X marks the spot: Location picked for International Graphite’s BAM facility
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The planning guru’s at International Graphite have found their perfect spot for the company’s proposed Collie Graphite Battery Anode Material(BAM) facility in WA.
Located on 20-hectares of land in the Coolangatta industrial precinct 5km north-east of the Collie town centre, the company has signed an MOU for a 20-year lease on the property with a further 20-year extension on offer.
It marks the next step to building the vision of a streamlined ‘mine to market’ graphite supply chain from its nearby Springdale project after completing a scoping study last month that ran the numbers marketability.
International Graphite (ASX:IG6) said that in addition to being within metres of existing poles and wires to power the proposed facility, the site comes with sufficient land space to consider installing a solar facility to provide energy for the installation.
Recent news from the WA Government about its plan to build one of the world’s biggest batteries at Collie would also help draw down electricity costs for those operating in the region and help bolster the South West Interconnected System (SWIS) energy supplies.
IG6 boss Andrew Worland said securing the Collie site was a significant milestone in the development of the proposed Collie Graphite BAM Facility.
The $317 million BAM facility aims to produce carbon-coated spheroidised purified graphite (CSPG) from 40 kilotonnes per annum (ktpa) of graphite concentrates for a CSPG output of 18.6ktpa and 17ktpa of micronised by-products.
“The land is cleared, well served by sealed roads and civil infrastructure, with ample space to accommodate our initial design and future expansion plans,” Worland said.
“Most importantly, it is only metres from the existing power network which gives us the opportunity to purchase energy at the lowest possible transmission cost.
IG6 said it would conclude a definitive feasibility study for the BAM facility in Q3 2024 then make a final investment decision when funding requirements have been met.
This article was developed in collaboration with International Graphite, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.