Announcement Date: 2022-10-25
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: International Graphite Limited
Project name: Springdale
Location: Australia
Commodities: Graphite
Highlight: Drilling results incl. 15m at 13.4% from 36m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Commenting on the results, International Graphite (ASX:IG6) Executive Chairman Phil Hearse said, “The success of our exploration and infill drilling program gives us great confidence that we will establish a long-life mineral resource at Springdale. “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.” 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 (Figure 1). 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 (refer Table 3 for details of the existing JORC Mineral Resource Estimate).
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