Construction green light for IG6's micronising facility

Andrew Worland-led IG6 told investors on Thursday that it had secured a building permit from the Shire of Collie, meaning that both civil construction and earthworks can now get under way.

The company anticipates that the project is earmarked for mechanical completion during the second quarter of 2027, with an anticipated capital expense of $8 million. 

Once built and operational, the junior will preside over Australia’s inaugural commercial graphite micronising operation.

In late-November, the junior announced it had purchased the required land – a 6000 square metre land parcel, for the facility, located within Collie’s light industrial area from DevelopmentWA.

The commercial graphite micronising facility is located opposite IG6’s research and development building.

Thursday’s market update follows news yesterday that the junior had entered binding joint venture with Alkeemia, a major European hydrofluoric acid and fluoroderivatives producer.

Under the 51:49 joint venture, of which IG6 will hold a 49 per cent stake, both will team up to build a industrial graphite processing hub, which will be housed at Alkeemia’s existing Italian facility in Porto Marghera, North West of Venice.

Should the facility be greenlit, first production would ideally begin during the second half of 2027, with an initial production target of 10,000 tonnes per year.

Within three years, this will increase to approximately 15,000 tonnes per annum. 

Mr Worland said the JV marked a “defining moment” for the junior, given it had been achieved in less than six months.

As of 10.34am AWST, IG6 shares were up 5 per cent to 5.8 cents.