Metals Australia Technical Advisor Jon Dugdale joined Steve Darling from Proactive to share an update on the company's Lac Rainy Graphite Project in Quebec. Dugdale shared the results of the fieldwork conducted at the project, highlighting some significant findings.
The fieldwork included assays from 80 samples collected from 10 graphitic trends identified using electromagnetic imagery. One of the notable results was a rockchip sample containing over 50% graphitic carbon from a large electromagnetic anomaly located west of the existing Mineral Resource. This extensive anomaly stretches for over 6 kilometers from the West Carheil trend and includes numerous samples with over 20% carbon content. The average grade of the 80 new samples is over 11% graphitic carbon, and the total strike length of the high-grade graphitic zones identified exceeds 36 kilometers.
Dugdale mentioned that the company is planning a new drilling program to test these high-grade graphitic trends with the aim of expanding the resource potential and increasing the overall grade. Permit applications are being submitted for approval, and the drilling program is expected to begin during the upcoming winter drilling season.
Additionally, Metals Australia is initiating work on a Pre-feasibility Study for mining and flake graphite concentrate production at the Lac Rainy Graphite Project, which marks a significant step forward in the project's development.