Lithium Energy Scores Top-notch Drilling Results at Burke Graphite

THE DRILL SERGEANT: Lithium Energy (ASX: LEL) reported assay results from Reverse Circulation (RC) drilling undertaken on the company’s 100 per cent-owned Burke graphite project in Queensland.

Lithium Energy claimed the drilling had confirmed the Burke graphite project as one of the highest-grade graphite deposits globally.

The company’s enthusiasm stems from first assay results received from seven RC holes that include multiple outstanding (composite) intercepts of graphite in excess of 20 per cent total graphitic carbon (TGC).

High-grade intercepts of graphite include:

BGRC021
48 metres at 21.9 per cent TGC from 45m;

BGRC017
43m at 21.6 per cent TGC from 69m; and

BGRC016
30m at 23.3 per cent TGC from 84m.

“These grades are exceptionally high when compared with most other known graphite deposits globally,” Lithium Energy said in its ASX announcement.

Lithium Energy pointed out that that previous CSIRO testwork has confirmed Burke graphite to be suitable for use in lithium-ion batteries.

Lithium Energy is planning to commence Engineering Studies shortly to assess the viability of establishing a Purified Spherical Graphite (PSG) anode manufacturing facility in Australia using the Burke graphite as feedstock material.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE