Kalahari Graphite
Technologies
Southern Africa's premier vertically integrated producer of battery-grade graphite anode materials — a 58 million tonne JORC-compliant resource spanning Mozambique mining operations to Coega SEZ advanced processing facilities in South Africa.
Balama Project
MozambiqueGraphite ore · 2.9 Mt/annum mining rate · strip ratio 2.3:1
Crushing & Flotation
200,000 tpa concentrate · 94–96% TGC · 85% recovery
Coega SEZ
South AfricaDeep-water port access · 15% corporate tax · duty exemptions
Thermal Purification
2,800°C furnaces · Tokai Carbon technology (Japan)
Spheroidization
90% yield · Hosokawa Alpine engineering (Germany)
Carbon Coating
First-cycle efficiency >92% · reversible capacity >350 mAh/g
Quality Certification
50,000 tpa spherical graphite · 99.95% C battery-grade
Vertically Integrated Mine-to-Anode Graphite
Kalahari Graphite Technologies (KGT) is positioned to become Southern Africa's premier vertically integrated producer of battery-grade graphite anode materials, controlling the entire value chain from high-grade flake graphite mining in Mozambique to advanced spherical graphite processing in South Africa.
Resource Security
58Mt JORC-compliant resource providing 25+ years mine life.
Cost Leadership
25–35% cost advantage through vertical integration — target ZAR 45,500/tonne spherical graphite vs market ZAR 68,000–85,000/tonne.
Geographic Advantage
8,000km shipping distance savings versus Chinese suppliers to European and North American markets.
ESG Leadership
Net-zero emissions by 2035, zero liquid discharge, community development programs.
Technological Innovation
German engineering partnerships for latest purification and spheroidization technology.
Strategic Market Opportunity
Global lithium-ion battery production expected to reach 3,000 GWh by 2030, requiring over 3.2 million tonnes of spherical graphite annually. China controls 90% of processing — Western manufacturers pay 15–25% premiums for non-Chinese, ESG-compliant supply.
Kalahari Graphite Technologies Corporate Framework
KGT operates through a carefully structured corporate framework designed to optimise operational efficiency, tax effectiveness, and regulatory compliance across multiple jurisdictions.
KGT Minerals LDA
Mining license holder and concentrate production. Operates the Balama graphite project under Mining License 7758L (25-year term, renewable). 25% local Mozambican ownership as required by law.
KGT Energy (Pty) Ltd
Spherical graphite production, quality control, and product distribution at Coega Special Economic Zone, Eastern Cape. Benefits: 15% corporate tax rate, customs duty exemptions, deep-water port access.
KGT Trading Ltd
International sales, hedging, and logistics coordination. Global Business License Category 1. 15% corporate tax rate with extensive double-taxation agreement network.
◆ OWNERSHIP STRUCTURE · PRE-MONEY VALUATION: ZAR 8.5B
| Shareholder | Current | Post-Money |
|---|---|---|
| Founding Management Team | 55% | 35% |
| Strategic Mining Partner | 25% | 30% |
| Institutional Investors | — | 20% |
| Employee Share Ownership Plan | 5% | 8% |
| Reserved / Public Float | 15% | 7% |
| Pre-Money Valuation | ZAR 8.5B | ZAR 8.5B |
◆ REGULATORY & COMPLIANCE
Global Graphite Market & Competitive Position
The global natural graphite market is experiencing transformational growth driven by the clean energy transition, with demand projected to reach 3.2 million tonnes of spherical graphite by 2030 — a 260% increase over current processing capacity.
Electric Vehicle Revolution
27M EV sales projected by 2030, requiring 15–20kg graphite per vehicle vs 0.5kg for ICE. Estimated EV-driven demand: 2.1M tonnes spherical graphite by 2030.
Energy Storage Systems
Grid-scale battery storage capacity expected to reach 1,200 GWh by 2030. ESS-driven demand: 680,000 tonnes spherical graphite.
Industrial Applications
Steel electrodes, refractories, foundries, and specialty lubricants — steady 3–4% annual growth.
Tesla / Panasonic
15,000 tpa (2028–2035) · 12% premium for ESG compliance.
LG Energy Solution
20,000 tpa (2029–2036) · Take-or-pay at 85% contracted volume.
Samsung SDI
10,000 tpa · European gigafactory supply.
◆ COMPETITIVE POSITIONING — KGT's value proposition centres on four key differentiators against competitors (Syrah Resources · NextSource Materials · Northern Graphite): cost leadership (25–35% advantage) · supply security (non-Chinese diversification for Western OEMs) · ESG excellence (net-zero 2035, ZLD, full traceability) · technical innovation (Hosokawa Alpine & Tokai Carbon partnerships).
