Confirmed Appointment of Non-Executive Chairman

12 June 2024

Tirupati Graphite plc

('Tirupati', the 'Group' or the 'Company')

Confirmed Appointment of Non-Executive Chairman

Tirupati Graphite (TGR.L), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, is pleased to confirm the appointment of Mr Michael Lynch-Bell as Non-Executive Chairman.

The appointment follows the conclusion of the Company's EGM on 11 June 2024 and takes place with immediate effect. As previously announced, Mr Shishir Poddar will retain the position of Chief Executive Officer.

Mr Lynch-Bell spent a 38-year career with Ernst & Young ('EY'), where he led its Global Oil and Gas, UK IPO, and Global Oil and Gas and Mining transaction advisory practices. Since leaving EY, he has developed a strong board career, including his position of Deputy Chair and Senior Independent Non-Executive Director of the then FTSE250 large-scale blue-chip mining organisation, KAZ Minerals plc. He was also previously an Independent Non-Executive Director of Barloworld Limited and also Lenta Limited.

He is currently a Non-Executive Director and Chairman of AIM and TSX-listed Serabi Gold Plc, a Non-Executive Director of London-listed Gem Diamonds Limited, and Independent Non-Executive Chairman of ASX-listed Little Green Pharma Ltd.

Shishir Poddar, Chief Executive, commented:

"We are delighted to confirm the appointment of Michael Lynch-Bell as Non-Executive Chairman. Michael's significant experience as an independent director at several listed, large-scale, and growing mining businesses, combined with his strong background with EY, will provide the Company with the skills and experience needed to achieve its long-term objectives. We are looking forward to working with Michael as the leader of our Board."

Michael Lynch-Bell, Non-Executive Chairman, commented:

"I am excited to be joining the Board of Tirupati Graphite. I believe the Company's underlying investment case is strong and has significant opportunities for future growth. I look forward to working closely with the Board and all our stakeholders to help the Company achieve its clear potential."

The Company makes this announcement in accordance with LR 9.6.11R of the Listing Rules. There are no other matters requiring disclosure under Rule 9.6.13 of the Listing Rules.

ENDS

For further information, please visit https://www.tirupatigraphite.co.uk/ or contact: 

About Tirupati Graphite 

Tirupati Graphite Plc is a specialist Graphite producer and a supplier of the critical mineral for a decarbonised economy and the energy transition. The Company places a special emphasis on green applications including renewable energy, e-mobility, energy storage and thermal management, and is committed to ensuring its operations are sustainable. 

The Company's operations include primary mining and processing in Madagascar where the Company operates two key projects, Sahamamy and Vatomina with a combined 30,000 tpa of currently installed capacity, producing high-quality flake graphite concentrate with up to 97% purity and selling to customers globally. 

The Company also holds two advanced stage, world class, natural graphite projects in Mozambique. Work has already commenced to optimise the economics for development of the Montepuez graphite project, which is permitted for 100,000tpa production and where substantial construction work has already been undertaken by the predecessor. A table of the Company's projects is provided below: