Novonix (ASX:NVX) is a battery materials and equipment company with its focus on value-adding to raw materials that go into high-end batteries.
The company also has a large graphite deposit in Queensland as well as a battery testing and technology division.
“All of the large battery manufacturers are using Novonix HPC [High Precision Coulometry] equipment to test their batteries. It's the highest precision battery testing equipment in the world,” says the company’s executive director Greg Baynton.
The graphite resource in Mount Dromadery has also recently been found to contain significant levels of copper.