International Graphite’s latest assays from RC drilling at the Mason Bay exploration target at its Springdale graphite project in WA have flagged yet more high-grade graphite.

Results from 39 of 60 RC holes at Mason Bay have now been received, with standouts including:

  • 11m at 11.7% Total Graphitic Carbon (TGC) from 57m downhole including 1m at 23.0% TGC from 63m downhole (SGRC0086);
  • 9m at 5.0% TGC from 42m downhole including 1m at 21.3% TGC from 43m downhole (SGRC0090);
  • 24m at 7.2% TGC from 72m downhole (SGRC0093);
  • 23m at 8.7% TGC from 77m downhole (SGRC0094); and
  • 12m at 12.6% TGC from 41m downhole including 1m at 20.7% TGC from 43m downhole (SGRC0096).

Mason Bay, the fourth discovery at the project, sits around 2km east of the existing Springdale mineral resource and is one of seven high priority exploration targets identified to date. 

Mineral resource estimate on the cards

“The latest assay results from Mason Bay continue to excite us,” International Graphite (ASX:IG6) MD and CEO Andrew Worland said.

“It’s clear that the more we drill following the AEM image the more graphite we can expect to find.

“Assays for the balance of the resource and exploration drilling program are due to be received by mid-July with a new resource estimate to be published soon after.”

Future drilling to build the resource base

“As reported in February 2023, flotation tests on sample composites from Mason Bay produced high grade graphite concentrate at excellent recoveries with ‘fines’ size highly amenable to micronizing,” Worland added.

“We expect future drilling will continue adding to the Springdale resource base. Areas, comparable in size to the existing identified mineral resource, remain to be investigated.

“The continued exploration success at Springdale gives us great confidence that sufficient mineral resource will be available across our tenement package to host a long life mine and support our integrated mine-to-market graphite operation in Western Australia.”

 

 

 

This article was developed in collaboration with International Graphite Limited, 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.

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