International Graphite's Springdale project is now Australia's 2nd largest graphite deposit

International Graphite (ASX: IG6) chief executive officer and managing director Andrew Worland joins Small Caps to discuss the company's release of a major resource upgrade at its Springdale graphite project in Western Australia.

The significant jump in resource numbers has led to Springdale being ranked as the second largest known graphite deposit in Australia.

The independent estimate has revealed a new Springdale resource that is 3.4 times higher than the previous estimate.

Significantly the company has moved 27% of the mineral resource to the indicated category.

Lifted by the results of an extensive drilling campaign in 2022/23, the upgraded resource estimate also received a 10% boost from the new Mason Bay graphite discovery, located just 2km from the original Springdale mineral resource.

This major milestone comes as International Graphite continues long term mine planning and moves strategically to establish itself as one of the first vertically integrated producers of battery anode graphite in Australia.

Article:
https://smallcaps.com.au/international-graphite-announces-updated-resource-estimate-springdale/

For more information on International Graphite:
https://smallcaps.com.au/stocks/asx-ig6/

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