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Comet Resources Ltd

Comet Resources eyes graphene from Springdale Graphite project

Metallurgical testwork produced graphene from the Springdale ore.

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Comet’s drilling program will start with 15 diamond holes

Comet Resources (ASX:CRL) has commenced drilling at its Springdale Graphite Project near Hopetoun in Western Australia to collect samples for further graphene metallurgical testwork.

The company owns three tenements with a total land area of circa 220 square kilometres at the Springdale Project.

Comet’s drilling program will start with 15 diamond holes for circa 1,000 metres and 90 aircore holes for about 2,700 metres.

The diamond drilling program is designed to:

- produce samples to allow for metallurgical testing to assess the grade and quality of graphene from the ore and also to aid with further graphite battery testwork;

- demonstrate ore continuity and grade over a selected area; and

- to drill test near a past drill hole which assayed 13 metres at 10.9% TGC (total graphic carbon).

It is expected that the first round of results will be available early in the September quarter.

Comet’s previous drilling identified three zones of graphite mineralisation, each zone having reported high grades of graphite (+15% TGC).

Recent metallurgical testwork managed by the company’s metallurgical consultant produced graphene from the Springdale ore.

Further work has been planned to test more core samples, to work out qualitative processes and to explore other process routes in forming and extracting graphene from the Springdale graphite.

Quick facts: Comet Resources Ltd

Price: $0.03

Market: ASX
Market Cap: $7.22 m
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