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New results increase WA resource for International Graphite

 

ASX-listed International Graphite has unveiled another set of analyzes at its Springdale project near Hopetown, Washington that it says could facilitate shallow and long-term open pit mining at the site. Outstanding results include 8.8m at 8.3% total graphitic carbon, or “TGC” at 22m, and add weight to an already impressive 15 million tonnes plus company life in service.

Additional results include 2.5m with a 13.0% TGC estimate with 57.5m downhole, 1.8m with 10.1% TGC with 64.8m and 1.6m with 32.4% attractiveness from 15.2 m within a wider 8.6 m interval from 14.8%. THC from 9.4m.

Other important analysis results show that 1.3m is 36.2% TGC of 59.3m in the longer 19m envelope at 5.7% of 53m and 2.5m at 40.1% TGC inside the longer a wide strike of 7.2m going 18.3% TGC from 16.8m.

The latest set of analyzes came from 12 diamond wells at 962m and 39 RC filled wells at just over 2420m, and the company welcomed the results as major supporters of its proposal to increase Springdale’s current graphite reserves.

The Perth-based company is already drawing on Springdale’s estimated resources of more than 15 million tonnes with a TGC of 6 percent. Unusually, the project contains an even higher grade Inferred Resource of 2.6 million tonnes at 17.5% TGC.

Notably, International Graphite states that its recent campaign validates high-grade unit domains and maintains the performance of the box model in its present estimate.

The company is currently studying a feasibility study for the project, after completion of which it may begin open pit mining within the next few years.

Springdale is a near-surface, potentially open pit mine strategically located near Hopetown on Washington’s south coast, offering well-developed road and port infrastructure.

At each stage of our drilling program in Springdale, either new high grade areas were identified or existing high grade zones were confirmed. These diamond drilling results give us great confidence in the quality and potential of Springdale’s resources and their ability to support shallow and long-term open pit mining.

Ultimately, the company expects to process ore from Springdale sources at the Colley processing facility, located about 450 km from the mine. The procedure will allow the company to transform the original graphite material into a substance suitable for use in the construction of lithium-ion batteries.

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