International Graphite welcomes huge increase to Springdale resource
September 12, 2023 at 09:11 pm IST
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International Graphite Ltd (ASX:IG6) CEO Andrew Worland tells Proactive the company’s Springdale Graphite Project has become the second largest known graphite deposit in Australia following the release of a new mineral resource estimate. The independent estimate is 3.4 times the previous estimate and follows on from an extensive drilling campaign in 2022/23 that he says has surpassed all expectations. He adds that it’s an important milestone as the company drives to establish itself as one of the first vertically integrated producers of battery anode graphite.
“We set out to upgrade the existing Mineral Resource and expand it.
“To expand it by almost three-and-a-half times, improve the overall grade, and have over a quarter now classified as Indicated, is testament to a well planned and executed program by our technical team,” he said.
“We have only scratched the surface at Springdale.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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International Graphite Limited is a supplier of processed graphite products, including battery anode material, for the global electric vehicle and renewable energy markets. The Company is focused on developing battery anode graphite in Western Australia to support the global transition to clean energy. The Companyâs vertically integrated operations are located in Western Australia. The Companyâs 100% owned Springdale Graphite project is comprising two exploration licenses and a prospecting license covering approximately 180 square kilometers in the Shire of Ravensthorpe, on the southern coast of Western Australia. The Springdale Graphite project is located around 25 kilometers (km) east of Hopetoun and 150 km from the export port of Esperance. Its products include High and Ultra-high Purity Micronized Graphite, Spheroidised Graphite, and Battery Anode Material (BAM). It also focused on the development of commercial downstream processing facilities in Collie, Western Australia.