International Graphite

PHIL HEARSE

EXECUTIVE CHAIRMAN

(ASX:IG6)

◾ Company Name: International Graphite ◾ Company ASX code: IG6 ◾ Key commodities: Graphite ◾ Key Personnel: Phil Hearse, Executive Chairman | Andrew Worland, Non-Executive Director | David Pass, Non-Executive Director Matthew O’Kane, Non Executive Director ◾ Locations: Western Australia ◾ Market Cap as of 15/07/22: $40.46M ◾Share price range over 12 months as of 15/07/22: $0.460 - $0.245 ◾ Company Website: internationalgraphite.technology

COMPANY PROFILE

International Graphite is a Western Australian company, with a clear mission statement: To become one of the first Australian manufacturers to supply high quality battery anode materials to growing international markets establishing a new supply source for technologies that are helping to build a cleaner, greener world.

A relative newbie to the ASX, IG6 only listed in April this year with an IPO that raised A$10 million via the sale of 50,000,000 shares at $0.20 each, which the company believes was testament to the fact that the market has recognised International Graphite – hardly surprising considering the number of reasons why the company believes it’s an attractive proposition.

“First and foremost, we’re based in Western Australia, which has just been nominated by the Fraser Institute as the Number One jurisdiction in the world for operating in the resources field,” says International Graphite managing director, Phil Hearse.

“We have our resource down near Hopetoun, which is a graphite resource with a high-grade zone,” Hearse continues. “And we’re currently putting a further 7000m of drilling into that to expand the resource, and to upgrade it from inferred to indicated.”

The resource near Hopetown is International Graphite’s Springdale Graphite Project – two tenements it acquired from Comet Resources (ASX:CRL) – which hosts a JORC compliant Inferred Resource of 2.6 Mt @ 17.5%, representing one of the highest grades of graphite resources.

The resource was initially identified as a high priority drill target and an RC drilling program, completed between December 2017 and February 2018, and a further discovery of two new highgrade zones of graphite mineralisation outside the existing resource was announced in May 2019.

The other selling point of the Springdale Graphite Project is that it is located convenient to International Graphite’s proposed downstream processing facility at Collie, which turns the company into a full-service, vertically integrated business in the renewables and battery industries, from the mine to the customer.

“The fact that we have that set in a first-world jurisdiction, in Western Australia – and our focus on the technology side of our business – gives us an edge in development of those technologies, especially for the downstream requirements,” Hearse says.

“We’re running the two streams of our developments in parallel, so we expect to be producing graphite concentrate from our operation and trucking it directly to Collie, to be processed and brought to market.”

While the development of Springdale and the completion of the newest iteration of the processing facility at Collie remain top of mind for International Graphite – and without letting any cats out of the bag – the company isn’t putting all of its eggs in the one basket.

“You could certainly say that we’re open to considering additional graphite resources here in Western Australia,” Hearse says.

International Graphite’s MD is also keen to note that the company is zealous about applying its ESG principles to everything it does, especially when it comes to maintaining control over its product supply chain.

“By mining and processing everything ourselves, we are not dependent on any external resources, which will allow us to take our product to market knowing what the product DNA is going to be – a mark of the consistency and quality assurance that will be a really major part of our program,” Hearse says.

KEY INVESTMENT HIGHLIGHTS

JUNE 28, 2022: Drilling at IG6 Springdale begins. APRIL 13, 2022: IG6 begins trading on the Frankfurt Stock Exchange. APR 7, 2022: International Graphite makes its ASX debut.