Oar Graphite Project

The Oar Graphite project is situated in the centre of the Eyre Peninsula and forms part of OAR’s ground holding in the region, which comprises of six contiguous exploration licences, covering approximately 1,520km2 of the Gawler Craton.

OAR hold a 100-per cent interest in the project, which has a current JORC resource of 6.22Mt @ 4.8% Total Graphite Content (TGC).

Initial exploration and test work was focused solely on large flake graphite, for which the resource has been calculated, however, recent growth in demand for battery grade, ultra-fine flake graphite led the Company to retest core samples.

Test work on historic drill core identified ultra-fine flake graphite, which is in high demand due to its suitability for production of spherical graphite used in battery manufacturing.

Based on its findings, OAR is now pursuing additional exploration drilling, with a view to extend the resource and develop a low-cost, shallow open pit mining operation.

Further Independent Metallurgical Operation-led test work is also planned, with the aim of increasing concentration grade of the Oar Graphite Project flake to 95 per cent or higher, which may be is suitable for refining into battery anode material (BAM).

OAR has identified a series of critical steps to confirm the potential of its ultra-fine flake graphite for conversion to BAM as part of its strategy to pursue a commercial development at the project.

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