- Green Critical Minerals has found more graphite-hosting rocks on-site its McIntosh project in northern WA
- The company is now planning a Q3 drill run to upgrade its existing Mineral Resource Estimate calculations
- The company is confident its graphitic ore is of a higher than average purity
- The company has found a new graphite-hosting rock system underground which could extend to 350m, adding to an existing 1km strike length on-site
- Green Critical Minerals shares were flat at 11:50 am AEST trading at 1.7 cents on Tuesday
Green Critical Minerals (GCM) has confirmed it’s set to expand its high purity McIntosh Graphite project following the discovery of new thick intersections of graphite-hosting rocks on-site at the Emperor Target.
The company has reported intersecting a 208 metre thick section of graphitic schist, a type of rock exposed to high temperatures through geological time and containing graphitic carbon matter.
Graphite is often considered a ‘forgotten battery metal,’ given that its inclusion is necessary in modern lithium-ion batteries – particularly where the battery anodes are involved, which ultimately allow a battery to transmit electricity to a larger device.
That discovery was made at a target 150 metres south of an earlier-drilled hole which found 280 metres of graphitic schist.
The company then plugged another hole 200 metres to the north of that first hole; discovering a 230m intersection of graphitic schist.
The results are early evidence that the newly discovered graphite-containing schist system underground could extend along a strike of at least 350m – but further infill drilling and geophysics surveys will likely be required to further confirm or deny this thesis.
The total mineralised package at the Emperor target now boasts over 1km strike length, not counting the new discoveries announced today. It is thought to be 250m in width and up to 300m thick.
To that end, the company is charging ahead with its preparations for a follow up drill run at some point in Q3 of this year to delineate the entire potential of the schist system and upgrade its existing Mineral Resource Estimate (MRE) calculations.
Green Critical Minerals holds earn-in options to adopt an 80% stake in the McIntosh project.
Green Critical Minerals shares were flat at 11:50 am AEST trading at 1.7 cents on Tuesday.