Metalicity identifies high-priority Graphite targets at Munglinup

THE DRILL SERGEANT: Metalicity Limited (ASX: MCT) is making progress at the company’s Munglinup North graphite project (E74/550 and E74/551), near Esperance in Western Australia.

Metalicity has acquired airborne electromagnetic data over the existing project tenements, from which an interpretation and modelling report has been completed by independent specialist geophysicists, Core Geophysics.

According to the company previous limited assaying for graphite in shallow drilling on E74/550 intersected 12 metres at 7.4 per cent carbon, including 4m at 10.33 per cent carbon, from 20m beneath the surface.

The latest interpretation and modelling was undertaken on data from three previously flown airborne electromagnetic surveys acquired by Metalicity over E74/550 and E74/551, two of which were flown using the VTEM system while the third was flown using the SkyTEM system.

The results have highlighted seven anomalies the company now considers to be prospective for graphite.

The target to emegre as the strongest contender is the G1 Prospect, which Metalicity explained has the highest conductivity modelled, and corresponds to the strongest conductivity in the Conductivity Depth Inversion (CDI), and known graphite mineralisation from previous drilling.

The G1 target extends over 1.5 kilometres.

Metalicity also reported it has recently applied for a further three tenements in the Munglinup district it considers to be prospective for graphite.

“Previous exploration at Young River East (E74/574; subsequently granted), identified graphite in a large outcrop of graphitic schist, with a sample containing 21.7 per cent of flake graphite ranging from 0.2 to one millimetre in diameter,” Metalicity sadi in its ASX announcement.

“A test concentrate on this material yielded 57 per cent total graphitic carbon (TGC).

“The remaining two applications, E74/579 and E74/580, cover extensions to high ranking anomalies prospective for graphite that were identified through the recent geophysical targeting work.

“Work has commenced in advancing the exploration of this significant landholding (now totalling approximately 200 square kilometres), and includes landholder liaison, field surveys and drill program planning, with the aim of testing these anomalies as soon as practicable.”