Magnis receives strong interest from flake graphite buyers

Having evolved into a diversified project developer with graphite mine developer operations and ownership in the large-scale manufacture of lithium-ion batteries, ASX-listed graphite buyer and seller Magnis Resources has received strong interest from a number of parties looking to source high-purity ‘super jumbo’ and ‘jumbo’ flake graphite. Company chairperson Frank Poullas said in a note on Tuesday that the company’s diversification strategy has significantly derisked Magnis, giving it greater optionality.