International Graphite Limited announced Exceptionally high grade assay results from infill drilling at Springdale Graphite Project. Assays support the current interpretation and potentially highlights a number of higher-grade domains within the broader mineralised system. Assay results from further drilling at Springdale are pending and will be released when received.

Springdale Drilling Program: The latest results cover 14 holes (912m) of RC infill drilling at International Graphite's Springdale Graphite Project, 25km south of Ravensthorpe, near Hopetoun, in Western Australia. A 7,100m RC and PQ/HQ diamond drilling program comprising an expected 91 RC drillholes (~6,200m) and 12 diamond holes (~900m) was initiated in June 2022. In part, the drilling campaign aims to upgrade the existing Springdale Mineral Resource Estimate from inferred to indicated status and to add to the resource inventory through drilling in areas highlighted by an airborne electromagnetic ("AEM") geophysical survey previously undertaken.

A total of 39 RC (~2,668m) and 12 diamond holes (~962m) have been completed. To date, assay results have been received for 14 RC drill holes completed in the southern region of the existing Mineral Resource. Significant results from this drilling, These include: 11m @ 16.1% Total Graphitic Carbon (TGC) from 32m downhole, including 5m @ 27.8% TGC from 33m downhole (SGRC0022).

12m @ 4.2% (TGC) from 56m downhole (SGRC0023). 9m @ 5.4% (TGC) from 23m downhole (SGRC0024). 7m @ 4.9% (TGC) from 25m downhole (SGRC0025).

15m @ 13.4% (TGC) from 36m downhole, including 3m @ 27.2% TGC from 38m downhole (SGRC0028). 32m @ 5.9% TGC from 31m downhole, including 1m @ 22.5% TGC from 52m downhole (SGRC0030). 10m @ 4.0% (TGC) from 35m downhole (SGRC0031).

13m @ 7.4% TGC from 41m downhole, including 2m @ 23.6% TGC from 44m downhole (SGRC0032). 8m @ 12% TGC from 22m downhole, including 3m @ 20.1% TGC from 24m downhole (SGRC0033). 19m @ 4.7% TGC from 5m downhole (SGRC0034).