Announcement Date: 2023-08-22
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: International Graphite Limited
Project name: Springdale
Location: Australia
Commodities: Graphite
Highlight: Drilling results incl. 18m at 10% from 12m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: International Graphite Limited (ASX: IG6) has released final assay results from its highly successful 2022/2023 drilling campaign at the Springdale Graphite Project. These results add more evidence of an exceptional discovery at Mason Bay, one of four new graphite deposits identified during the campaign. Managing Director and CEO Andrew Worland said the Company now had all the data to finalise an updated Mineral Resource estimate for Springdale, which is expected to be available within a fortnight. “The assay results from both infill and exploration drilling are clear evidence of the enormous graphite potential of our landholdings at Springdale,” Mr Worland said. “We started with an aeromagnetic survey highlighting seven possible targets (see figure 2). So far, we have only drilled on four of these and each one has returned graphite mineralisation. “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 2km to the east. “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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