International Graphite Limited (ASX:IG6) has reported another set of spectacular assay results from diamond drilling at the Springdale Central deposit in Western Australia. The company received stand out graphite intercepts, including 11.1m @ 16.9% Total Graphitic Carbon (TGC) and 13.4m @ 19.2% TGC, further confirming the continuity of mineralisation along strike, the grade, and overall veracity of the mineral resource.
Managing Director and CEO Andrew Worland stated, 'We have said it before, but it bears repeating, it is clear to us that a spectacular graphite deposit is continuing to reveal itself at Springdale. The more we drill at Springdale the more high grade, thick, near surface intercepts of graphite mineralisation we find. So many of the key determinants for a low-cost mine are present: shallow overall deposit depth, limited drill and blast, good grades, oxidised material for processing, single product lines - and all in a tier one mining jurisdiction. On top of all the positive attributes, the exploration potential for future mineral resource growth is clear to see.'
International Graphite (ASX:IG6) has received exceptional graphite assays from diamond drilling at the Springdale Central deposit, reaffirming the presence of a high-grade graphite deposit. The company's Managing Director and CEO, Andrew Worland, highlighted the positive attributes of the deposit, emphasizing the potential for future mineral resource growth. The results from the drilling program indicate a promising outlook for the company's Springdale Graphite Project, positioning it as a significant player in the graphite market for lithium-ion batteries and global energy transformation.