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Comet Resources Ltd.

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Summary

Project:

Springdale

Deposit:Springdale
Location:Australia
Commodities:Graphite
Date:5/8/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:8-5-2018: Comet Resources Ltd. announces an Exploration/Drilling Update report for its Springdale deposit at the Springdale project. Drilling results incl. 15m @ 20.4% TGC. Eastern Zone graphitic horizon confirmed for at least 800m strike with high grade
Resources:x
CP/QP:[Overall Report]: A. Cooper (Independent)
ABSTRACT:Eastern Zone graphitic horizon confirmed for at least 800m strike with high grade graphite (>20% TGC) defined for 500m Western Zone graphitic horizon confirmed for at least 2.5km strike with high grade graphite (>20% TGC) Springdale has three highly prospective drill-tested graphite target zones and greater than 20km of untested priority aeromagnetic targets In September 2017 Comet Resources Limited (ASX: CRL) (Comet) conducted a 220 sq km detailed aeromagnetic survey over the Springdale Graphite Project in Western Australia (ASX release 10th November 2017). Interpretation of this survey delineated 26 kilometres of stratigraphy deemed to be prospective for graphite mineralisation (currently less than 20% of which is drill-tested). The newly discovered Northern Zone, along with the Western Zone (discovered in 2016) and the Eastern Zone (discovered in 2017) demonstrates the prospectivity for high grade graphite mineralisation at the Springdale Project (Figure 6).

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