# Total Graphite appoints Lycopodium to update Montepuez feasibility study

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/total-graphite-appoints-lycopodium-to-update-montepuez-feasibility-study--f330f12e-5dcd-4839-8095-734dc93ef568

Original source: https://www.proactiveinvestors.com/companies/news/1098264/total-graphite-appoints-lycopodium-to-update-montepuez-feasibility-study-1098264.html

Publisher: proactiveinvestors

Original announcement: 2026-09-12T08:31:14.148Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Total Graphite PLC

- Ticker: TGR

- Exchange: Unavailable

- Region: Mozambique

- Primary commodity: Graphite

- Secondary commodities: None reported

- Document categories: Resource update, Other

- Extracted: 2026-09-12 08:40:34 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Total Graphite has appointed Lycopodium to update the feasibility study for its Montepuez graphite project in Mozambique. The project features a modular development approach and holds a mineral resource of 110.5 million tonnes at 8.2% total graphitic carbon.

Reasoning: The appointment of a specialist consultant to update a feasibility study is a key de-risking step toward construction and project financing.

- Positive factor: Appointment of Lycopodium to update feasibility study

- Positive factor: Existing infrastructure and site works in place

- Positive factor: Significant mineral resource base

- Positive factor: Strategic potential as feedstock for US anode project

- Negative factor: Key economic figures date from 2017 and lack inflation adjustment

Facts used in scoring: 1

## Classification and evidence

**Resource Update**

Polarity: neutral

Story-specific tag

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The announcement discusses the appointment of a consultant to update the feasibility study and implies a review of existing resource/project data.

Evidence · text

> appointed Lycopodium \(ASX:LYL\) Minerals Africa to review and update the feasibility work on its Montepuez project

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Resource Estimates (1)

### Fact 1

[Link to this fact](https://atlas-extractions.minestarters.com/news/total-graphite-appoints-lycopodium-to-update-montepuez-feasibility-study--f330f12e-5dcd-4839-8095-734dc93ef568#fact-resource-facts-0)

Montepuez · graphite

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Montepuez
- Commodity: graphite
- Region: mozambique
- Reported Region: Mozambique
- Ticker: TGR

#### Resource scope

- Estimate type: resource
- Resource group id: resource:ca7809a0f44aee1917af

#### Resource Data

- Tonnes: 110500000
- Grade: 8.2
- Grade Unit: %
- Contained Metal: 9100000
- Contained Unit: t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2017-10-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-12T00:00:00.000Z

Reasoning: Significant resource scale reported.

- Positive factor: Large tonnage resource

Evidence · text

> Montepuez holds mineral resources of 110.5 million tonnes at 8.2% total graphitic carbon

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No QP/CP Disclosure**

Polarity: negative

Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

**PFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

**DFS-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

**Stale Estimate**

Polarity: negative

Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 8.9 years before this release

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.