International Graphite flags impressive high-grade assays at Springdale

RC infill drilling at International Graphite’s Springdale project in WA has delivered the goods, with the company reporting exceptionally high-grade assay results today.

The results from 14 holes (912m) include:

15m at 13.4% Total Graphitic Carbon (TGC) from 36m downhole, including 3m at 27.2% TGC from 38m downhole;
11m at 16.1% TGC from 32m downhole, including 5m at 27.8% TGC from 33m downhole;
8m at 12% TGC from 22m downhole, including 3m at 20.1% TGC from 24m downhole;
32m at 5.9% TGC from 31m downhole, including 1m at 22.5% TGC from 52m downhole; and
19m at 4.7% TGC from 5m downhole.

Further assays are pending, and International Graphite (ASX:IG6) says so far the results potentially highlight several higher-grade domains within the broader mineralised system.

Confident of a long-life resource

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.

And IG6 executive chairman Phil Hearse is confident of adding to the inventory.

“The success of our exploration and infill drilling program gives us great confidence that we will establish a long-life mineral resource at Springdale,” he said.

“Drilling at Springdale continues to deliver outstanding graphite results and will assist in reclassification of the inferred mineral resources to indicated status.

“This is an important stage in the mine development cycle and a significant step in our vision to be self-sustaining and the first mine to market graphite producer wholly operating in Western Australia.”

This article was developed in collaboration with International Graphite, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.