International Graphite (ASX:IG6) eyes production with exceptional results

International Graphite is the first Western Australian-based graphite operation after a 36-metre hole returned 13.4 per cent Total Graphite Carbon at its Springdale graphite project near Hopetoun in southern Western Australia.

RC drilling assays include 27.8% TGC for 5m, 27.2% for 3m and 22.5 for 1m as part of the 14-hole campaign.

The Company said the results highlight promising higher-grade domains within the broader mineralised system.

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

Assay results from further drilling at Springdale are pending and will be released when received.

Price Action

The Company’s shares are 31c at Market Open.

About International Graphite

International Graphite is an emerging supplier of processed graphite products, including battery anode material, for the global electric vehicle and renewable energy markets. The Company is developing a sovereign Australian ‘mine to market’ capability, with integrated operations wholly located in Western Australia. 

The Company intends to build on Australia’s reputation for technical excellence and outstanding ESG performance with future mining and graphite concentrate production from its 100% owned Springdale Graphite Project and commercial scale downstream processing at Collie. International Graphite is listed on the Australian Securities Exchange (ASX: IG6) and Tradegate and Frankfurt Stock Exchange (FWB: H99, WKN: A3DJY5) and is a member of the European Battery Alliance (EBA250) and European Raw Minerals Alliance (ERMA).

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