More Exceptional Mineral Resource Definition Drilling Results From Springdale Graphite Project

International Graphite (ASX: IG6) has revealed more significant assay results from 74 RC drill holes completed within the existing Mineral Resource at the Springdale Graphite Project.

HIGHLIGHTS

• Assays received for 74 (RC) drill holes within the existing Springdale Graphite Project Mineral Resource.
• Standout results1 include:
  • 4m @ 17.2% Total Graphitic Carbon (“TGC”) from 53m downhole including 3m @ 20.5% TGC from 54m downhole (SGRC0113) (Eastern).
  • 16m @ 4.9% TGC from 3m downhole (SGRC0122) (Eastern).
  • 18m @ 13.0% TGC from 47m downhole including 1m @ 25.1% from 56m downhole and 4m @ 28.4% TGC from 59m downhole (SGRC0131) (Eastern).
  • 7m @ 16.3% TGC from 58m downhole including 2m @ 26.0% from 58m downhole and 6m @ 12.6% TGC from 78m downhole including 2m @ 26.0% from 79m (SGRC0140) (Eastern).
  • 16m @ 3.6% TGC from 4m downhole (SGRC0189) (Western).
  • 13m @ 3.5% TGC from 16m downhole (SGRC0201) (Western).
  • 12m @ 11.4% TGC from 49m downhole including 4m @ 19.8% TGC from 55m downhole (SGRC0205) (Western).
  • 13m @ 9.6% TGC from 21m downhole including 1m @ 21.2% TGC from 31m downhole (SGRC0208) (Eastern).
  • 25m @ 3.7% TGC from 10m downhole (SGRC0221) (Western).
  • 16m @ 7.0% TGC from 38m downhole including 1m @ 21.0% TGC from 41m downhole (SGRC0222) (Western).
  • 27m @ 3.4% TGC from 5m downhole (SGRC0224) (Western).
  • 15m @ 6.8% TGC from 8m downhole (SGRC0226) (Western).
  • 17m @ 6.0% TGC from 16m downhole (SGRC0227) (Western).
• ~5,150 metres of RC drilling at an average depth of ~70 metres

Managing Director and CEO Andrew Worland said, “These drill holes provide additional data that will be used to upgrade confidence in the existing Springdale Mineral Resource estimate from inferred to indicated status. We have completed some 9-10,000 metres of infill drilling at the existing Springdale Mineral Resource over the past 12 months. This more than doubles the drill data base that supports the existing Mineral Resource estimate.”

Around 5,000 metres of drilling at the Springdale Central discovery, and 3,200 metres of drilling at the Mason Bay discovery (see Figure 2), will add further resource inventory to the revised Springdale Mineral Resource estimate, which as per above, is expected in the coming weeks.

Drill collar data with assay results is shown below in Table 1 and significant intercepts are shown in Table 2. Figures 3 and 4 show graphite mineralisation in cross section from the areas highlighted in Figure 2.

The current Mineral Resource estimate at Springdale is shown in Table 3.

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