Total Graphite plc (LSE:TGR) has appointed Lycopodium Minerals Africa to review and update feasibility work for its Montepuez Graphite Project in Mozambique, using a modular two-stage development approach as the base case.
The Montepuez project is permitted to produce up to 100,000 tonnes per annum of flake graphite concentrate. The review will assess existing feasibility work and examine potential updates to the project’s process design, operating parameters and economics as Total Graphite works towards securing project financing.
The study will draw on an October 2017 Value Engineering Study, which outlined a two-phase development plan. According to Total Graphite, that approach reduced estimated upfront capital and operating costs compared with an earlier single-stage development proposal.
The company said its board believes Montepuez remains competitive in terms of capital efficiency despite anticipated cost inflation since the earlier study. A substantial amount of engineering work has already been completed, while initial infrastructure has also been established at the project site.
Initial results from Lycopodium’s review are targeted for November 2026.
Total Graphite intends to develop Montepuez as a source of graphite outside China and as part of its broader strategy to establish an integrated graphite and anode materials business.
More about Total Graphite plc
Total Graphite plc is a flake graphite company with the Montepuez and Balama Central projects in Mozambique’s Cabo Delgado province. The two projects have a combined resource containing more than 13 million tonnes of graphite, according to the company.
The company is targeting natural graphite markets, including materials used in lithium-ion batteries. Its strategy includes developing Montepuez as an upstream operation alongside downstream anode materials activities, including a planned project in the United States.
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