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Highlights
- Strategic road upgrades to enhance Maniry Project logistics
- EU-backed infrastructure supports Evion's graphite supply chain
- Madagascar’s growing role in global electrification markets
Evion Group NL (ASX:EVG) is gaining traction on its path to become a key player in the global graphite supply chain, thanks to major infrastructure upgrades near its flagship Maniry Graphite Project in southern Madagascar. These developments are expected to streamline logistics, reduce transportation costs, and strengthen the project's alignment with European Union-backed green initiatives.
The spotlight falls on the RN10 national highway rehabilitation, a pivotal project stretching 416 kilometres. Spearheaded by Madagascar’s President Andry Rajoelina and funded through the World Bank, this initiative directly benefits the Maniry Project by enhancing its connection to strategic export ports — Toliara, situated 180 kilometres northwest, and Port d’Ehoala (Tolanaro), 225 kilometres southeast.
This upgraded corridor will include a 7-metre-wide roadway with 1.5-metre shoulders, along with 30 new or refurbished bridges and a three-layered pavement system built to international specifications. Once complete, the highway will allow for more efficient year-round operations, even during the wet season — a critical factor for mining logistics.
Evion’s development strategy also aligns with Europe’s push for diversified critical mineral sourcing. These infrastructure advancements bolster the company’s grant applications for EU development funding, aimed at building a vertically integrated graphite supply chain. This places the company in a favourable position among future-focused ASX dividend stocks.
Simultaneously, the European Union has supported the construction of the Kiembe Boulevard in Toliara. This urban logistics project connects the city’s port directly to the airport, bypassing traffic congestion and facilitating faster transport. It adds further logistical strength to Evion’s supply network.
Evion’s Maniry Project is tailored for the high-demand electrification market, particularly for battery anode manufacturing. With Madagascar standing as the largest exporter of natural graphite outside China, Maniry is well-positioned. A 2022 Definitive Feasibility Study validated the project’s potential to produce up to 60,000 tonnes of graphite concentrate annually over a 21-year mine life, supported by a pre-tax NPV of US$263 million.
In addition to its operations in Madagascar, Evion is advancing plans to supply fine flake graphite to its Battery Anode Material Project in Germany. This facility is targeting a production capacity of 30,000 tonnes per year to support Europe’s energy transition.
Moreover, through its joint venture Panthera Graphite Technologies with Metachem Manufacturing Co, Evion began production in late 2024 in India’s Special Economic Zone near Pune. The JV completed its first shipment in March 2025, reinforcing Evion’s growing international presence.
With these developments, Evion positions itself as a noteworthy player in the resource-rich S&P/ASX200 landscape, contributing to the global electrification shift and strengthening Australia’s footprint in future-facing commodities.
