Comet Resources Drilling at Springdale Graphite Project

THE DRILL SERGEANT: Comet Resources (ASX: CRL) commenced a reverse circulation (RC) drilling program at the company’s Springdale graphite project near Hopetoun in Western Australia.

Comet Resources said the program will test strike extensions to the project’s Northern Zone graphite resource and test a selected number of high-priority new targets.

The drilling follows the release last year by Comet of its Maiden Springdale Graphite Resource of 15.6 million tonnes at six per cent total graphitic carbon (TGC), including 2.6 million tonnes at 17.5 per cent of high-grade TGC.

The company explained the Northern Zone of that resource is located within an interpreted fold closure identified from Comet’s aeromagnetic survey completed in 2017.

“The 2018 drilling programs located broad high-grade graphite mineralisation within this zone,” Comet Resources said in its ASX announcement.

“The shallow dip (more tonnes per vertical metre containing high-grade graphite) and high-grade makes the Northern Zone a great new discovery.

“Extensions along strike are being tested with this current program.

“A selection of new high priority targets will be tested from Comet’s Aeromagnetic interpretation that covers less than 10 per cent of Comet’s 220 square kilometre land holding.

“The interpretation delineated approximately 26 kilometres of prospective stratigraphy for graphite mineralisation.

“Less than 20 per cent of that has been drill-tested to date.

“Historically drill testing of identified prospective stratigraphy has been successful in discovering graphite mineralisation.”

The drilling is being carried out using funding from the Western Australian Government’s Exploration Incentive Scheme (EIS).

As well as the drilling the company is also undertaking physical exploration works and metallurgical testwork on samples from Springdale.

“Understanding the amenability of the graphite at Springdale to convert to graphene and/or to be used in battery anodes and other technologies is an integral part of understanding and realising its commercial value,” the company said.