International Graphite (ASX:IG6) reports it has intersected ‘exceptionally high-grade’ graphite from infill drilling at the Springdale Graphite Project in Western Australia.
These latest results cover 14 holes for 912m of reverse circulation (RC) infill drilling at the Springdale Project as part of a larger 7,100m RC and PQ/HQ diamond drilling comprising an expected 91 RC drillholes (around 6,200m) and 12 diamond holes (around 900m) which began in June.
The company says this drilling campaign aims to upgrade the existing Springdale Mineral Resource Estimate (MRE) from inferred to indicated status and to add to the resource inventory through drilling in areas highlighted by an airborne electromagnetic (AEM) geophysical survey previously conducted.
International Graphite reports a total of 39 RC (around 2,668m) and 12 diamond holes (around 962m) have been completed and assay results for 14 RC holes have been completed in the southern region of the existing mineral resource.
Significant intercepts recorded by the company include 15m @ 13.4% Total Graphitic Carbon (TGC) from 36m including 3m @ 27.2% TGC from 38m in SGRC0028, 11m @ 16.1% TGC from 32m including 5m @ 27.8% TGC from 33m in SGRC0022.
Other significant intersects include 8m @ 12% TGC from 22m including 3m @ 20.1% TGC from 24m in SGRC0033, 32m @ 5.9% TGC from 31m including 1m @ 22.5% TGC from 52m in SGRC0030, and 19m @ 4.7% TGC from 5m in SGRC0034.
International Graphite Executive Chairman Phil Hearse said the success of the exploration and infill drilling program gives the company confidence that it will establish a long-life mineral resource at Springdale.
“Drilling at Springdale continues to deliver outstanding graphite results and will assist in reclassification of the inferred mineral resources to indicated status”
“Drilling at Springdale continues to deliver outstanding graphite results and will assist in reclassification of the inferred mineral resources to indicated status.
This is an important stage in the mine development cycle and a significant step in our vision to be self-sustaining and the first mine to market graphite producer wholly operating in Western Australia.”
International Graphite is a Western Australian emerging supplier of graphite products including battery anode material for the global electric vehicle and renewable energy markets.
It aims to build on Australia’s reputation for ‘technical excellence’ and ‘outstanding ESG performance’ with future mining and graphite concentrate production from the Springdale Graphite Project and commercial scale graphite concentration production at Collie.
International Graphite Limited & iStock