Quarterly Activities/Appendix 5B Cash Flow Report

International Graphite (ASX: IG6) is pleased to present its Quarterly Report and Cash Flow Report.

Our vision: International Graphite is striving to be Western Australia’s first vertically integrated producer of graphite battery anode materials (BAM) for lithium-ion (Li-ion) batteries.

Highlights.

Collie Downstream Processing Facilities

• Scoping Study released for the proposed Collie Graphite BAM Facility based on processing of up to 40,000t/y of graphite concentrates to produce up to 17.6kt/y of BAM and 20kt/y of micronised by-products
• Plant designed with staged product lines - uncoated spheroidised purified graphite (USPG) plus addition of carbon coating to produce coated spheroidised purified graphite (CSPG)
• 20 hectare industrial site selected at Collie for BAM facilities
• Qualification scale micronising equipment in transit for delivery and installation in September 2023

Springdale Graphite Project

• Spectacular graphite assay results received from the 2022-2023 drilling campaign. 12 diamond and 261 RC infill and exploration holes drilled for ~20,465m
• Fourth graphite discovery – ‘Mason Bay’: 60 RC holes completed at Mason Bay with results from 39 holes reported. See significant intercepts
• Second graphite discovery – ‘Springdale Central’. 44 RC holes reported subsequent to quarter end. See significant intercepts
• Last assays from the 2022-2023 drilling campaign due end of July with revised Springdale mineral resource estimate targeted for late August 2023

Corporate

• $4.7M grant awarded from the Australian Government Critical Minerals Development Program, $1.9M received in June
• $0.7M received from the $2M Western Australian Government Financial Assistance Agreement
• Cash at bank at quarter end $2.7M, $0.9M in advance R&D funding received subsequent to quarter end

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