Oar Resources Limited (ASX: $OAR) achieves significant milestone in graphite testing

Oar Resources Limited (ASX: $OAR) has announced the successful testing of samples from the Oar Graphite Project in South Australia, achieving a fixed carbon content of 95.6%. The preliminary test work, conducted at a tier 1 research facility in China, resulted in the production of a premium product using bespoke commercialised processing flowsheet. The company is now preparing additional samples to further optimize processing flowsheet and generate additional concentrate for evaluation by downstream partners. OAR is also in discussions with world-leading battery anode producers and natural graphite concentrate end-users to evaluate products from its material. Furthermore, a comprehensive geophysical review of the entire Western Eyre Peninsula tenure has been completed, with drilling planned to increase the current graphite Mineral Resource Estimate (MRE).

Executive commentary on Oar Resources' graphite testing results

Our team has been working closely alongside a range of critical minerals development experts to accelerate momentum at the Oar Graphite Project and test our material throughout various stages of the graphite supply chain. The test results from the Beijing General Research Institute of Mining and Metallurgy (BGRIMM) are significant and provide us with confidence in the potential of our project to become an outstanding flake graphite deposit. OAR is committed to extracting maximum value from our sizable landholding and critical mineral interests on the Western Eyre Peninsula as the Company recognises the desire for consistent supply of metals needed to produce the new era of clean, 'green' technology will only continue to rise. Meeting this strong demand has formed a key part of OAR's exploration strategy and will continue to drive the Company as we look to join the critical mineral tidal wave, whether in Australia or elsewhere.

Summary of Oar Resources' graphite testing and future plans

Oar Resources Limited has achieved a significant milestone with the successful graphite testing, demonstrating a fixed carbon content of 95.6% and the production of a premium product. The company is now preparing additional samples to further optimize processing flowsheet and generate additional concentrate for evaluation by downstream partners. OAR is also in discussions with world-leading battery anode producers and natural graphite concentrate end-users to evaluate products from its material. Additionally, the completion of a comprehensive geophysical review of the entire Western Eyre Peninsula tenure has paved the way for drilling to increase the current graphite Mineral Resource Estimate (MRE). Looking ahead, OAR intends to expand the current MRE through future drilling campaigns, including a 5,000m air core (AC) drilling program, and assess other projects both in Australia and overseas to add to its current portfolio of energy transition focused projects, which will complement the Oar Graphite Project.