Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest ASX announcement from International Graphite Ltd.
The company continues to expand its resource base at the Springdale Project in Western Australia, revealing more shallow, high-grade graphite mineralisation.
Recent diamond drilling at the central deposit confirmed intercepts of up to 10 metres at 36.3% total graphitic carbon (TGC), enhancing confidence in the continuity and quality of the graphite resource, the second largest in Australia.
Other notable assay results include 11 metres at 16.9% TGC and 28 metres at 12.1% TGC. These findings further highlight Springdale’s potential for mineral resource growth, building on previous results from the Mason Bay deposit.
The company reiterated that the Springdale deposit continues to impress, with high-grade, near-surface graphite intercepts, making it an ideal candidate for a low-cost mining operation.
Shallow deposit depth, good grades, and oxidised material suitable for processing are among the factors contributing to the project's mining potential.
Exploration potential for future resource growth remains strong.