Strike Resources Limited (ASX:SRK) (Strike) is pleased to report a maiden Inferred Mineral Resource for its Burke Graphite Project in Queensland (Project). CSA Global were engaged by Strike to complete a Mineral Resource Estimate (MRE) for the Project1:
➢ 6.3 million tonnes @ 16.0% Total Graphitic Carbon (TGC) for 1,000,000 tonnes of contained graphite;
➢ Within the mineralisation envelope there is included higher grade material of 2.3 million tonnes @ 20.6% TGC (with a TGC cut-off grade of 18%) for 464,000 tonnes of contained graphite which will be investigated further.
These grades place the Burke deposit as one of the highest-grade deposits of graphite in the world held by an Australian listed company.
Based upon the MRE for the Project referred to above, the following Chart illustrates the TGC grades of published Total JORC Resource/Reserves of selected ASX Listed Graphite Projects relative to the Burke Project.
SOURCE: STRIKE RESOURCES LIMITED
DATE: NOVEMBER 13, 2017