Investor Presentaiton
76 INTERNATIONAL
GRAPHITE
COMPETENT PERSONS STATEMENT/JORC COMPLIANCE STATEMENT
This announcement contains references to Mineral Resources Estimates and Exploration Results which have been extracted from previous ASX announcements as referenced. Particular attention
is drawn to the ASX release dated 12 September 2023 titled 'Huge Mineral Resource increase at Springdale'. The Company confirms that it is not aware of any new information or data that materially
affects the information included in the said announcements, and in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates
in the relevant market announcements continue to apply and have not materially changed.
GENERAL DISCLOSURE AND CAUTIONARY STATEMENTS
International Graphite Limited releases the key findings of its scoping study that has been undertaken for the purpose of developing a preliminary technical and economic assessment
of the potential viability of the development of a graphite mining and concentrate production operation at the Springdale Graphite Project (Springdale) located on the south coast of
Western Australia (Springdale Scoping Study).
Springdale would supply graphite concentrates to a downstream processing facility located in Collie, 200km south of Perth in Western Australia that would produce battery anode materials
for the lithium-ion battery industry (Collie BAM Facility).
In April 2023 International Graphite released a scoping study that considered the preliminary technical and economic assessment of the potential viability of the construction and
operation of the Collie BAM Facility that treated third party concentrates (Collie BAM Facility Scoping Study).
The completion of the Springdale Scoping Study allows production from Springdale to replace the third party concentrates used in the Collie BAM Facility Scoping Study with concentrates
sourced from Springdale.
The Collie BAM Facilities has been designed around processing a 95% graphite concentrate. The ore source does not materially change the flowsheet assumptions at this level of graphite concentrate.
There are no adverse impurities in the Springdale concentrate relative to imported concentrate that would require tailoring of the facilities accordingly. As the scope of the facilities (i.e. processing
capacity) have not changed and the quantities of finished products being sold have not changed, there are accordingly no changes to labour, power consumption, maintenance, consumables, and
general overheads and haulage. The Company has also reviewed general construction market conditions and conditions on hand in the Collie region since Q1 2023 and determined there are no
indicators suggesting project implementation costs have materially changed in this period.
With the exception of foreign currency exchange rate, pricing from the Collie BAM Facility Scoping Study remains valid at the date of this report and there have been no changes to plant design or
flowsheet assumptions. This ASX release should be read in conjunction with the ASX release dated 26 April 2023 for further particulars regarding the processing flowsheet for the Collie BAM Facility.
The substitution of graphite concentrate supply source lowers the forecast operating costs for the Collie BAM Facility. Capital cost inputs to the Collie BAM Facility Scoping Study remain unchanged.
The combination of the Springdale Scoping Study and the Collie BAM Facility Scoping Study is referred to herein as the Springdale-Collie Integrated Mine to Market Scoping Study.
The outcomes, production target and forecast financial information referred to in this release are based on low level technical and economic assessments that are insufficient
to support estimation of Ore Reserves.
The Springdale-Collie Integrated Mine to Market Scoping Study is presented in Australian dollars to an accuracy level of +/- 35% with a 90% level of confidence.
While each of the JORC modifying factors was considered and applied, there is no certainty of eventual conversion to Ore Reserves or that the production target itself will be realised. Further exploration
and evaluation work and appropriate studies are required before International Graphite will be in a position to estimate any Ore Reserves or to provide any assurance of an economic development case.
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