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International Graphite hits visible mineralisation in WA

International Graphite has intersected multiple visible zones of shallow graphite mineralisation over a strike length of up to 700m in the company’s first RC outing at its Springdale project near Hopetoun in WA’s South West. The nine-hole, 715m program was run adjacent to its existing resource with management believing the new zones underline the project’s exploration potential.

The Perth-based firm is aiming to be Western Australia’s first fully integrated mine-to-market graphite producer and already has its foot on a 15 million-tonne inferred resource at Springdale, running 6 per cent total graphite content. Importantly, the estimate includes a higher-grade 2.6 million ounce core running 17.5 per cent total TGC.

The company says the new exploration program at Springdale is aimed at boosting the resource, elevating it to the higher category “indicated” status and drill- testing a raft of compelling targets that are speckled within a 2.5km envelope of the deposit. The work will also permit the collection of samples for initial geotechnical assessments and mine planning activities.

According to International Graphite, the zones of newly defined mineralisation were struck in its first of seven high-priority drill targets probed and proves up its use of airborne electromagnetic survey methods to vector in on conductive graphite mineralisation.

The first target sits about 500m west of the company’s existing Springdale resource and was defined as a distinct conductor through airborne electromagnetic survey data.

The company has submitted a suite of samples from the RC probe to an assay laboratory for detailed analyses.

In addition to the RC work, resource evaluation drilling using a diamond rig is also underway west of its current Springdale mineral resource. Management says it is keen to accelerate the program and will soon add an RC rig to its diamond-led campaign.

The company is also advancing a feasibility study for Springdale, that could lead to an open-pit mining operation over the next two years.

Springdale is the lynchpin in our vision to be the first sovereign mine to market battery graphite producer with operations wholly contained in Western Australia

The drilling is building our confidence and understanding of the size and quality of the Springdale mineral resource. Initial results are very promising and support the positive indicators received from past aeromagnetic surveying.

Outside of its exploratory exploits at Springdale, International Graphite is advancing the development of its pilot plant in Collie, WA.

At the downstream processing facility, the company plans to scrub up its Springdale ore up to a 99.99 per cent graphite content, making the material suitable for use in battery anode products, whilst the research centre will investigate a number of graphite purification processes.

All of these projects are part of International Graphite’s strategy to position itself as a player capable of pushing the commodity from mine to market. Momentum appears to be building.

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

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