Metal Bank's breakthrough graphite discovery

Metal Bank (ASX:MBK) has announced notable graphite findings at its Millennium Cu-Co-Au Project in northwest Queensland. The re-assay of 2022 drill samples revealed high-grade graphite mineralization over more than 2 kilometers, including intersections such as 56 meters at 18.29% graphite. These results highlight the project's significant potential.

Outlook on graphite potential and strategic future

Metal Bank Limited has identified significant graphite mineralization at its Millennium Project in Queensland, with extensive high-grade intersections enhancing the project's prospects. The company plans further metallurgical testing and drilling to explore the graphite potential, aiming to capitalize on growing demand driven by electric vehicle battery applications. Metal Bank's strategy includes unlocking value from its Australian assets while pursuing copper and critical minerals opportunities in Saudi Arabia and Jordan. The Millennium Project's strategic location and geological context position it well for future growth in the battery materials market.

Executive insights on Millennium project developments

These results underscore the potential for high-grade graphite resources at our Millennium Project. The presence of thick and extensive graphite mineralization within and adjacent to our existing pit model presents a compelling opportunity to enhance the project's value.