Lamboo Resources confirms McIntosh graphite extension

THE DRILL SERGEANT: Lamboo Resources (ASX: LMB) has completed RC drilling at the company’s McIntosh flake graphite project in Western Australia.

Lamboo said the drilling has confirmed the continuity of flake graphite mineralisation at Target 1 and provides the potential for an increase to the current JORC compliant resource of the project announced in April.

Target 1 represents one of at least five graphitic schist horizons recognised at the McIntosh flake graphite project.

According to Lamboo the RC drilling and geological mapping have confirmed the extension and continuity of the flake graphite horizon 2000 metres beyond the area of the JORC resource at McIntosh flake graphite – Target 1.

Intersections include:

–    9 metres at 5.8 per cent total graphitic carbon (TGC) from 51 metres;

–    31m at 4 per cent TGC from 21m; and

–    20m at 4.6 per cent TGC from 6m.

Ongoing metallurgical work has achieved up to 88 per cent graphite in concentrates based on XRD (x-ray diffraction) analysis.

“The McIntosh flake graphite beneficiation work continues to yield positive results with the aim being to produce pure crystalline flake with no deleterious materials,” Lamboo Resources technical director Craig Rugless said in the company’s announcement to the Australian Securities Exchange.

“It assists with our on-going dialogue with commercial partners as these attributes will be required or higher end user specifications.”