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2026-11-06
◂ Monitor IG6 ASX

International Graphite Limited

Construction · Graphite · Australia · Italy · Germany Rating locked: sign in to view v8 · ig6-20261009t164914-first-fill
Last 2026-11-06
A$0.035
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$11M
EV
A$7.4M
Cash
A$2.7M
Debt
A$1.4M
3 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

4 assets

Core asset

Collie Micronising Facility

Australia

Construction100% ownedGraphite

Building permit granted; construction underway; stage-one equipment ordered.

Processing plant / refinery · Construction
Product and spec
Micronised graphite: standard and high-purity micronised products
Nameplate capacity
4,000 tpa
Throughput (12M)
—
Utilisation
—
Capital intensity (capex / tpa)
A$1,575/(tpa)d
Feed source
Mixed: Springdale concentrate later (captive); Wogen Heads of Terms for up to 10,000 t/y flake concentrate (third-party, non-binding)
Offtake contracted
—
Published study economicsIssuer or study metrics
Initial capexA$8MPublished capital estimate

Combined staged FEED capital estimate, not remaining spend.

Milestones2
  1. Complete staged construction

    Pending · High materiality

  2. Commission commercial micronising plant

    Pending · High materiality

Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
Collie production-building permitShire of CollieGranted—Yes
Economic studies1
StudyStageStatusDateSummary
Collie micronising FEEDFeedCurrent2025-03-20A$6.3m Stage 1 and A$1.7m Stage 2 capital estimate; later product mix snapshot is not a forecast.

Core asset

Porto Marghera graphite processing hub

Italy

DFS Unfunded Developer49% ownedGraphite

Binding 49% equity JV with 50% profit share; A$12m IG6 capital requirement; FID targeted Q3 2026.

Developer · DFS unfunded developer
Study
Technical and financial evaluation (June 2026)
Post-tax NPV (study prices, attributable)
—
NPV restated at our deck (attributable)
Locked
IRR
—
Initial capex (100%)
—
Capital intensity
—
LoM AISC
—
Mine life
—
Published study economicsIssuer or study metrics
Initial capexA$12MPublished capital estimate
Operating cost7,900,000AUD/y

IG6 capital contribution and attributable annual sustaining-cost snapshot under then-current market assumptions.

Milestones1
  1. Porto Marghera final investment decision

    Pending · High materiality

Economic studies1
StudyStageStatusDateSummary
Porto Marghera technical and financial evaluationUpdated FeasibilityCurrent2026-06-17Attributable 12-month EBITDA snapshot A$12.2m; explicitly not a financial forecast.

Material

Springdale Graphite Project

Australia

Scoping Study Developer100% ownedGraphite

100% owned resource and mining leases; feasibility and financing outstanding.

Resource / scoping · Scoping study developer
Contained metal (attributable)
3.2m td
Resource grade
6.5%
% Measured + Indicated
28.1%d
Resource tonnes
49.30 Mt
Our value per attrib. contained unit
Locked
Mining method
—

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Published study economicsIssuer or study metrics
Initial capexA$76MPublished capital estimate
Operating cost467.5USD/t concentrate FOB Fremantle

2024 scoping-study metrics repeated in June 2026 quarterly; cost is USD despite AUD capital currency.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral ResourceIndicated11.5 Mt7.5% TGCGraphite2023-09-12
Mineral ResourceInferred37.7 Mt6.1% TGCGraphite2023-09-12
Tenements2
m74_0252Granted— None · No expiry supplied
m74_0253Granted— None · No expiry supplied
Economic studies1
StudyStageStatusDateSummary
Springdale graphite scoping studyScoping StudyCurrent2024-01-29Quarterly reiterates 46kt/y concentrate, A$76m initial capital and US$450–485/t concentrate cost; not a reserve-backed DFS.

Other

European Expandable Graphite Facility

Germany

Scoping Study Developer0% ownedGraphite

No vested project ownership as of cutoff. Cooperation contemplates a conditional 50/50 incorporated venture after feasibility, funding and approvals; GIP may then earn parent shares.

Published study economicsIssuer or study metrics
Initial capex€5MPublished capital estimate

Preliminary facility capital estimate, not an IG6 commitment.

Economic studies1
StudyStageStatusDateSummary
European expandable graphite conceptScoping StudyCurrent2025-07-28Concept targets 3kt/y and €5m capex, subject to feasibility and binding funding.

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)