Collie River Valley Bulletin, April 14

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COLLIE RIVER VALLEY

BULLETIN Published by LOCALS for LOCALS

Email: advertising@crvbulletin.com | editorial@crvbulletin.com

EDITION No. 78

Graphite company on ASX:

Target almost doubled

THE Collie graphite battery project was given a huge boost when International Graphite (IG) listed on the Australian Stock Exchange (ASX) last Thursday. IG had hoped to raise $10 million by offering 50,000 shares at 20 cents a share, but almost doubled expectations with shares averaging 36.5 cents for the day, after opening at 40 cents and trading as high as 42 cents. As is often the case with new share offerings, IG traded lower at 32.5 cents on Monday before recovering some lost ground to close at 33 cents on Tuesday, indicating sustained interest in the company by investors. The launch is good news for Collie and the company as it will enable: • the commissioning and operation of the research and development project in the LIA; • the integration of the Collie processing plant with the

$2.50

Thursday, April 14, 2022

company’s Springdale resource, near Ravensthorpe. IG plans to take mine concentrate from Springdale and create battery anode materials at the Collie processing plant. The decarbonisation of the energy market is driving global demand for graphite. Company founder and chief executive officer Phil Hearse said there was an “unprecedented demand for battery storage, particularly lithium-ion batteries for electric vehicles”. “Graphite now has critical mineral status in Australia, the United States and the European Union, with demand forecast to outstrip known supply and shortages anticipated worldwide,” he said. IG received a $2 million grant from the Collie Futures Industry Development Fund to help establish its micronising plant in the LIA.

Cervical cancer screening ONE in six Collie women to have cervical screening tests in 2021 received abnormal results. Page 3.

EASTER PARADE WILSON Park Primary School student Lily Collins shows off her handmade hat worn at the school's Eater parade this week. More photos page 6.

Collie’s female leaders

IN COLLIE women are often the driving force behind many business decisions. This week we are celebrating some of them. Pages 11-15.

Happy Easter! We wish you a safe and happy break with friends and family. We look forward to assisting you with our extensive range of banking products and services soon. Find out more. Call us on 9734 7411 or search Bendigo Bank Collie.

Community Bank Collie Bendigo and Adelaide Bank Limited ABN 11 068 049 178, AFSL/Australian Credit Licence 237879 (A1568773), OUT_14369172, 24/03/2022


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