BAM Graphite

Axon Graphite Limited (IPO forthcoming)

Commodities

Graphite

Currently seeking

Offtake, equity and/or strategic partnerships

Project status

Publicly announced

The vertically integrated battery Anode Material (BAM) Graphite Project combines secure access to high grade graphite deposits and a planned BAM manufacturing facility in Northern Queensland. The BAM facility will be supported by a substantial, world class inventory of high-grade natural graphite deposits–the Burke, Corella, and Mount Dromedary graphite deposits.

The project aims to produce spherical, purified graphite for international lithium-ion battery anode makers in the United States, Japan, the European Union, India and Korea for use in EVs and battery energy storage systems.

Key project facts

• Axon Graphite Limited was recently created as a joint venture between Lithium Energy Limited (ASX:LEL), which owns the burke and Corella graphite deposits) and NOVONIX (ASX:NVX), which owns the Mount dromedary graphite deposit. The prospectus for Axon's IPO is expected mid-2024.
• Combining the Burke and Mount Dromedary deposits, that form part of the same graphite mineralisation zone, has created an opportunity to enhance the scale and economics of the project, and provide the opportunity to attract new capital or partners to be part of a significant and long-life BAM project.
• Prior to the establishment of Axon, Lithium Energy had completed comprehensive metallurgical flowsheet development testwork, producing a graphite flake concentrate of more than 95% TGC.
• Completed BAM testwork produced 2 marketable products with a purity of more than 99.95% TGC.

Mineral resources (2023)

Last updated

17 July 2025

Last reviewed

11 July 2025