Highest Grade Graphite Intercept to Date from North Zone

Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased to announce the final results from recent infill drilling conducted at its Springdale Graphite Project in southern Western Australia.

Highlights

• Highest grade intersection returned at Springdale of 3.23m @ 51.02% Total Graphitic Carbon (TGC) from 35.27m within 42.5m @ 17.02% TGC from 20m in hole HD024A (a twin of HD024)
• High grade graphite mineralisation intersected in all infill and twin holes conducted for the program
• Drill core to provide sample for Northern Zone metallurgical test work

Comet Resources MD, Matthew O’Kane, commented:

“Once again we saw spectacular grades in the infill program! While we have already achieved many high grade intercepts in the Northern Zone at Springdale, we are particularly impressed by the width and grade of the intercepts in hole HD024A, including the highest grade intercept to date of 3.23m @ 51%. Now we’re very focussed on the active metallurgical test work program and look forward to releasing those results as they become available”.

Final assay results have been received for the last 8 holes of the 12 hole diamond core drilling program completed at Springdale in September (Figure 1 and 2). The drilling was designed to primarily provide bulk sample material for detailed metallurgical test work as well as infill geological, and structural information on the graphite mineralisation at the Northern and Western Resource areas.

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