- Purchase order placed for a further 500 tonnes from the Sri Lankan Government-owned graphite mine
- Extension of supply agreement evidences the excellent relationship with Government
- Addresses concerns that some shareholders have had about the certainty of supply of raw materials
- Underpins growth potential in Australia, UK and Europe
First Graphene Limited (ASX: FGR) has extended its excellent relationship with Kahatagaha Graphite Lanka Limited (KGLL)
with the placement of a purchase order for a further 500 tonnes of graphite.
The order was handed to the KGLL Chairman, M.R.M. Hamjad, on Monday at a meeting with FGR’s Managing Director, Craig
The placement of this order secures supply for both the Australian business and for the First Graphene (UK) Limited business as it develops its customer base in the UK and Europe.
FGR already holds a stockpile of approximately 400 tonnes of Sri Lankan lump graphite, predominantly supplied by KGLL. This purchase order further cements FGR’s position as a preferred customer of KGLL. While initial shipments are destined for Australia, later shipments are likely to be shipped to the UK for development of FGR UK’s business.
Industry interest has been growing, with test work conducted with large industrial partners and initial sales having commenced. The market will be informed as supply agreements are executed. FGR’s industry clients seek assurance on supply chain management and this inventory is essential to provide that assurance level to those clients.
About First Graphene Ltd (ASX: FGR)
First Graphene Ltd. is the leading supplier of high-performing, graphene products. The company has a robust manufacturing platform based upon captive supply of high-purity raw materials and an established 100 tonne/year graphene production
capacity. Commercial applications are now being progressed in composites, elastomers, fire retardancy, construction and energy storage. First Graphene Ltd. is publicly listed in Australia (ASX: FGR) and has a primary manufacturing base in Henderson, near Perth, WA. The company was recently incorporated in the UK as First Graphene (UK) Ltd. and is a Tier 1 partner at the
Graphene Engineering and Innovation Centre (GEIC), Manchester, UK.