Welcome to PG Southbound. I'm guessing with a name and picture like that you're a Tassie man, yes?
Graphite and carbon fibre are ussually used as truss rod "helpers". In other words you inlay two graphite rods either side of the truss rod.
This is mainly because graphite ruins tools due to its ridiculous strength. If you have sharp, high quality tools, it can definatly be done.
There are major bonuses with graphite though, depending on how thick the skunk stripe is, you may not even need a truss rod.