The project is located on the Eyre Peninsula in South Australia and the drilling program will target Waddikee’s Wilclo South prospect.
Previous drilling at the site identified 15m at 16.3% total graphitic carbon (TGC) in hole WG032 measuring 90-105m and 9m at 14.8% TGC in hole WG031 measuring 59-68m.
Mapping and sampling at Wilco South has confirmed coarse flake graphite up to 3.5km in strike length.
The company will undertake the majority of the drilling program at the Wilclo South prospect to primarily provide sufficient drill-hole information for the determination of an inferred resource by mid-2013.
Monax will also undertake limited drilling at the project’s Francis and Argent prospects to test strong conductive features outlined by the ground EM survey and previous sampling.
The drilling is expected to be concluded in four to six weeks.
