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- Green Critical Minerals (GCM) locks in plans for a maiden drilling program at the McIntosh graphite project in Western Australia
- The company, alongside earn-in partner Hexagon Energy Materials (HXG), has scheduled a reverse circulation (RC) drilling program for the first half of Q2 2023
- The program will involve 10,500 metres of drilling to follow up on high-grade rock chip samples collected in September last year, with a focus on five priority targets
- Diamond drilling is expected to take place after the program pending the success of the maiden reverse circulation work
- Green Critical Minerals is up 2.86 per cent, trading at 1.8 cents at 4:00 pm AEDT
Green Critical Minerals (GCM) has planned a maiden drilling program at the McIntosh graphite project in Western Australia.
The company holds earn-in rights for up to 80 per cent of the high-purity graphite project, alongside Hexagon Energy Materials (HXG).
The partners’ maiden reverse circulation (RC) drilling program is due to launch in the first half of Q2 2023. It will involve 10,500 metres of drilling to follow up on high-grade rock chip samples collected in September last year, with a focus on five priority targets.
Nine targets were originally investigated as part of a field mapping program to provide a first-pass reconnaissance over the primary target areas and sample any outcropping graphitic schist to determine the flake size and grade of each target.
The company’s new program will focus on the Marlin, Marlin West, Threadfin, Trevally and Cobia prospects over a total of 130 drill holes, where very limited reconnaissance work has previously been conducted.
Pending the success of the maiden program, this will then be followed up with diamond drilling.
A heritage impact application (HIA) has been submitted to the Malarngowem Aboriginal Corporation, the traditional owners of the project, to seek approval and to complete a heritage survey over the planned access tracks and drill lines.
The company will now focus on submitting a program of work to the Department of Mines, Industry Regulation and Safety (DMIRS) and engage an engineering firm to commence a pre-feasibility study.
Green Critical Minerals was down 2.86 per cent, trading at 1.7 cents at 2:00 pm AEDT.
