International Graphite Limited announced the results of a further 12 diamond drilling and 39 RC holes from drilling within the existing mineral resource area at the Springdale Graphite Project ("Springdale" or the "Project"), near Hopetoun and 25km south of Ravensthorpe in Western Australia. The 12 diamond drilling holes outlined in this release were completed in the high grade domains of the mineral resource block model at the northern and southern end of the western half of the existing Springdale Mineral Resource. All drilling undertaken at Springdale continues to be shallow to a maximum of 100-125 metres with all holes remaining open at depth.

Infill drilling will continue at Springdale through February 2023 at which point, following the receipt of assay results, the Company expects to have sufficient data from its program to complete a new mineral resource estimate for Springdale that would support mining studies and feasibility assessment.