Morogoro Drilling Yields Up to 64m at 7.8% Graphite in Maiden Program

Strong Start at Morogoro

InVert Graphite Limited (ASX, IVG) marked a significant milestone in its exploration journey with the completion of its maiden drilling program at the Kumba deposit, part of the Morogoro Graphite Project in Tanzania. The initial results, released in the December 2025 quarterly report, confirm the presence of wide, high-grade graphite mineralisation close to surface, validating earlier trenching successes and underscoring the project's potential.

The drilling program comprised 13 holes totaling 1,300 metres, with six reverse circulation (RC) holes reporting standout intersections such as 48 metres at 8.5% Total Graphitic Carbon (TGC) and 64 metres at 7.8% TGC. These grades are impressive for near-surface graphite deposits and suggest a robust mineralised system that could support future development.

Advancing Exploration and Project Potential

Beyond the initial six RC holes, InVert has completed an additional six RC holes and four diamond drill holes on adjacent sections, with results still awaited. This ongoing drilling effort reflects the company’s commitment to delineating the scale and quality of the graphite resource at Morogoro. The shallow dip of the graphite units allows for efficient drilling spacing, which could accelerate resource definition in subsequent programs.

Managing Director Andrew Lawson highlighted the significance of these results, noting that the drilling confirms both the scale and quality of mineralisation. He emphasised that the company is well positioned to continue advancing the project and delivering further results, which will be critical for unlocking value for shareholders.

Financial Position and Operational Overview

Financially, InVert Graphite reported a cash balance of approximately A$2.48 million as at 31 December 2025. The company’s expenditures during the quarter were consistent with its prospectus commitments, focusing primarily on exploration activities at Morogoro and administrative costs. Payments to related parties, including executive and non-executive directors, amounted to around A$168,000, reflecting standard remuneration and governance expenses.

InVert also holds a substantial portfolio of mineral tenements, with approximately 386 square kilometres in Tanzania and 1,362 square kilometres in South Australia. While Morogoro remains the flagship project targeting high-grade graphite, the White Hill Project in South Australia offers potential exposure to rare earth elements, diversifying the company’s critical minerals footprint.

Looking Ahead

The pending results from the additional drilling at Kumba will be closely watched by investors and analysts alike, as they will provide further clarity on the resource’s extent and grade continuity. Meanwhile, the company’s ability to maintain its financial health and meet exploration milestones will be crucial as it seeks to advance Morogoro towards development.