Tirupati Graphite PLC Directorate Changes (3922B)
June 01 2023 - 10:17AM
UK Regulatory
TIDMTGR
RNS Number : 3922B
Tirupati Graphite PLC
01 June 2023
1 June 2023
Tirupati Graphite plc
('Tirupati', 'TG' or the 'Company')
Directorate Changes
Tirupati Graphite plc (TGR.L, TGRHF.OTCQX), the specialist
graphite and graphene company developing sustainable new age
materials, is pleased to announce the appointment of Isabel de
Salis as a Non-Executive Director on the Board of Tirupati
Graphite, with effect from 1 June 2023. The Company also advises
that Douglas Wright has resigned as Non-Executive Director of the
Company with immediate effect to pursue other interests.
Isabel has over 25 years' experience across capital markets,
including business consultancy and investor relations for AIM and
Main Market companies. Isabel is currently a Consultant at St
Brides Partners Ltd, which she founded in 2001 to provide investor
and public relations advisory to listed companies. She served as
CEO at St Brides until 2019. Isabel is also currently a Director at
Lepanto Consultancy and Cadenza Developments.
Shishir Poddar, Executive Chairman, said:
"We are delighted to welcome Isabel to the Board as a
non-executive Director. Isabel brings with her deep knowledge and
expertise across capital markets and business strategy. Her
exposure to entrepreneurial growth, including building and growing
her own business and working closely alongside high growth
companies, will benefit Tirupati significantly. I look forward to
working with her as we drive Tirupati forward to become a leader in
the flake graphite market.
"On behalf of the board I would also like to thank Douglas for
his time at Tirupati. He joined at an important period of growth
for the Company and provided valuable direction. I wish him well as
he leaves to pursue other interests."
ENDS
For further information, please visit
https://www.tirupatigraphite.co.uk/ or contact:
Tirupati Graphite Plc
Puruvi Poddar - Chief of Corporate & Business Development admin@tirupatigraphite.co.uk
+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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