The company says that the 2.6km-long anomaly, called as Silver Star identified large graphite flake sizes with potential to yield significantly higher prices per ton than medium and fine flake graphite.

The EM13 anomaly of the Silver Star, which is accessed through an existing track on the eastern end of tenement, comprises two continuous zones, one 480m long and the other 1770m long.

All the tenements of the company are located approximately 25km north/north-east of the town of Manitouwadge.

The new discovery, which represents a new priority drilling target for the company, has upgraded the scale and potential of Manitouwadge project.

Ground team of the Company is currently undertaking mapping and sampling of multiple new areas of potential graphite prospectivity at Manitouwadge which was identified following recent review of electromagnetic (EM) data by CSA Global.

A number of new highly prospective anomalies, which include an untested area immediately to the north of a previous ground EM survey was identified following geophysical review.

Ardiden will carry out ground sampling and mapping program during September for all of the EM anomalies, prior to the planned drill program scheduled in the fourth quarter of this year.

As per the drill core from an earlier program, the company estimates that up to 80% of the graphite was jumbo and large flake in size.

Ardiden targeted the Manitouwadge jumbo flake graphite project following a highly recent diamond drilling program.

The company also carried out testwork which also indicated that simple, low cost gravity and flotation beneficiation techniques could result in purity levels of up to 95.6% for jumbo flake and 94% for large flake.