Summary

The Munglinup Graphite Project is located 75km east of the township of Ravensthorpe and covers an area of 177km2. The tenement area straddles the boundary between the Archaean Yilgarn Block and the Proterozoic Albany Fraser Province, in a zone considered highly prospective for flake graphite mineralisation. Directly adjacent to the tenements is the Halbert’s Graphite Deposit which is considered one of Australia’s primary high-grade flake graphite deposits. The deposit is believed to contain a historic (non-compliant with currently used codes) resource of 1.3Mt @ 18.2% Carbon and is presently owned by the private company Graphite Australasia Pty.

There has been no systematic exploration or further resource evaluation work conducted on this deposit since 1988, due mainly to the global oversupply of flake graphite in the early 1990’s. In 2011, Regency’s exploration team identified the potential for geological strike continuation from the known graphite deposit into our exploration ground. Subsequent work has included an extensive review of open file geophysical and geological data along with a detailed AEM survey flown across the tenements in 2011. A field visit was completed in 2012 and a drill programme designed to test the graphite potential is currently under review.