Flinders Resources said it has intersected graphite from drilling the next five holes of a 37 drill program at the Kringel deposit in Sweden.

Drill results include 9.7m at 10.8% graphitic carbon (Cg) from 26m in drill hole KRI12DD015 and 19.4m at 8.0% Cg from 17m in drill hole KRI12DD013 with 15 holes completed till date.

Flinders Resources President & CEO Martin McFarlane said results from the drilling program continue to confirm historic grades and extend mineralization beyond the limits of the historic resource area.

"We have therefore expanded the current drill program by an additional 700 metres to ensure sufficient drill data is available for the upcoming NI43-101 compliant resource calculation due in mid-August," Martin added.

The Kringel Graphite Project was identified to host an historic resource of 6.9 million tons containing 8.8% graphite in four separate deposits.

Historic resources based on a NI43-101 report in November 2011 are 1.3 million tons at 11.3% graphite, calculated using a polygonal method and is similar to CIM definitions "Indicated" and "Inferred", Flinders Resources said.