Wattlestone has invested in Graphinex, a graphite mining company in Queensland, poised to benefit from the growing demand for battery materials in the electric vehicle market.

Information on the Target

Graphinex is an innovative company focused on establishing an integrated graphite mining and battery anode manufacturing operation. The company holds the Esmeralda Graphite Project, which boasts one of the largest graphite deposits globally, located in Queensland, Australia. With a significant high-grade and shallow resource prepared for impending production, Graphinex is strategically positioned to tap into the burgeoning market created by the decarbonization movement.

The Esmeralda Graphite Project, owned entirely by Graphinex, has been validated through historical drilling, showcasing the potential to emerge as Australia’s largest graphite resource. Graphite plays a pivotal role in the technology sector, particularly as a critical anode material in lithium-ion batteries, which are essential for the electric vehicle (EV) transition.

Industry Overview in Australia

The graphite industry in Australia has gained momentum in recent years as demand for high-quality graphite surges, particularly for use in lithium-ion batteries. Australia is rich in mineral resources and has a burgeoning mining sector, making it an