Global Energy Metals Reports Significant Near-Surface Graphite At Millennium Project

Core Insights - Global Energy Metals Corporation has reported significant Total Graphitic Carbon assay results from the Millennium Copper-Cobalt-Gold project in Queensland, Australia, indicating the potential for graphite as a valuable byproduct alongside existing resources [1][2]. Group 1: Project Overview - The Millennium Project is a key asset in Global Energy's portfolio, with the company holding a 49% interest and being fully carried on exploration costs as part of a joint venture with Metal Bank Ltd [2]. - Recent drilling confirmed thick, near-surface graphite mineralization, with notable results including 13.1m at 12.23% TGC and 30.85m at 14.11% TGC [4][6]. Group 2: Drilling Results - The drilling program consisted of four diamond drill holes totaling 462.8m, targeting a 750m strike of previously limited work within the graphite mineralized zone [11][12]. - Significant intersections included: - MI25DD03: 13.1m at 12.23% TGC from 1m and 30.85m at 14.11% TGC from 60.4m [6][19]. - MI25DD04: 14.3m at 8.68% TGC from surface and 3.7m at 22.19% TGC from 45.8m [20][21]. Group 3: Mineral Resource Estimate - The Millennium holds a JORC 2012 Mineral Resource Estimate of 8.4Mt at 0.09% Co, 0.29% Cu, and 0.12g/t Au, equating to a 1.23% CuEq on an Inferred basis [6][11]. - The mineralization remains open in all directions, suggesting potential for low-strip ratio development opportunities [5][22]. Group 4: Future Plans - Planned work includes ongoing preliminary metallurgical testing of graphite mineralization, resampling of historical core, additional drilling to define continuity and scale, and advancement of mining lease applications [26][30]. - The company aims to enhance its exposure to critical minerals and support the electrification movement through strategic investments [30][31].