3 Top Graphite Miners on the ASX

Many market watchers believe graphite miners and explorers may be poised to do well in the coming years. Read on to learn about the three top ASX-listed graphite miners by market cap.

Demand for lithium-ion batteries continues to rise, and the need for graphite is increasing in tandem. Graphite is a key component of these batteries, and many market watchers believe graphite miners and explorers may be poised to do well in the coming years.

With that in mind, it’s worth being aware of which graphite miners are out there and what they are currently doing. To help investors with that task, we’ve put together a list of graphite miners on the ASX.

Here’s an overview of the top three graphite miners on the ASX by market cap. Data for this article was gathered on TradingView on September 7, 2018.

1. Magnis Resources (ASX:MNS)

Market cap: AU$214.83 million; current price: AU$0.38

Magnis Resources is a near-term graphite producer with a flagship property in Tanzania. The company’s 100-percent owned Nachu Graphite project is one of the world’s most advanced and shovel-ready graphite projects.

The company has made significant progress at Nachu as the project is now fully permitted, has a completed bankable feasibility study, a power supply agreement and a favorable port authority agreement.

Magnis has rapidly moved into battery technology and is planning to become one of the world’s largest manufacturers of lithium-ion battery cells. The company has announced plans to build 3 large scale gigafactories in Australia, USA and Germany.

2. Bass Metals (ASX:BSM)

Market cap: AU$66.38 million; current price: AU$0.02

Bass Metals is a producer of industrial mineral concentrates, working towards profitable production at its 100-percent owned and debt free Graphmada large flake graphite mine in Madagascar. The mine has 40-year mining permits and 20-year landholder agreements in place, with four premium quality, large flake, graphite deposits.

The company is looking to expand production from 6,000 tonnes per year to beyond 20,000 tonnes per year. Bass is also pursuing a strategy to develop downstream expandable graphite production and technologies.

Aside from Graphmada, Bass owns the Millie’s Reward hard rock lithium project, where the company is conducting a comprehensive exploration program.

3. Kibaran Resources (ASX:KNL)

Market cap: AU$46.23 million; current price: AU$0.18

Kibaran Resources is focused on its 100-percent owned Epanko deposit in Tanzania, which has been identified to host large flake graphite with expanded properties. The deposit has a JORC indicated mineral resource estimate of 12.8 million tonnes at 10 percent total graphitic carbon, for 1.28 million tonnes of contained graphite.

The company has secured offtake agreements for 100 percent of the initial annual production from Epanko. Kibaran has completed a bankable feasibility study, received a mining licence and debt funding discussions are well advanced.

Aside from Epanko, the company holds the Merelani-Arusha graphite project and the Tanga graphite project also in Tanzania.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Magnis Resources is a client of the Investing News Network. This article is not paid-for content.

Torian Resources Limited Significant Gold Results from Surface at Mt Stirling

Perth, Australia (ABN Newswire) – Torian Resources Ltd (ASX:TNR) is pleased to advise that recent drilling results continue to extend the Mt Stirling Gold System over ~1.1km of Strike, ~300m at depth, and it remains open in multiple directions.


– The interpreted strike of the Mt Stirling gold system exceeds 1.160km with Mt Stirling Main Zone; Hanging Wall and Viserion lodes all remaining open along strike and down-dip.

Keep reading... Show less

eMetals Limited Updates Shareholders On Exploration – April 12, 2021

eMetals Limited (ASX:EMT) (eMetals or Company) is pleased to update shareholders on exploration activities which have commenced across the Company’s projects.


Keep reading... Show less

Discovery Harbour Provides Newcrest’s Planned Program for Fortuity 89, Nevada

Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the “Company” or “Discovery Harbour”) is pleased to announce that Newcrest Resources Inc., a wholly owned subsidiary of Newcrest Mining Limited (“Newcrest”), has provided the details of its planned program for the Fortuity 89 epithermal gold property in Nevada.

The Fortuity 89 property covers very limited outcrop surrounded by a large covered area. The outcrop and interpreted geology are prospective for concealed low sulphidation epithermal gold mineralization below shallow unconsolidated alluvial gravels. Newcrest’s planned activities include a geophysical program encompassing a 675 line kilometre drone airborne magnetic survey, a 250 station ground gravity survey and a 45 line kilometre audio band magnetotellurics (AMT) resistivity survey. It is intended that geologic and alteration sampling and mapping will also be undertaken with a soil geochemical sampling program. The intended outcome of this program is to identify potential drill targets for testing this calendar year.

Keep reading... Show less

Blackdome-Elizabeth Gold Project 2021 Exploration Plan and Update

Tempus Resources Ltd. (“Tempus” or “the Company”) (ASX:TMR)(TSXV:TMRR) is pleased to provide an update on the exploration plan for the upcoming field season at the Blackdome-Elizabeth Gold Project, located in British Columbia, Canada

The 2021 exploration program at Elizabeth and Blackdome is fully permitted and on schedule to commence at the end of Q2, 2021. The program will consist of 7,500 metres of down plunge and along strike diamond drilling at Elizabeth to expand the known gold mineralisation, in parallel with detailed alteration and mapping studies at Blackdome in support of future resource expansion drilling.

Keep reading... Show less

Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi

Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the “Funding Plan”) for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion 1 , building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered into on 9 September, 2020.

Under the HoA, subject to securing approval by OT LLC and any required support from the Government of Mongolia, and subject to timing, availability, and terms and conditions being acceptable to both parties, Rio Tinto and TRQ will:

Keep reading... Show less

Top News

Related News