Metal Bank (ASX: $MBK) announces high grade graphite results at Millennium Project

Metal Bank Limited (ASX: $MBK) has released the results from recent diamond drilling completed at its Millennium Project in northwest QLD. The drilling targeted a resource extension in the central zone and conceptual testing of the Fountain Range-Quamby Fault Zone. The results include significant high grade graphite intervals adjacent to the existing Co-Cu-Au mineral resource of 8.4Mt @ 1.23% CuEq.

Executive Commentary on High Grade Graphite Results

The company is pleased to confirm high grade graphite results supporting visual observations of significant graphite in drilling at Millennium. We are encouraged by the potential for a graphite resource to unlock additional project value. The project has attracted growing corporate interest, leading to the establishment of a data room. We also continue our focus on priority activities in Jordan and Saudi Arabia. We look forward to providing further updates on this strategy over the coming weeks.

Summary of High Grade Graphite Results and Outlook

Metal Bank Limited (ASX: $MBK) has announced significant high grade graphite intervals at its Millennium Project, indicating the potential for additional project value. The company plans to assess the potential for further value to be unlocked from developing the graphite potential as part of the Millennium Project over the coming months. This includes additional surface mapping and sampling, a review of existing geophysical data, and low-cost re-assaying of previous samples. The project is strategically located between other NW QLD graphite development projects, and the company continues to monitor the NW QLD battery metals space as projects and regional infrastructure develop.