Green Critical Minerals
Green Critical Minerals Ltd (ASX:GCM)
Becoming a leading global producer and supplier of high-margin industrial minerals products, from mine to market.
It's no secret that Australia's natural resources have powered our economy for decades, but how does Australia's mining industry fit within the fast-growing green landscape??
The future is electric for the world to achieve the net zero-emissions goal for 2050. For electric vehicles and machinery and the ability to store green energy to power our lifestyles, batteries are a crucial component.?
The 'battery revolution' is well underway, but a critical mineral has the potential to slow our progress, and that's graphite.
Graphite is the largest component (by weight) of lithium-ion batteries, and globally, we're commencing a graphite deficit as demand from the battery sector is expected to rise 30% annually over the next seven years. Source Graphite Battery Demand to Surge in 2023 (pinnacledigest.com)
With such substantial global pressure on battery power, will Australia be left behind in the battery revolution??
GCM asked this question, which became the catalyst behind their latest McIntosh Project.?
"Graphite demand is something we need to take seriously for the Australian economy and our decarbonisation goals, " says GCM CEO Mark Lynch-Staunton
Australia is already at a comparative advantage thanks to its significant economic sources of mineral resources and a growing and large market in Asia.
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Located in a Tier 1 mine site in Western Australia, the Green Critical Minerals Ltd (ASX:GCM) McIntosh Mine is one of Australia's most advanced graphite projects, with over $14M spent on drilling and metallurgical testing. The mine is the third largest graphite resource, with 1.1 metric tons.?
The mine's graphite flake has ultra-high purity levels reaching a nuclear grade of 99.999%C with minimal processing, and a globally significant flake size endowment denotes a high market value. In addition, the low levels of impurities represent a lower environmental impact and processing costs, both important to investors.?
Located within the most attractive mining jurisdiction globally, as ranked by the Fraser Institute, the mine site has access to renewable energy provided by the Ord River Hydropower plant.?
The McIntosh project represents a significant opportunity for Australia to enter this critical minerals space. With strong government support, Australia is in a favourable position for future exports of high-grade flake and finer-grade graphite products. It stands in good stead to be a reliable source of graphite to EV and battery manufacturers in Europe, the US and Japan.
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