirements for its Madagascan projects using hydropower.
Automation is already seen by many mines as an essential element of their future productivity and commercial sustainability.
Tirupati has engaged the corporate securities law firm of Galanopoulos & Company to act as its OTC Markets Sponsor.
Mine commissioning is expected to begin in April 2022, followed by a ramp up to a Phase 1 processing plant capacity of 240,000 tpa.
The final investment decision to proceed with development of the Toliara Project in Madagascar has been delayed.
"This takes us one step further towards our goal of increasing capacity in Madagascar to 30,000 tpa by Q1 2022 and 84,000 tpa by 2024."
"The green economy applications for our graphite products provides us the opportunity to play a role in efforts to reduce carbon emissions."
“Outcomes for the remainder of FY21 are expected to be stronger with firm market demand supporting price increases for all our products."