Australia's International Graphite jumps on high grade finds in WA project

International Graphite

12/04/2023 06:09

** Shares of International Graphite Ltd  IG6.AX  rise as
much as 9.5% to A$0.230, their biggest intraday pct gain since
March 31
    ** Co reports fourth high grade graphite discovery at
Springdale Graphite Project in Western Australia at previously
undrilled exploration target Mason Bay
    ** Adds initial work samples from Mason Bay show 95%+
graphite concentrate with excellent recoveries
    ** Stock posts its highest level since April 4
    ** Stock has fallen 22.2% this year, as of last close

 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@thomsonreuters.com))