15 Dec 2022
Renewable Energy

Wattlestone continues battery metals expansion with Graphite investment

Wattlestone has made an investment in Graphinex, a shovel ready graphite resources company with assets in Tanzania and Queensland, Australia. Both projects have significant high grade shallow resources ready for production in the near future and ready to capture the significant opportunity which exists in the decarbonisation wave. Graphinex is the 100% owner of the Esmeralda Grpahite Project which, as confirmed by historical drilling, has the potential to host Australia’s largest graphite resource. The Tanaznia projects have shallow JORC inferred resources with completed feasibility studies supporting a 14,000 – 50,000 tpa graphite production capacity.

Graphite is most commonly used as the anode material in lithium-ion batteries due to its extremely effective conductor qualities. This use is a key component required for the transition to EV’s.

The World Bank expect that critical minerals to support the electrification / energy transition such as graphite, lithium and cobalt could increase by 500% 2050 with graphite demand expected to grow by 19% per annum.

Grpahinex has a highly experienced battery metals management and board who are well positioned to take the assets through to production. Graphinex is proudly manufacturing in Australia at its Townsville anode facility.