International Graphite (ASX: IG6) – graphite mine to market
COMPANY SCOREBOARD
| Pro Plus | Pro | Con Plus | Con |
|
|
ABOUT COMPANY
International Graphite (IG6) (https://www.internationalgraphite.technology/) develops and processes graphite in Western Australia. Its flagship is the Springdale Graphite Project and the development of downstream graphite processing facilities in Collie, Western Australia.
The company was listed in April 2022 by raising $10m@20c. At IPO, it had 75m existing shares representing the value of the processing technology and paid CRL 40m shares for Springdale Graphite Project.
CAPITAL STRUCTURE
| ASX Code | Share Price | Shares | Option (In) | Market Cap | Cash/Asset ($m) |
| IG6 | 0.145 | 198158330 | 28732957.8500 | 5/0 |
| Holders No | Top 20 (Cur) | Top 20 (Pre) | Director Hold | Performance Right | Note |
| 1767 | 56.09% | 55.68% | 13.50% | 19000000 | last raise $4m@12.5c |
CRL holds 40m shares by selling the resource at IPO.
COMPANY ASSETS
Springdale Graphite Project Raventhorpe WA
Below are the project’s resources:
Collie WA Downstream Process Facility (3,000tpa)
The company’s flowsheet to produce coated/uncoated spheroidised purified graphite projects to have an IRR of 40% without finance by buying third party graphite concentrates. The operating costs for micronised products average US$1,980 per tonne with current sales pricing exceeding US$3,000 per tonne.
SUMMARY
The Spindale graphite’s current resources and grades are low. The company spent a bit on PR campaigns.