More than 40 m length of drill cores were collected from four boreholes drilled by Geological Survey of Finland (GTK) and Outokumpu Oy in high-grade metamorphic rocks of Rautalampi and Käypysuo, Central Finland. The hosted rocks of the graphite mineralization were mica–quartz schist and biotite gneiss. The graphite-bearing rocks and final concentrated graphite powder were studied with petrographic microscope, scanning electron microscope (SEM-EDS), Raman spectroscopy, and X-ray analysis (XRD and XRF). A majority of the studied graphite had a distinctly flakey (0.2–1 mm in length) or platy morphology with a well-ordered crystal lattice. Beneficiation studies were performed to produce high-purity graphite concentrate, where rod milling and froth flotation produced a final concentrate of 90% fixed carbon with recoveries between 67% and 83%. Particle size reduction was tested by a ball and an attritor mill. Graphite purification by alkaline roasting process with 35% NaOH at 250 °C and leached by 10% H2SO4 solution at room temperature could reach the graphite purity level of 99.4%. Our analysis suggested that purifying by multistage flotation processes, followed by alkaline roasting and acid leaching, is a considerable example to obtain high-grade graphite required for lithium-ion battery production.