International Graphite Ltd Signs Wogen Terms for Asia Pacific Sales and Feedstock
International Graphite locks in Wogen deal to anchor Asia-Pacific graphite sales and feedstock
International Graphite Limited (ASX: IG6, FWB: H99) has signed a commercial Heads of Terms agreement with Wogen Pacific Limited, a Hong Kong based subsidiary of Wogen Limited, covering both product sales and feedstock supply for the Collie Micronising Facility in Western Australia.
The agreement carries a two-part structure. Under the Heads of Terms, Wogen intends to buy a minimum of 3,000t/y of micronised graphite for exclusive distribution to Asia Pacific customers, while committing to source up to 10,000t/y of flake graphite concentrate feedstock to supply the facility.
Wogen Limited brings a track record spanning more than 50 years as a global specialist in metals and minerals trading. Importantly, the Heads of Terms is non-binding and intended to be replaced with binding agreements as the facility approaches commercial production.
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Inside the two-part Wogen agreement
The deal operates across two complementary arms. On the sales side, Wogen will purchase, as principal, a minimum of 3,000t/y of micronised graphite from the Collie Micronising Facility for exclusive distribution to Asia Pacific customers. On the supply side, Wogen has committed to sourcing up to 10,000t/y of flake graphite concentrate feedstock to support production increases over time.
This dual structure provides both a route to market and security of input supply, addressing two distinct challenges that emerging processors typically face separately. The arrangement also gives International Graphite access to Wogen’s supply chain finance solutions, intended to support operations and capital efficiency.
Pricing is to be agreed on a market spot or otherwise agreed basis. Specific pricing has not been disclosed under the Heads of Terms.
| Term | Details |
|---|---|
| Sales term | Initial term of three years from first commercial scale production |
| Supply term | Initial term of three years from first shipment |
| Commencement | Immediate pre-production marketing; binding agreement to be finalised before commercial scale production |
| Sales quantity | Minimum of 3,000 tpa micronised graphite |
| Supply quantity | Up to 10,000 tpa graphite concentrate feedstock |
| Pricing | Market spot pricing or otherwise agreed |
| Supply chain financing | Access to Wogen Pacific supply chain finance solutions |
| Governing law | Law of Singapore |
Who is Wogen and why this partnership matters
Wogen Pacific operates as a specialist trading company handling a wide range of speciality metals and minerals, including ores and concentrates, metals and oxides, ferro alloys, mineral sands and rare earths. Part of the broader Wogen Group, the business has serviced customers globally for more than 50 years, with particular strengths across Asia and Europe.
For an emerging processor, a partner with established global sourcing, trading, logistics and marketing capability can help de-risk the path to market. Offtake and distribution partners provide a defined buyer for output while opening access to customer networks that would otherwise take years to build independently.
The agreement targets two of the region’s fastest-growing markets for advanced manufacturing materials: Japan and South Korea.
Wogen Limited CEO John Craig
“We are very pleased to be working with IG6 in bringing a new supply of high spec industrial graphite products to the Asia Pacific market, particularly for customers in Japan and South Korea, two of the region’s fastest-growing markets for advanced manufacturing materials.”
What it means for International Graphite’s commercialisation strategy
The agreement forms part of International Graphite’s stated strategy to partner with market leaders ahead of production. By securing both a distribution channel and feedstock supply, the company addresses two foundational requirements for commercial-scale operations.
The broader platform spans mid-stream graphite processing across Europe and Australia. This includes the Alkeemia/IG6 Joint Venture at Porto Marghera, Italy, and the Collie Processing Facility in Western Australia, supported by the globally significant Springdale Graphite Project, which provides long-term feedstock optionality for future scaling.
The Alkeemia joint venture at Porto Marghera adds a second processing arm to IG6’s mid-stream platform, with a binding shareholders agreement locking in a 49% equity stake and 50% profit share for A$12 million in capital, targeting first production in H2 2027.
Macro tailwinds also feature, with the EU Critical Raw Materials Act and broader G7 critical minerals efforts driving demand for supply from trusted jurisdictions.
IG6 Managing Director and CEO Andrew Worland
“Wogen has deep experience in the global graphite supply chain with an outstanding reputation and a strong presence across all major markets. Our Collie operations will directly benefit from Wogen’s global sourcing, trading, logistics and marketing capabilities. This is an important step in our strategy to partner with market leaders, and we look forward to growing our relationship with Wogen as we move into production.”
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The road to commercial production
The Heads of Terms establishes a clear sequence as the Collie facility advances towards commercial output:
The Collie Micronising Facility received its building permit from the Shire of Collie in May 2026, confirming Milestone 2 of six under the $4.5 million Collie Industrial Transition Fund grant and triggering the next tranche drawdown, with mechanical completion targeted for Q2 2027.
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Immediate pre-production marketing begins under the Heads of Terms.
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Binding agreements are to be finalised before the commencement of commercial scale production.
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From first commercial production, Wogen intends to purchase a minimum of 3,000t/y of micronised graphite, with feedstock supply scaling up to 10,000t/y over time.
The Heads of Terms remains non-binding, and binding terms have yet to be executed. No specific production date has been disclosed. The current arrangement establishes the framework and intent, with formal commitments to follow as the facility approaches production readiness.
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