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International Graphite cranks up drilling in WA

International Graphite is ramping up drilling and exploration at its Springdale project, about 500km south of Perth in Western Australia. The company says it will soon launch a 7000m RC and diamond drilling campaign that could see the Australian owned operation bolster its existing resource and punch up the confidence in the new asset.

Perth-based International Graphite picked up Springdale only recently after leaping onto the local bourse in March, using proceeds from its initial share offer to complete the acquisition of the graphite operation from Comet Resources.

Comet had already sunk about $5 million into Springdale before the deal, proving up the project’s inferred resource and completing an array of exploration work, that indicated the deposit could offer significant expansion opportunities. Notably, earlier work suggested Springdale’s graphite could be processed up to battery-grade anode quality.

International Graphite says it will now use its looming work plan to build on Comet’s previous feats and cultivate an inferred mineral resource at the site.

According to the company, it currently has its foot on an exploration target of between 18 to 54 million tonnes at Springdale with grades of up to 18 per cent total graphite content, or “TGC” touted. The figures don’t take into account the project’s current mineral resource estimate, meaning a huge graphite resource could soon be unearthed.

The current mineral resource at Springdale stands in at a solid 15.6 million tonnes going 6 per cent TGC, with a higher-grade component of 2.6 million tonnes going a healthy 17.5 per cent TGC.

To improve resource confidence, provide additional samples for ongoing metallurgical test work and provide data for geotechnical assessments and mine planning, an initial program of 54 RC and 12 diamond drill holes will be sunk into the Western Zone and Eastern Zone resource domains at Springdale.

The work will then be followed by additional exploration drilling.

Since its acquisition, International Graphite has run a sequence of detailed exploration analysis work across its Springdale tenements, identifying a series of electromagnetic anomalies in the process.

According to the company, every electromagnetic conductor tested so far has pointed to graphite mineralisation — even the weaker responses.

To determine the prospectivity of the graphite anomalies, an initial drilling program of 37 RC drill holes for about 2,800m will be used.

International Graphite is seeking to cement its status as Western Australia’s only mine to market graphite producer.

All eyes will now shift to the company’s looming drilling and exploration work as it looks to scrub up its resource and expand its graphite footprint at Springdale.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au

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