International Graphite Ltd (ASX:IG6) managing director and CEO Andrew Worland talks with Proactive’s Tylah Tully about the $4 million grant the company has received from Western Australian Government to fast-track development of the Springdale graphite resource for its Collie downstream processing facilities and to develop the next stages of technology and processes required to produce critical battery materials.
Worland highlighted the grant's allocation, with 50% funding directed towards trial mining and feasibility studies at Springdale and the other half expanding research and development capabilities at Collie.
He explained that the trial mining would generate concentrate for testing, fostering collaborations with potential partners and investors.
Regarding the Collie facility, Worland shared that plans for the modernised production plant were progressing, supported by an earlier $4.5 million grant.
Front-end engineering design studies are nearing completion, with implementation scheduled to begin shortly.
He emphasised the company’s aggressive timeline for developing its battery anode supply chain and unlocking shareholder value.
"This funding is crucial for unlocking value at Springdale and Collie as we progress toward becoming a key player in the graphite market," said Worland.