Comet Resources

Comet Resources Quarterly Activities Report – December 2021

Comet Resources Limited (Comet or the Company) (ASX:CRL), is pleased provide the Quarterly Activities Report and Appendix 5B for the quarter ending 31 December 2021 (the Quarter).


Highlights:

  • Comet to gain participation in high-technology, vertically integrated battery anode and industrial graphite product company, International Graphite (IG) via the vend-in of its Springdale Graphite Project for $8M of shares in IG at its IPO
  • International Graphite has commenced work on Stage 1 of its advanced downstream graphite product manufacturing and R&D facility in Collie, WA
  • International Graphite’s technology has been recognised by and received strong support from the WA Government, with a recent award of a $2M grant to contribute to the development of the Collie facility
  • Successfully completed optimisation test work on the production of spherical graphite at test facilities in Germany
  • Assays from the drilling program completed at Santa Teresa Gold Project delivered multiple high-grade intersections, including ‘bonanza’ grades
  • Significant intersections include:
    • STDDH-21-006:
      • 1.2m at 63.2g/t gold from 124.8m; and
      • 0.7m at 27.5g/t gold from 140.9m
    • STDDH-21-007: 1.6m at 31.0g/t gold from 239.8m
    • STDDH-21-001: 1.0m at 26.9g/t gold from 91.9m
  • Comet has commenced disclosing Environmental, Social, and Governance (ESG) metrics. Disclosures are made using World Economic Forum ESG universal framework

Post Quarter End:

  • The Company has entered a trading halt pending an announcement of a material transaction

During the Quarter, the Company announced that it would participate in the creation of a vertically integrated high-technology battery anode and industrial graphite product business located in Western Australia via a transaction with International Graphite Limited (International Graphite or IG). Under the proposed transaction Comet will vend its Springdale Graphite Project into International Graphite in return for shares initially valued at $8M upon completion of an initial public offering and subsequent listing on the ASX by International Graphite. The transaction will see Comet now participate in both the value created by the graphite resource itself, as well as the substantial value created by downstream processing into end user products.

Click here for the full ASX Release

This article includes content from Comet Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

CRL:AU
The Conversation (0)
Comet Resources

Comet Resources

Battery Commodities for the Low-Carbon Revolution

Working to develop resource projects including gold, copper and graphite.

Working to develop resource projects including gold, copper and graphite. Keep Reading...
5m @ 13.1g/t Gold Intersected within 20m Mineralised Zone in First Drill Hole to Test New Target at Titan East

5m @ 13.1g/t Gold Intersected within 20m Mineralised Zone in First Drill Hole to Test New Target at Titan East

Artemis Resources (ASX: ARV) (Artemis or the Company) is pleased to report a high-grade gold intersection in the first RC hole testing an interpreted NE trending shear zone at the Titan East Prospect, 1.5km west of the Carlow gold-copper resource1. HighlightsFirst Reverse Circulation (RC) drill... Keep Reading...
Patrick Tuohy, gold bars and silver chart.

Patrick Tuohy: Gold's Status Has Changed, Higher Price is Inevitable

Patrick Tuohy, global head of sales and marketing Goldstrom, shares his outlook for gold, saying its position as a store of value has been reestablished.In his view, the yellow metal has found a new price floor at US$3,000 per ounce. Don’t forget to follow us @INN_Resource for real-time... Keep Reading...
Total Metals (TSXV:TT)

TSX-V: TT Closes Acquisition of High Lake and West Hawk Lake from McFarlane Lake Mining and Closing of Final Tranche of Non-Brokered Private Placement

Total Metals Corp. (“Total Metals” or the “Company”) (TSX-V: TT) (FSE: O4N) is pleased to announce the closing of its acquisition of the High Lake and West Hawk Lake (the “Projects”) from McFarlane Lake Mining Corporation (“MLM”), as previously announced on September 24, 2025 (the... Keep Reading...
Map with a red pin marking Ghana, near Côte d'Ivoire and Benin.

Newmont Declares Commercial Production at Ahafo North Gold Mine

Newmont (NYSE:NEM,ASX:NEM) announced that its Ahafo North project in Afrisipakrom, Ghana, has officially entered commercial production, following the site's first gold pour last month. Located about 50 kilometers from Newmont’s existing Ahafo South operation, the Ahafo North mine is expected to... Keep Reading...
Diamond Drilling Commenced at Paranaíta Gold Project

Diamond Drilling Commenced at Paranaíta Gold Project

Visually mineralised targets being drilled to build on existing resource

Jangada Mines Plc (AIM: JAN), a Brazil focused natural resource development company, is pleased to announce that its 15-hole 1,800m diamond drilling ("DD") programme has commenced at the 7,211-hectare Paranaíta Gold Project ("Paranaíta" or the "Project") located in Brazil's historically... Keep Reading...
Lahontan Gold (TSXV:LG)

Lahontan Recieves $4,316,948 From the Exercise of Warrants and Options

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF) (the "Company" or "Lahontan") is pleased to announce the receipt of Cdn $4,316,948 from the exercise of warrants and stock options during the period July 4 through October 23, 2025. Following the exercise of the warrants, stock options, and the issuance... Keep Reading...

Latest Press Releases

Related News