Integrated natural graphite processing and active anode material production using milling, purification, and surface treatment to produce 18-micron coated purified spherical graphite at capacities of 350,000 tpa (Balama) and 11,250 tpa (Vidalia), with ongoing R&D in silicon anodes and solid-state batteries.								
				 
				
				
				
									Natural graphite and active anode materials, notably 18-micron coated purified spherical graphite for lithium-ion battery anodes.								
				 
				
				
				
									In 2024, secured a US$165 million tax credit under the US Inflation Reduction Act to expand Vidalia facility to 45,000 tpa; achieved IRMA 50 certification for Balama; and plans to restart Balama graphite operations in 2025.								
				 
				
				
				
									AustralianSuper Pty Ltd (32.9%), Paradice Investment Management Pty Ltd (7.0%), First Sentier Investors (3.2%), Bruce Gray (3.5%); publicly traded on ASX (SYR) with a market cap of AU$253.6M.