Graphite Metallurgical Test Work Progress Update

Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased provide an update on ongoing test work on natural flake graphite from its Springdale Graphite Project (Springdale) located in Western Australia. Both excellent grade and recoveries were achieved on initial tests, leading to commencement of work earlier this year to produce a concentrate bulk sample for further testing. The production of the concentrate material was completed in June in a lab in Perth, Western Australia, and was subsequently air-freighted to a specialist testing provider in Germany. That material has now arrived, been dried, and prepared for testing, with testing works now commenced. In addition to the tests being performed by the specialist lab for Comet, a sample of the concentrate material has also been provided to a third-party producer of natural flake graphite products for battery anodes for their own evaluation.

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