Suspension of Listing pending Financial Report

Tirupati Graphite PLC

01 August 2024

 

1 August 2024

Tirupati Graphite plc

('Tirupati', 'TG' or the 'Company')

Suspension of Listing pending publication of Annual Financial Report

Tirupati Graphite plc, the specialist graphite producer and a supplier of the critical mineral for the energy transition provides the following update in relation to the publication of its Annual Financial Report ("Annual Report").

The Company was required to publish its Annual Report for the year ending 31 March 2024, by 31 July 2024. However, additional work has been required to complete subsidiary audits by the Group auditor in order to maintain audit quality requirements. Company's auditors have requested additional time beyond the originally planned timetable to complete their audit.

As a result, Listing of the Company's ordinary shares on the Main Market of the London Stock Exchange will be temporarily suspended with effect from 7.30 a.m. on 1 August 2024 pending publication of the Annual Report.

ENDS

For further information, please visit https://www.tirupatigraphite.co.uk/ or contact:

Tirupati Graphite Plc  Puruvi Poddar - Joint Managing Director	[e-mail]  [phone]
CMC Markets UK Plc (Broker) Douglas Crippen	[phone]
Musst / ViTa-Connect (Financial Adviser) Tabrez Khan	[e-mail] [phone]
FTI Consulting (Financial PR)  Ben Brewerton / Nick Hennis / Lucy Wigney	[phone]  [e-mail]

About Tirupati Graphite 

Tirupati Graphite Plc is a specialist Graphite producer and a supplier of the critical mineral for a decarbonised economy and the energy transition. The Company places a special emphasis on green applications including renewable energy, e-mobility, energy storage and thermal management, and is committed to ensuring its operations are sustainable. 

The Company's operations include primary mining and processing in Madagascar where the Company operates two key projects, Sahamamy and Vatomina with a combined 30,000 tpa of currently installed capacity, producing high-quality flake graphite concentrate with up to 97% purity and selling to customers globally. 

The Company also holds two advanced stage, world class, natural graphite projects in Mozambique. Work has already commenced to optimise the economics for development of the Montepuez graphite project, which is permitted for 100,000tpa production and where substantial construction work has already been undertaken by the predecessor. A table of the Company's projects is provided below: 

Country	Project	Stage
Madagascar	Sahamamy	In production: 18,000tpa capacity
Madagascar	Vatomina	In production: 12,000tpa capacity
Mozambique	Montepuez	100,000tpa permitted, development-initiated
Mozambique	Balama Central	58,000tpa permitted, development-ready

 

END