In 2017, the Company chose to diversify into battery minerals and quickly identified the Munglinup Graphite Project. Within six months of the Munglinup acquisition, MRC published a Pre-Feasibility Study and in January 2020 released a Definitive Feasibility Study.
Concurrently, the Company commenced development of a downstream processing capability targeting vertically integrated production of battery anode material at Munglinup.
In 2019, MRC completed the acquisition of the Skaland Graphite Operation, which accelerated the Company’s emerging graphite strategy into production. Since 1932, the Skaland mine has been a stable and reliable supplier of high-quality flake graphite products to the global market. MRC is investing heavily in a low carbon, environmentally sustainable downstream process at Skaland to become the first European producer of sustainably sourced anode material.