The 277th Sydney Mining Club – Leading Edge Event
at 5.15 pm on 4 May 2023 at the Establishment Ballroom and Streaming Live
The Next Lithium?
Three Miners Positioned to Capitalise on the Global Graphite Shortage – the Sydney Mining Club presents International Graphite (ASX: IG6), Sovereign Metals (ASX: SVM) and Black Rock Mining (ASX: BKT) at the Establishment Ballroom.
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Couldn’t get a seat? Due to the popularity of this event all available seats at the Establishment Ballroom have been booked. But you don’t need to miss out – We’ve decided to LIVE STREAM the event and record it so that you can either watch it as it happens or at a later date. Click HERE and then enter the password SMC2023.
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If there’s one critical mineral that could post similar price rises to lithium, it’s graphite:
- Graphite makes up 95 per cent of the raw material in Li-ion battery anodes
- There’s up to ten times more graphite than lithium in a Li-ion battery
- To meet demand, 97 new natural flake graphite mines are required by 2035 – a 240 per cent increase in the number of existing mines
- Currently, almost every kilogram of battery anode material is processed through China
The good news?
As usual, Australian miners are best positioned to fill the supply gap.
International Graphite (ASX: IG6) – Andrew Worland, Managing Director
International Graphite will be Western Australia’s first fully integrated mine-to-market producer of graphite battery anode material.
The company will mine graphite at its Springdale project which is about 150 kilometres west of Esperance in south-eastern WA.
Springdale has an inferred mineral resource estimate of 15.6 million tonnes at 6 per cent after over 6000 metres of drilling since mid-2022.
The graphite will then be processed in Collie, just south of Perth at its BAM pilot plant – the most advanced pilot-scale graphite micronising and spheroidising plant in Australia.
With a market capitalisation of $40 million and a share price appreciation of over 40 per cent in the last month or so, International Graphite is one to watch.
Sovereign Metals (ASX: SVM) – Julian Stephens, Managing Director
Sovereign Metals owns the world’s largest rutile resource and one of the largest graphite resources at its Kasiya project in Malawi.
The numbers are impressive.
Its 18 million tonne rutile resource is the largest ever discovered. It is more than double the rutile resource of its nearest peer. The resource will have a 50-year mine life.
The company’s graphite resource is as good.
It is the world’s second largest graphite resource. The graphite is highly crystalline and of high purity – important features required for use in lithium-ion battery anode.
Don’t think Sovereign Metals will be held back by its African location.
The company will enjoy free-access rail line to the deepest port on the east African seaboard in Mozambique and abundant hydro-electric power.
Malawi is also one of the most stable and advanced economies on the African continent.
Black Rock Mining (ASX: BKT) – John de Vries, CEO
Black Rock owns the world’s fourth largest graphite resource in Tanzania.
Grades are high with 212 million tonnes at 7.8 per cent TGC, and a reserve of 70m tonnes at 8.5 per cent TGC.
The company is heavily backed by the largest ex-China battery anode producer POSCO, and has 80 per cent of its first-stage production under binding offtake or option.
Black Rock aims to be in produced by 2024 and deliver up to 340,000 tonnes per annum of 98.5 per cent graphite concentrate for 26 years.
Not to be missed!
