Latest Graphite Exploration News

LE Minerals (ASX:LEL) reported a strong $60.4 million cash reserve as it progresses a $20 million sale and spin-out of its Queensland graphite assets to M Battery Materials. Meanwhile, exploration at its Capricorn Gold-Copper Belt and White Plains Lithium projects continues with mixed early results.

LE Minerals has received further assay results from its Burke-Mt Dromedary drilling program, confirming thick, high-grade graphite mineralisation between deposits and supporting an expanded resource estimate. The company is advancing a $20 million sale of these assets to M Battery Materials, which plans an ASX IPO.

Lithium Energy nears completion of a major drilling campaign that reveals a substantial Exploration Target between its Burke and Mt Dromedary graphite deposits, while concurrently advancing the $20 million sale of its graphite assets.

InVert Graphite has delivered strong assay results from its maiden drilling program at the Morogoro Project, Tanzania, confirming extensive near-surface graphite mineralisation with grades up to 21.5% Total Graphitic Carbon. The company pauses drilling for the wet season but maintains a solid cash position to advance next steps.

Metal Bank Limited has intersected thick, high-grade near-surface graphite adjacent to its Millennium copper-cobalt-gold resource in northwest Queensland, potentially adding a valuable critical mineral to the project.

InVert Graphite’s latest drilling results from its Morogoro Project in Tanzania reveal wide zones of high-grade graphite, with assays hitting up to 21.5% Total Graphitic Carbon. These findings bolster confidence in the project’s scale and quality ahead of further exploration.

Sarytogan Graphite Limited reports robust drilling results and key contract awards, progressing its flagship graphite project while advancing copper exploration and securing critical funding.

NGX Limited has progressed its natural graphite exploration in Malawi and uranium projects in Namibia, while maintaining a robust financial footing with $2.7 million cash and no debt. The company is actively pursuing strategic partnerships and development pathways aligned with the clean energy transition.

InVert Graphite has reported further high-grade graphite drill results from its Kumba prospect in Tanzania, revealing wide zones of mineralisation with grades up to 14.9% Total Graphitic Carbon. Drilling is temporarily paused for the wet season, with additional assay results pending.

InVert Graphite has completed its maiden drilling program at the Kumba deposit in Tanzania, revealing wide zones of high-grade graphite near surface and positioning the Morogoro Project for further advancement.

InVert Graphite has reported promising initial drilling results from its Kumba prospect in Tanzania, confirming consistent high-grade graphite mineralisation with grades reaching 13.4% Total Graphitic Carbon. The ongoing drilling program aims to further delineate this significant graphite resource ahead of the wet season.

Sarytogan Graphite Limited reports strong progress in graphite and copper exploration, securing key DFS contracts and a $3.6 million placement to advance its flagship projects.