International Graphite looks ahead to updated Springdale resource
August 23, 2023 at 04:31 pm
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International Graphite Ltd (ASX:IG6) CEO Andrew Worland tells Proactive the company has capped off a highly successful 2022-23 drilling campaign at the flagship Springdale Graphite Project in Western Australia with yet more high-grade graphite. IG6 has had great success in this campaign, hitting economical grades of mineralisation at four targets tested, with another three targets remaining unexplored. This latest set of results was generated in exploration drilling at the Mason Bay prospect, which returned intersections up to 11 metres at 11.7% total graphitic carbon (TGC) from 47 metres, including 2 metres at 21.9% TGC.
“Assay results have been exceptional from the new zones at Springdale Central, which is immediately adjacent to the existing resource, and from Mason Bay, which is just 2 kilometres to the east,” Worland said.
“We still have large tracts of prospective land to explore which makes us very excited about the potential for Springdale to support our plans for a long-term mine-to-market graphite operation in Western Australia.”
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Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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International Graphite Limited is a supplier of processed graphite products, including battery anode material, for the global electric vehicle and renewable energy markets. The Company is focused on developing battery anode graphite in Western Australia to support the global transition to clean energy. The Companyâs vertically integrated operations are located in Western Australia. The Companyâs 100% owned Springdale Graphite project is comprising two exploration licenses and a prospecting license covering approximately 180 square kilometers in the Shire of Ravensthorpe, on the southern coast of Western Australia. The Springdale Graphite project is located around 25 kilometers (km) east of Hopetoun and 150 km from the export port of Esperance. Its products include High and Ultra-high Purity Micronized Graphite, Spheroidised Graphite, and Battery Anode Material (BAM). It also focused on the development of commercial downstream processing facilities in Collie, Western Australia.