International Graphite (ASX: IG6) has reported “spectacular” assays from the new Springdale Central prospect within the Springdale project in Western Australia.
Results from 44 out of 47 reverse circulation holes drilled at the discovery produced standout intercepts such as 12 metres at 11.6% total graphitic content (TGC) from 51m downhole including 3m at 25.6% from 53m; 8m at 11.4% TGC from 57m including 3m at 22.0% from 60m; and 10m at 20.9% TGC from 48m including 7m at 23.9% from 49m.
Other results were 13m at 12.5% TGC from 61m downhole including 5m at 24.22% from 66m; 6m at 15.6% TGC from 46m including 3m at 24.8% from 47m; 12m at 22.6% TGC from 59m including 10m at 24.6% from 59m; and 6m at 14.4% TGC from 68m including 3m at 19.8% from 69m.
Four discoveries
Springdale Central was the second of four new graphite discoveries made during the company’s 2022-2023 drilling campaign.
The others are Mason Bay, Springdale South and Springdale Far West.
Drilling was completed over 3,700m at an average depth of 84m with assays showing the deposit to be open in all directions.
Important deposit
Managing director Andrew Worland said Springdale Central was developing as an important deposit to support Australia’s evolving battery minerals industry.
“Our exploration over the past year shows that Springdale presents the potential to host a deposit of industry significance… it is a key link in our strategy to build Western Australia’s first mine-to-market supply of battery anode graphite,” he said.
“It is fantastic that such a significant new find [such as Central] has been identified immediately adjacent to our existing Springdale mineral resource… the new assays add to positive results we have already seen from Mason Bay, just east of the resource.”
Drilling to date
Over 10,000m of drilling has been completed at Springdale Central and Mason Bay to date over an area which is approximately half the size of the project’s total mineral resource area.
Additional exploration targets remain untested at Mason Bay and elsewhere within the Springdale tenements and have been earmarked for future exploration activities.
