International Graphite has secured a mining lease from the WA Department of Energy, Mines, Industry Regulation and Safety for its Springdale graphite project.
The lease, identified as M74/0252, encompasses the graphite deposits at the company’s wholly owned Springdale project site near Ravensthorpe and Hopetoun on WA’s south coast.
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Feasibility studies and mine planning are currently in progress, with construction expected to commence in 2024 following the receipt of necessary approvals.
The newly secured lease, alongside lease M74/0253, covers nearly the entirety of the identified mineral resources at the Springdale site.
International Graphite’s Springdale project is recognised as Australia’s second-largest graphite deposit and ranks among the world’s top 15, boasting an estimated 49.3 million tonnes at 6.5% total graphitic content.
Springdale holds significant potential for expansion, with only 10% of the tenement areas and 20% of exploration targets having been explored thus far.
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By GlobalDataThe deposit’s high-grade, fine flake composition, coupled with its metallurgical properties suited for battery anode material, makes it ideal for a shallow, long-life open-pit mining operation.
The project is poised to provide graphite concentrate for International Graphite’s downstream processing operations in Collie, establishing a vertically integrated operation from mine to market.
In April this year, the WA Government earmarked A$4.5m ($2.8m) to support International Graphite in establishing a graphite processing plant in Collie.
Graphite is a vital material in the production of anode components for lithium-ion batteries, which are essential for powering electric vehicles and large-scale energy storage systems.
International Graphite is supported by government and community support including a A$8.5m investment from the WA Government and A$4.7m from Australia’s national Critical Minerals Development Programme.
The company aims to produce a fully purified and coated battery anode material using its own mined resources.