Integrated Two-Phase Development Strategy
Phase 1 develops the Balama graphite mine (Mozambique) at 200,000 tpa concentrate capacity. Phase 2 establishes the Coega SEZ anode processing facility producing 50,000 tpa battery-grade spherical graphite.
Phase 1: Balama Mine
Mozambique · Concentrate| Mineral Resource | 73.4Mt @ 10.1% TGC |
| Probable Reserve | 58Mt @ 10.2% TGC |
| Mine Life | 20 years |
| Mining Rate | 2.9 Mt ore / annum |
| Concentrate Production | 200,000 tpa |
| Concentrate Grade | 94–96% TGC |
| Flotation Recovery | 85% |
| Strip Ratio | 2.3:1 |
Phase 2: Coega SEZ
South Africa · Anode Processing| Processing Capacity | 50,000 tpa |
| Carbon Purity | 99.95% min |
| Particle Size D50 | 15–20 μm (EV) |
| Purification Temp | 2,800°C |
| Spheroidization Yield | 90% |
| First Cycle Efficiency | >92% |
| Reversible Capacity | >350 mAh/g |
| SEZ Tax Rate | 15% |
◆ Phase 1 CAPEX ZAR 3.245B
◆ Phase 2 CAPEX ZAR 6.150B
◆ Mining Opex ZAR 17,205/t concentrate
◆ Processing Opex ZAR 53,600/t spherical
◆ PRODUCT SPECIFICATIONS
| Parameter | Battery-Grade | ESS Grade | Industrial |
|---|---|---|---|
| Carbon purity | >99.95% | >99.9% | 95–98% |
| D50 particle size | 15–20 μm | 18–25 μm | Various |
| Tap density | 0.9–1.1 g/cm³ | 0.8–1.0 g/cm³ | — |
| Reversible capacity | >350 mAh/g | — | — |
◆ LOGISTICS INFRASTRUCTURE
Robust Returns Across All Scenarios
The project demonstrates strong financial fundamentals with conservative pricing assumptions and comprehensive sensitivity analysis.
◆ REVENUE BUILD-UP · ZAR MILLIONS
◆ REVENUE BUILD-UP · ZAR MILLIONS
| Year | Concentrate | Spherical | Industrial | Total |
|---|---|---|---|---|
| 2026 | 875 | — | 788 | 1,663 |
| 2027 | 2,625 | — | 2,363 | 4,988 |
| 2028 | 3,700 | 1,080 | 2,250 | 7,030 |
| 2029 | 3,700 | 2,520 | 2,250 | 8,470 |
| 2030 | 3,700 | 3,400 | 2,250 | 9,350 |
Pricing assumptions: Concentrate ZAR 18,500/t · Spherical Graphite ZAR 68,000–72,000/t · Industrial Flake ZAR 22,500/t
◆ INCOME STATEMENT · ZAR MILLIONS
| Year | Revenue | EBITDA | Net Income |
|---|---|---|---|
| 2026 | 1,663 | 517 | 77 |
| 2027 | 4,988 | 1,982 | 945 |
| 2028 | 7,030 | 2,205 | 1,004 |
| 2029 | 8,470 | 2,503 | 1,197 |
| 2030 | 9,350 | 2,509 | 1,187 |
◆ CASH FLOW SUMMARY · ZAR MILLIONS
| Year | Operating CF | Investing CF | Free Cash Flow |
|---|---|---|---|
| 2026 | 137 | (3,245) | (3,108) |
| 2027 | 1,145 | (2,850) | (1,705) |
| 2028 | 1,404 | (3,300) | (1,896) |
| 2029 | 1,677 | (210) | 1,467 |
| 2030 | 1,727 | (210) | 1,517 |
◆ SENSITIVITY ANALYSIS · ± NPV / IRR IMPACT
◆ FUNDING STRUCTURE — ZAR 9.395B TOTAL · DEBT 59% / EQUITY 39%
| Total Debt (60% target) | ZAR 5.52B | 59% |
| Total Equity (40% target) | ZAR 3.68B | 39% |
| Total Project Funding | ZAR 9.395B | — |
World-Class Executive Leadership
KGT's management team combines deep experience in mining operations, project finance, battery materials technology, and ESG strategy — with over 80 years of collective industry expertise.
