Total Graphite Plc has paused production at its Vatomina graphite mine in Madagascar to complete essential drilling and operational improvements, aiming to resume output at over 1,000 tonnes per month starting December 2026.
This decision follows an independent technical review that highlighted the need for upgrades in geology assessment, mine planning, infrastructure, and plant optimization. The company has already completed five diamond drill holes, with the drilling program set to continue through the fourth quarter.
As of 16 July 2026, Total Graphite reported US$1.5 million in unrestricted cash and a total cash balance of US$3.8 million. This includes a US$2.3 million bank guarantee backing its mining projects in Mozambique.
Chairman Christian Dennis emphasized the importance of this pause, stating, “Completing the optimisation work before restarting production should establish a more robust foundation for future operations.”
Alongside Vatomina, Total Graphite is also updating the definitive feasibility study for a planned 50,000-tonne-per-year operation at Montepuez in Mozambique. The company has opened data rooms for interested parties and has received multiple non-binding funding and strategic proposals.
Total Graphite remains committed to strengthening its operational base and advancing its projects, positioning itself for sustainable growth in the graphite market.
