Ann: Fourth high grade graphite discovery at Springdale, page-3

International Graphite has announced its fourth high-grade find at the Springdale Graphite project in WA, with assays from the previously undrilled exploration target Mason Bay showing strong graphite results.

Standout assay results for the first 15 RC holes include:

• 15m at 11.3% Total Graphitic Carbon (TGC) from 38m downhole (SGRC0075);
• 16m at 11.7% TGC from 13m downhole (SGRC0076);
• 6m at 13.3% TGC from 31m downhole (SGRC0076);
• 19m at 8.4% TGC from 55m downhole (SGRC0076);
• 9m at 17.3% TGC from 33m downhole including 4m at 29.3% TGC from 34m downhole (SGRC0077);
• 5m at 9.7% TGC from 82m downhole (SGRC0077); and
• 2m at 9.2% TGC from 59m downhole (SGRC0078).

Notably, Mason Bay is just one of seven high priority exploration targets identified by an airborne electromagnetic (AEM) survey – and it sits just 2km east of the existing Springdale Mineral Resource.

Fourth discovery since mid-2022

“Mason Bay is our fourth discovery since we started drilling at Springdale in mid-2022,” International Graphite (ASX:IG6) MD and CEO Andrew Worland said.

“The fact that it is so close – only 2km east of the existing Springdale mineral resource – makes it particularly exciting.

“We expect to revise the mineral resource estimate for the Springdale Graphite Project as soon as we have the remaining assays for both Springdale and Mason Bay.

“We also see significant opportunity for more graphite discoveries at Springdale in the future.

“Anomalies to the north of the existing mineral resource cover an area similar in size and are yet to be tested.”