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Comet Resources Ltd

Comet Resources to target Springdale graphite extensions with aerial EM survey

The project has an inferred resource of 15.6 million tonnes at 6% total graphite carbon including a high-grade portion of 2.6 million tonnes at 17.5% TGC.

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The Helitem system with large diameter ‘Fat Boy’ receiver in foreground

Comet Resources Ltd (ASX:CRL) is preparing for aerial electromagnetic (EM) survey work targeting extensions to the high-grade graphite resource at Springdale Graphite Project in WA.

Perth-based geophysical specialists Southern Geoscience Consultants (SGC) have been engaged to to undertake the aerial survey.

The recent discovery of two high-grade zones of graphite mineralisation confirmed the ability to target shallow, high-grade graphite mineralisation using EM surveys.

SGC conducted these surveys and has worked with Comet’s team to define an initial aerial EM strategy to provide the optimum exploration targeting tool.

READ: Comet Resources secures funding for diamond drilling at Springdale

Comet Resources chief executive officer Philippa Leggat said: “Our focus is to upgrade and increase the shallow-lying, high-grade component of the graphite resource.

“We already have two high-grade discoveries outside the resource to assist us in achieving this aim.

“We’ve confirmed the ability to use electromagnetic surveys to target high-grade graphite mineralisation that are near-surface and are now ready to move ahead with the first aerial EM survey.

“We expect the results to provide the necessary information to enable our geological team to target the best zones of high-grade graphite mineralisation.”

READ: Comet Resources to explore large target adjacent to Springdale graphite resource

SGC is managing the EM survey and will work with Comet’s team to provide a prioritised list of targets and models.

CGG Aviation will fly the survey using an advanced helicopter electromagnetic system (Helitem), which is the only system operating at 6.25Hz base frequency.

The survey is scheduled to be flown in the first two weeks of August, followed by interpretation on the data by SGC.

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Price: $0.03

Market: ASX
Market Cap: $6.94 m
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