Magnis Resources Limited (“Magnis” or the “Company”) (ASX:MNS) is pleased to update the market on its spherical graphite production along with an escalation in resources devoted to its Lithium-ion Battery (LIB) commercial anode development programs. These resources include additional downstream technical expertise, industry leading battery test facilities to allow for full cells and battery fabrication development utilising Nachu anode material.
Building on previously released battery results, Magnis has today demonstrated that Nachu flake concentrate has significant flexibility in the production of spherical graphite for the rapidly evolving LIB industry.
CEO Dr Frank Houllis commented: “Magnis continues to advance both the Nachu graphite project and its spherical graphite strategy in parallel. The ability to produce a high quality spherical graphite product without the current Chinese process route requiring chemical and thermal purification has the potential to provide Magnis with a significant competitive advantage over existing production and potential new entrants.”
“Today’s agreement with Charge CCCV (C4V) and the experience the C4V team brings with industry leading expertise at the forefront of LIB development and research will be instrumental to Magnis as it executes the strategy of becoming a significant player in this lithium-ion supply chain.”
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