EQS-News

EcoGraf: Product Qualification Facility Commissioning Commenced

EQS-News: EcoGraf Limited / Key word(s): Miscellaneous EcoGraf: Product Qualification Facility Commissioning Commenced 26.03.2024 / 10:45 CET/CEST The issuer is solely responsible for the content of this announcement. EcoGraf ASX:EGR ASX Release / 26 March 2024

Product Qualification Facility Commissioning Commenced

‘State of the Art’ Facility utilising EcoGraf HFfree Proprietary Technology to Provide High Purity Battery Anode Material to the Global Battery and EV markets

EcoGraf Limited (EcoGraf or the Company) (ASX: EGR; FSE: FMK; OTCQX: ECGFF) is pleased to announce an update on construction and commissioning activities for the Product Qualification Facility (‘PQF’ or ‘Facility’) in Western Australia with operations to commence in April 2024.

The PQF will undertake a number of product campaigns which is scheduled over the remainder of the year, the plant will operate at 5-10kg/hr with the first 5 tonnes of product in place for processing.

The successful completion of this campaign will serve to validate the technical feasibility of EcoGraf’s process on a larger continuous scale to support lenders process, and provide potential customers with larger product samples. Additionally, the technical data generated will be pivotal for the preparation of engineering inputs into a single stage commercial scale facility and subsequent location studies with prospective anode, battery and electric vehicle customers in Europe, North America and Asia. 

The Facility will complement the Company’s product testing activities, while the PQF campaigns will benefit from recent flowsheet improvements that is expected to support further reduction in costs while increasing the purity of the material above customers specifications.  

The Facility is jointly funded through the Commonwealth Government’s A$48.9m Critical Minerals Development Program, which is supporting Australian battery minerals processing capability.  The positive support from the Australian Government is well received with the Company in receipt of $2.9m grant funding disbursement for the PQF program.