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Comet Resources drills up to 22% graphite from Springdale

Comet Resources Ltd (ASX:CRL) has intersected high grade graphite from drilling at the Springdale project near Hopetoun in Western Australia.

Comet Resources Ltd drills up to 22% graphite from Springdale

The program consisted of four diamond drill holes for 282 metres and 103 aircore holes for 2,577 metres.

The results for the first two diamond drill holes have been received:
- 15.6 metres at 9.9% TGC (total graphitic carbon) from 30.4 metres including 7 metres at 20.8% TGC from 31 metres;
- 8 metres at 9.9% TGC from 44 metres including 2 metres at 22.3% TGC from 44 metres.

Comet has selected a number of drill samples for further test work.

Testing will include bulk sample metallurgical work, flake size determination and other tests to determine the products and purity.

The results for two more diamond holes and 40+ aircore holes are expected this month.

The Springdale project is part of the Albany-Frazer Orogen which hosts the historic Halberts Graphite mine near Munglinup.

The Munglinup area has produced the bulk of Western Australia’s recorded graphite production.

Comet’s share price has increased by 67% during the past six months, last trading at $0.50.

Quick facts: Comet Resources Ltd

Price: 0.025 AUD

Market: ASX
Market Cap: $6.94 m

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