InVert Graphite Confirms Wide High-Grade Graphite Zones at Morogoro

Strong Drilling Results Validate Morogoro’s Potential

InVert Graphite Limited (ASX:IVG) has wrapped up its maiden drilling campaign at the Morogoro Graphite Project in Tanzania with assay results that reinforce the project's scale and quality. The latest batch of results features wide zones of graphite mineralisation starting from surface, including a standout 90 metres at 7.9% Total Graphitic Carbon (TGC) in reverse circulation (RC) drilling and diamond drill intercepts reaching up to 21.5% TGC.

These findings build on earlier positive results and confirm the presence of broad, near-surface graphite zones at the Kumba prospect. CEO Andrew Lawson emphasised that the consistency of these wide intercepts validates the project's potential and sets the stage for advancing the next phase of exploration and development.

The Morogoro Project, covering approximately 386 square kilometres of granted and application tenements, remains the company's flagship asset. It is strategically located near key infrastructure, including rail and port facilities, which could be advantageous for future development.

Drilling Paused for Wet Season, Preparations Underway

Drilling activities were paused in late December due to the onset of Tanzania's wet season, a common operational constraint in the region. Despite this, InVert has continued with preparatory work including photogrammetric surveying to support terrain modelling and ongoing trenching to supplement geological data.

An RC rig remains on site to facilitate a swift resumption of drilling once conditions improve. This approach aims to maintain momentum and capitalise on the strong geological indications from the maiden program.

These latest results follow a series of encouraging announcements earlier this year that highlighted the continuity and grade of graphite mineralisation at Kumba, including wide high-grade graphite zones and exceptional diamond drill intercepts up to 21.5% TGC reported in February.

Financial Position Supports Ongoing Exploration

On the financial front, InVert Graphite reported exploration expenditure of approximately A$1.36 million at Morogoro during the quarter, representing nearly 60% of the prospectus-allocated budget since its ASX relisting in June 2025. Total expenditure since relisting stands at 54.7% of the planned A$4.99 million use of funds.

The company ended the quarter with cash reserves of A$1.93 million, sufficient to fund operations for about 3.5 quarters at current spending levels. Administrative and corporate costs were modest at A$76,000 for the quarter, while payments to related parties, including executive remuneration, totalled A$168,000.

In addition to Morogoro, InVert holds 100% interests in exploration licences covering 1,362 square kilometres in South Australia’s White Hill Project, prospective for rare earth elements, diversifying its critical minerals portfolio.

Next Steps Focus on Resource Modelling and Further Drilling

With the maiden drilling results now fully received and incorporated, the company is advancing geological modelling to refine resource estimates. The shallow dip of graphitic units at Kumba allows for efficient drilling spacing, enabling cost-effective follow-up programs designed to upgrade and expand the resource base.

Trenching and additional fieldwork continue during the wet season, bolstering the geological framework ahead of the next drilling campaign. Investors will be watching for updates on resource definition and metallurgical testing, which are critical to assessing the project’s economic viability.