Metals Australia Ltd’s 9,482m Drilling Program Delivers Major Resource Upgrade at Lac Carheil High‐Grade Graphite Project
Friday, May 23, 2025
at
8:22 am
Metals Australia Ltd announced exceptional new diamond drilling at its Lac Carheil graphite project in Quebec, recording extended high‐grade intercepts and improved resource continuity. The expanded program supports a promising resource upgrade and pre‐feasibility studies, reinforcing funding prospects and long-term growth potential in battery anode production markets.
Metals Australia Limited has detailed an extensive drilling campaign at its Lac Carheil Graphite Project in Quebec that underscores the promising quality and scale of its graphite mineralisation. The company completed nearly 9,500 meters of diamond drilling that revealed multiple long intersections with robust graphitic carbon grades. Several drill holes recorded intervals that exceed 15% graphitic carbon, with some continuous intercepts reaching impressive lengths, suggesting that the mineralised zones are both thick and laterally extensive.
Rigorous quality assurance measures are central to the announcement. The technical disclosure describes industry standard sampling and logging protocols, including quarter-cut core techniques and differential GPS surveys to ensure accurate drill hole placement. Detailed JORC-compliant information outlines the core recovery process, sampling methodology, and analytical procedures used to determine the graphitic carbon and sulphur values. These measures support confidence in the data, which will form the basis for an updated Mineral Resource Estimate and the forthcoming pre-feasibility study.
The technical results not only reinforce the deposit’s scale—with several drill holes confirming high-grade intersections over significant lengths—but also bolster plans to refine the resource model. With the Lac Carheil deposit hosting a mapped strike length that could stretch over multiple kilometres, the project appears well positioned to supply premium flake and battery-grade graphite to a market in growing demand.
Investor sentiment could be mixed yet tilted toward optimism. Those with a bullish outlook may view the strong technical results, robust sampling procedures, and potential upgrade in the resource estimate as indicators of a world-class asset that could play a significant role in the battery supply chain. On the other hand, caution remains as the project still relies on pending analytical confirmation and further metallurgical test work, meaning that execution and conversion of these promising technical results into economic viability remain critical challenges ahead.