International Graphite Boasts ‘Spectacular’ Assay Results from Springdale Drilling Campaign

THE DRILL SERGEANT: International Graphite (ASX: IG6) described as “spectacular” graphite assays recently achieved at the company’s 100 per cent-owned Springdale graphite project near Hopetoun-Ravensthorpe on the south coast of Western Australia

International Graphite reported assays from four diamond holes recently carried out at the Mason Bay deposit within the Springdale graphite project.

The program focussed on geotechnical drilling, to inform mine planning and permitting, and to provide metallurgical data for concentrator plant process design.

Stand out graphite intercepts include:

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11 metres at 14.3 per cent Total Graphitic Carbon (TGC) from 10.4m downhole, including 1m at 21.3 Per cent TGC from 13m and 3.1m at 26.5 per cent TGC from 16m downhole, and
3.6m at 22.1 per cent TGC from 23m downhole, including 3.2m at 24.2 per cent TGC from 23.4m downhole.

“The more we drill at Springdale the more graphite we find,” International Graphite managing director and CEO Andrew Worland said in the company’s ASX announcement.

“The project is shaping as one of global significance to the high growth lithium-ion battery markets and industrial and defence sectors.

“Mason Bay was a new discovery in 2023.

“Similar to the rest of Springdale, the graphite mineralisation is shallow and in oxide/weathered rock, which lends itself to low mining costs, as demonstrated in the Scoping Study we released in January.

“Springdale has enormous expansion potential.

“Only around 25 per cent of the targets identified in previous aeromagnetic survey have been drilled.

“We expect further exploration and infill drilling will add considerable mine life beyond that which was generated in our scoping studies.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE