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EcoGraf (ASX:EGR) - Managing Director Andrew Spinks (middle) - The Market Herald
  • EcoGraf (EGR) has signed an agreement with the WA Government to lease an industrial site south of Perth
  • The 6.7 hectare site is located in Kwinana, the heart of Perth's heavy industrial zone and near several key trade routes
  • The maiden battery graphite facility has a capital cost of US$72 million (around A$102.1 million)
  • The company said it chose the site due to Government support, EV demand and to be close to other battery mineral suppliers
  • Shares in EcoGraf are trading up 33.3 per cent at 20 cents each

Eco-friendly graphite company EcoGraf (EGR) has signed an agreement with the WA Government to lease an industrial site south of Perth.

The 6.7 hectare site is located in Kwinana, the heart of Perth's heavy industrial zone and near several key trade routes such as Fremantle Port.

The company expects its maiden facility to have a capital cost of US$72 million (around A$102.1 million) and to employ up to 275 people during construction alone.

The battery graphite processing facility will span two lots in the industrial area, with the 20,000 tpa plant requiring around two hectares of space, plus additional room to grow.

EcoGraf announced the site location news during a press conference with WA Premier Mark McGowan, whose Government has been focused on expanding the state's battery minerals industry.

"The allocation of this prime industrial land to EcoGraf supports the State Government's Future Battery Industry Strategy, which aims to grow this emerging sector in WA and transform it into a significant source of economic development, diversification, jobs and skills," Premier McGowan said.

The company said it chose the lots after "strong European customer support including EV manufacturers seeking responsibly produced and diversified battery graphite supply."

It also cited Government support and the location of nearby battery mineral suppliers as being a drawcard, with the suppliers complimenting EcoGraf's battery anode material.

Locking in the maiden site location is more good news for the company, who recently saw its shares soar amid Benchmark Mineral Intelligence's battery day presentation, which reacted to Tesla's announcement.

Shares in the company remain well up today, trading 33 per cent in the green at 20 cents each at 12:30 pm AEST.


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