Total Graphite appoints Lycopodium to update Montepuez feasibility study

Mining General Mining & Base Metals Written by: Ian Lyall 07:29 Wed 09 Sep 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Total Graphite PLC ( LSE:TGR OTCQX:TGRHF ) View Price & Profile Total Graphite appoints Lycopodium to update Montepuez feasibility study Published: 07:29 09 Sep 2026 BST Total Graphite PLC (LSE:TGR, OTCQX:TGRHF) , the flake graphite developer with projects in Mozambique, has appointed Lycopodium (ASX:LYL) Minerals Africa to review and update the feasibility work on its Montepuez project. The mine is permitted for production of up to one hundred thousand tonnes per annum and will use the modular development route set out in an October 2017 value engineering study as its base case. That approach splits development into two roughly fifty thousand tonne stages, with the first requiring $42.3 million of pre-production capital, operating costs of $337 per tonne and payback in under two years. A second stage would add close to the same capacity again for a further $27 million, taking total capital spending to around $69 million and cutting operating costs below $310 per tonne. Those figures date from 2017 and have not been restated for cost inflation, though the board says the project's capital efficiency remains competitive against other development-stage graphite projects. Around 60% of detailed design engineering was completed historically, and early site works, including a one-hundred-person base camp and mobile crusher are already in place. Montepuez holds mineral resources of 110.5 million tonnes at 8.2% total graphitic carbon, equivalent to 9.1 million tonnes of contained graphite. Initial results from the Lycopodium review are targeted for November 2026, ahead of a second phase updating the study and a push to secure project finance to restart construction in 2027. Chairman Christian Dennis said the appointment marked an important step in advancing Montepuez towards construction, adding that the project could provide feedstock for Total Graphite's US anode project. Total Graphite also holds the nearby Balama Central deposit, and plans to update that project's pre-feasibility study later in the year, subject to the Montepuez results. Continue reading