Metals Australia LtdASX: MLS

Multiple Significant Graphite Conductors Identified

· Issued by Metals Australia Ltd

Filed with ASX · · 5 pages · English

Summary by 6ix AI

Metals Australia Ltd has announced the identification of multiple significant magnetic graphite conductors at the Lac Rainy Nord and Lac Rainy Est Graphite Projects in Quebec, Canada. The preliminary results from Airborne Magnetic and Time-Domain Electromagnetic surveys confirm the presence of thick zones of highly conductive graphite mineralisation on both projects. The company plans to commence a Phase II exploration campaign, which will include mechanised trenching and sampling, to further investigate these new targets. This announcement highlights the potential for significant graphite mineralisation in areas that have seen limited historical exploration.

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