Solomon Makwedini
18 years in mining and battery materials. Former GM, Rio Tinto Battery Materials Division. MBA (Wits), MSc Mining Engineering (UCT). Led $2.8B in project value delivery.
Nomsa Vilakazi
15 years in project finance. CA(SA), MCom Finance (UKZN). Former Senior Investment Director, IDC. Structured >ZAR 25B in mining project financing.
Dr. James Mitchell
22 years in mineral processing. PhD Metallurgical Engineering (Curtin). Former VP Operations, Syrah Resources. Commissioned Balama graphite operation.
Dr. Priya Sharma
12 years battery materials R&D. PhD Materials Science (Stanford). Former Senior Scientist, Tesla Gigafactory 1. 15 patents in anode materials.
Dr. Thandiwe Mthembu
14 years environmental management. PhD Environmental Science (UCT). Former Head of Sustainability, Anglo American Platinum. Led net-zero transition.
Board of Directors
Chaired by Ms. Dolly Mokgatle (ex-CEO Sasol Mining). Includes Prof. Mkhuseli Ngila, Dr. Hans Weber, Ms. Khanyi Motaung, Mr. Peter Steenkamp, Dr. Chen Wei-Ming (ex-CATL).
Net-Zero Operations by 2035
KGT is committed to industry-leading environmental stewardship, social responsibility, and governance practices that position the company as the preferred supplier for ESG-conscious global customers.
- Net-zero scope 1&2 emissions by 2035
- Zero liquid discharge (ZLD) water management at both facilities
- 70% solar penetration (15MW hybrid solar-diesel at Balama, 20MW solar PV at Coega)
- Dry-stack tailings facility with HDPE liner — no tailings dam risk
- Rehabilitation bond: ZAR 125M posted
- Annual biodiversity monitoring and offset programs
- 850 direct jobs (650 Mozambique, 200 South Africa) + 3,400 indirect
- ZAR 35M annual community investment
- ZAR 120M investment in technical training programs
- 65% operational expenditure from SADC region
- 25% Mozambican local ownership, B-BBEE Level 4 target
- Women in management: 40% target by 2027
- Comprehensive ESG reporting: TCFD, GRI, IFC Performance Standards
Development Timeline
KGT has a clear, phased path to production with defined milestones and de-risking strategies.
Financial Close & Construction Commencement
Finalise ZAR 9.395B funding, execute EPC contracts, begin site preparation at Balama.
First Graphite Concentrate Production
Initial 50,000 tpa concentrate from Balama mine. Revenue generation begins with industrial flake sales.
Full Concentrate Capacity
Ramp-up to 200,000 tpa concentrate production. Cash flow positive at mining operations.
Coega Processing Plant Completion
Commissioning of 50,000 tpa spherical graphite facility at Coega SEZ.
Spherical Graphite Production Commences
First battery-grade spherical graphite delivered to offtake partners.
Full Integrated Production
200K tpa concentrate + 50K tpa spherical graphite at steady-state. Target EBITDA margin 45%.
Potential JSE / LSE Listing
Public offering of 20–30% expanded share capital for growth capital and liquidity.
Strategic Investment Opportunity
KGT offers a rare combination of resource security, technological differentiation, cost leadership, and ESG excellence in the fastest-growing segment of the critical minerals market.
◆ EQUITY RAISE — ZAR 3.68 BILLION
| Investor Category | Amount | Target ROE |
|---|---|---|
| Strategic Industry Partner | ZAR 1.18B | 25–30% |
| Development Finance Institutions | ZAR 630M | 18–25% |
| Private Equity / Family Office | Open | 25%+ |
| Employee Share Ownership | ZAR 320M | — |
Post-money valuation: ZAR 12.2B · Target closing: Q3 2025 · ✓ CLOSED
◆ INVESTOR VALUE PROPOSITION
- ◆Critical mineral exposure: Graphite classified as critical raw material by EU, US, and China.
- ◆Supply chain premium: 15–25% price premium for non-Chinese, ESG-compliant supply.
- ◆Long-term offtake: 70% of production under LOI/MOU with Tesla, LG, Samsung SDI.
- ◆Multiple exit pathways: Trade sale, IPO (JSE/LSE), strategic acquisition.
- ◆Dividend potential: Targeting 30–40% payout ratio from Year 5.
- ◆ZAR 38.2B NPV: 4.5x return multiple on total capital invested.
Partner with Kalahari Graphite Technologies
Inquire about graphite offtake agreements, strategic equity investment, or technology partnerships. The project is currently in financial close phase with construction commencement targeted for Q3 2025.