What's Happening?
International Graphite, an ASX-listed company, has awarded a construction contract to Prosser Built, a Bunbury-based company, for the development of the Collie micronising facility in Western Australia. Prosser Built, known for its 80-year history in industrial
and commercial projects, will handle the construction of the process building. This project is part of a local content strategy involving local engineering, electrical, civil, and earthmoving firms. The contract is within the project's budget, which includes $6.3 million for Stage 1 and $1.7 million for Stage 2. The necessary equipment for Stage 1 has been ordered, and vendor testwork is underway for Stage 2, with orders expected next quarter. The project is supported by the Western Australian government and the national government through the Critical Minerals Office.
Why It's Important?
The development of the Collie micronising facility is significant for the local economy and the broader industrial sector in Western Australia. By engaging local firms, the project supports regional employment and skill development. The facility is part of a strategic initiative to enhance Australia's capabilities in processing critical minerals, which are essential for various high-tech and green technologies. The government's support underscores the importance of this sector in national economic planning, potentially positioning Australia as a key player in the global supply chain for critical minerals.
What's Next?
The completion of both stages of the Collie micronising facility is scheduled for the second quarter of 2027. As the project progresses, further equipment orders and construction milestones will be critical. The involvement of local firms suggests ongoing opportunities for regional businesses. The project's success could lead to further investments in similar facilities, enhancing Australia's role in the critical minerals market. Stakeholders, including government bodies and industry players, will likely monitor the project's impact on local economies and the national critical minerals strategy.
