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Tyranna Resources makes graphite discovery at Wilcherry JV

The diamond drill holes will also provide metallurgical samples for flake size analysis.
project location map
The Yeltana Graphite Prospect is in South Australia's Eyre Peninsula

Tyranna Resources Ltd (ASX:TYX) and partner Alliance Resources Ltd (ASX:AGS) have intersected broad, high-grade graphite at the Yeltana Prospect within the Wilcherry Project in South Australia.

Intersections include 21.05 metres at 9.28% total graphitic carbon (TGC) from 171.25 metres, 17.1 metres at 8.54% TGC from 148 metres, and 17.2 metres at 5.05% TGC from 234.1 metres.

Notably, all holes drilled to date show excellent correlation with a highly conductive source positioned below the existing holes.

Exploration Target estimated

An Exploration Target has been estimated for Yeltana of between 24.5 million and 59 million tonnes grading between 5.5% and 10.2% TGC.

Further work is planned to advance the understanding of this mineralisation and its value, including graphite flake size distribution.

The Yeltana Graphite Prospect is located 40 kilometres north-northwest of Kimba, on the northern Eyre Peninsula in South Australia.

Commercial viability to be determined

Following the definition of a sizeable Exploration Target at the Yeltana, Alliance will engage graphite industry experts to help it assess the commercial viability of any potential development.

This will initially consist of preliminary metallurgical test work and if warranted, development of a systematic exploration drilling and metallurgical testing program to define an appropriately sized JORC resource estimate.

READ: Tyranna Resources reveals two target areas in Nevada

Assessment of the economic potential of Yeltana will occur in parallel with the development of the Weednanna gold deposit, which is located only 20 kilometres to the east.

Tyranna owns 24.99% in the Wilcherry Project Joint Venture with Alliance who holds 75.01% and is the project’s operator.

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