Quarterley March 2020Key information on the Springdale Graphite...

Quarterley March 2020

Key information on the Springdale Graphite Project
• Comet completed a first pass aircore drilling program in February 2016, which confirmed that
graphite was present (Western Zone).
• In September 2017 a 220km2 detailed aeromagnetic survey was conducted (ASX release 10
Nov 2017). Interpretation delineated 26 kilometres of stratigraphy deemed to be prospective
for graphite mineralisation. Less than 20% of the identified stratigraphy has been drill tested
indicating the potential scale of the Project.
• The Northern Zone was defined as a high priority drill target. RC drilling completed between
December 2017 and February 2018 was successful in identifying high grade graphite
mineralisation in the Northern Zone.
• Comet released a Maiden Resource (Table 1) at the Springdale Graphite Project late 2018
that incorporated the Northern, Western and Eastern Zones (ASX release 6 Dec 2018).
• The high-grade portion of the resource is 2.6Mt at 17.5% Total Graphitic Carbon (TGC) (Table
1).
***************************************************************************************************************
• Metallurgical test work in April 2017 proved that graphene can be produced from Springdale
graphite by electrical exfoliation. It is very rare for a graphite deposit to be able to produce
graphene using the exfoliation method on solid, untreated rock.
**************************************************************************************************************