Sign up Australia
Proactive Investors - Run By Investors For Investors

Strike Resources reveals jumbo flake graphite within Burke project

Adjacent to one of highest-grade flake graphite deposits in the world.
Strike Resources reveals jumbo flake graphite within Burke project
Planning to commence drilling towards the end of this month

Strike Resources (ASX:SRK) has confirmed the presence of jumbo flake graphite from petrographic analysis of graphite samples taken from its Burke Graphite Project in Queensland.

Strike’s tenement is immediately adjacent to the Mt Dromedary Graphite Project, one of highest-grade flake graphite deposits in the world, being developed by Graphitecorp (ASX:GRA).

The graphite flakes within Strike’s tenement were found to have two distinct populations, being massive large to jumbo flake sizes together with a fine amorphous to small flake ground mass.

Flake sizes over 1,000 micrometres were observed within the sampled petrography thin sections.

Jumbo Flake graphite typically attracts a premium price compared to smaller flake sizes, as larger flake sizes are more suitable for making lithium-ion battery anodes.

Strike is planning to commence drilling towards the end of April 2017 with the principal objective of drill testing the geologically mapped high grade graphite zones.

This is for the purpose of determining the width, dip and depth of the underlying graphitic body, as well as the distribution of the higher value jumbo flake graphite.

Strike is planning circa 1,000 metres of drilling in the initial phase.

The company’s share price increased by 37% during the past six months, last trading at $0.063.

View full SRK profile View Profile

Strike Resources Timeline

Related Articles

copper wires
October 12 2018
Leigh Creek will add to the cash being generated by New Mexico-based iron ore business Cobre to fund exploration and development opportunities elsewhere.
1520866985_shutterstock_161588243.jpg
March 13 2018
Getting financing will be a "significant" milestone toward the construction, said the group
copper tubes
May 30 2018
The latest economic study at Parys Mountain has delivered some encouraging numbers against a backdrop of rising base metals prices

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use