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International Graphite (ASX:IG6) reports “outstanding” testwork results from Springdale project, WA

ASX News, Materials
ASX:IG6      MCAP $8.323M
21 February 2023 18:37 (AEDT)

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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.

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