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.
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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.