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Comet Resources Ltd.
Summary
| Project: | Springdale | |
|---|---|---|
| Deposit: | Springdale | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 12/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-12-2018: Comet Resources Ltd. announces a Resource Estimation report for its Springdale deposit at the Springdale project. Initial mineral resource estimate at the project. Comet Resources Limited (ASX: CRL) (“Comet” or the “Company”), is pleased to ann | |
| Resources: | x | |
| CP/QP: | [Resources]: Matthew Jones (Internal) | |
| ABSTRACT: | Comet Resources Limited (ASX: CRL) (“Comet” or the “Company”), is pleased to announce a maiden graphite resource at Comet’s 100% owned Springdale Project. Comet conducted a 220 sq. km detailed aeromagnetic survey over the Springdale Project (ASX release 10th November 2017). Detailed Interpretation of less than 10% of Comet’s total land holding delineated 26 kilometres of stratigraphy deemed to be prospective for graphite mineralisation; currently less than 20% of this has been drill-tested. Drill testing of identified prospective stratigraphy has been successful in discovering graphite mineralisation. Comet plans to progress the assessment of the graphite and graphene at Springdale Project through the following work programs: Drilling – A diamond drill program has been planned to follow up high grade intersections. This will provide sample for metallurgical testwork and high quality information to move the geological understanding and resource modelling forward with the aim to convert high-grade areas to Indicated Resources. Further RC drilling is planned to test new targets for graphite mineralisation. Drilling will be carried out during the summer months after crops have been harvested. Metallurgical Testwork – Metallurgical testwork will continue on existing diamond core. Understanding the amenability of the graphite at Springdale to convert to graphene and/or to be used in battery anodes and other technologies is an integral part of understanding and realising its commercial value | |
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