Comet Resources

Comet Resources has managed to produce industry standard “spherical graphite” in tests designed to determine if its Springdale Graphite Project in WA can supply graphite for lithium battery anodes. Following on from testing in 2019 and 2020, Comet says it has now navigated this challenge and the latest process has increased the yield of spherical graphite from 40 per cent to 60 per cent.

Perth-based Comet Resources looks on track to carve itself a healthy-sized slice of the lucrative downstream graphite pie after inductively coupled plasma or “ICP” assay testing of its natural flake graphite from its Springdale deposit in WA coughed up element values that exceed those typically required for use in battery anode material. The company now appears confident its purification process can be used in the production of lithium-ion battery anodes.

Comet Resources could be about to dust off the maracas after assays from an eight-hole, 2,250 metre drilling program completed at its Santa Teresa Gold project in Mexico delivered a suite of high-grade gold hits which included “bonanza” grades. Some of the better intersections included 1.2 metres grading 63.2 grams per tonne gold from 124.8m.