The Munglinup Graphite Project is a joint venture between MRC Graphite Pty Ltd (MRCG) and Gold Terrace Pty Ltd (Gold Terrace). MRCG is operator of Project.
MRCG is a wholly owned subsidiary of Mineral Commodities Ltd. (MRC). The MRC holds an existing 51% interest in Munglinup.
During 2024, negotiations were undertaken to secure terms for MRC to increase its share in the Project. As a result, the MRC announced on 25 June 2024 that its wholly owned subsidiary MRCG had reached an in-principle agreement with Gold Terrace to settle a dispute and acquire the remaining 49% interest in Project.
The total consideration to be paid to Gold Terrace in exchange for its 49% interest in Project is $A7.5M in cash.
Upon acquiring the remaining 49% interest, the MRC will become the 100% owner of Munglinup.
As at March 2025, the Formal Agreement has not yet been executed.

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