The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • International Graphite (IG6) receives”outstanding” results from its first two metallurgical tests on graphite samples from its WA Springdale graphite project
  • The testwork showed “excellent” graphite recovery into concentrate of up to 93.7 per cent, with concentrate grades above 97 per cent total graphitic carbon (TGC)
  • CEO Andrew Worland says the results provide further evidence that Springdale graphite mineralisation is amenable to a simple, low-cost flotation process
  • IG6 says further drilling is ongoing within the existing Springdale mineral resource
  • Shares in International Graphite closed grey at 26 cents on Tuesday afternoon

International Graphite (IG6) has received “outstanding” results from its first two metallurgical tests on graphite samples from recent drilling at its Springdale graphite project in Western Australia.

The first flotation test produced a product quality of 97.4 per cent total graphitic carbon (TGC) — a concentrate grade that exceeds the typical benchmark of 95 per cent TGC.

The test work was performed on a six-metre composite sample with an average grade of 20.5 per cent from a depth of 14 metres.

The second test showed graphite recovery of 93.7 per cent with a concentrate grade of 97.1 per cent TGC.

“The results provide further evidence that graphite mineralisation at Springdale is amenable to a simple low-cost flotation process and could produce high quality, low impurity concentrate suitable for battery anode material processing,” International Graphite Managing Director and CEO Andrew Worland said.

The concentrates produced were smaller than 75 microns and are considered to be highly amenable to micronising, which is widely used in industrial applications as well as the downstream processing of battery anode material.

“We are pleased with how the Springdale graphite project and our downstream facilities at Collie are being developed and integrated and advancing towards becoming Western Australia’s first mine-to-market producer of battery anode material,” Mr Worland said.

Shares in International Graphite closed grey at 26 cents on Tuesday afternoon.

IG6 by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX Ltd drops on ASIC $150M raise request; iron ore offsets gold bounceback

Good Afternoon and welcome to Market Close for Monday of Week 51, I’m Jon Davidson.
HotCopper Daily Market Trends Graphic

Monday’s HotCopper trends: Winsome, 4D Medical, and other daily topics | Dec 15

With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets, which is why getting out in front
A dirt road running through the Antimony Canyon project in Utah.

American Tungsten and Antimony leaves ‘Trigg’ name behind to start next era (and set fresh focus)

American Tungsten and Antimony has entered a new era, leaving the name "Trigg Minerals" behind to…
The Market Online Video

How to manage money on the average Aussie income

This week on Money and Investing, Mitch Olarenshaw and I break down how to manage money on the average Australian income, using practical