Commodities, Exploration/Development, News

Lincoln targets Tier 1 graphite mine

Syrah, graphite

After recently boosting the resource for its Kookaburra Gully graphite project (KGP) in South Australia by 87 per cent, Lincoln Minerals is eyeing even more growth.

A portfolio review of KGP’s exploration targets has increased the company’s confidence in achieving resource growth, with additional graphite occurrences identified within the project.

Lincoln’s total graphite exploration target at KGP (excluding known mineral resources) now totals between 6 million tonnes (Mt) and 126Mt, with deposit grades ranging between 4–16 per cent.

In the calculation of the updated exploration targets, the KGP project area has been increased by 30 per cent, adding 2.5km of strike extension to the north-east.

Currently, KGP has a mineral resource estimate of 12.3 million tonnes at 7.31 per cent graphite, which does not reflect the updated exploration target.

Lincoln expects updated project studies targeted for the second half of the year to confirm KGP as a highly attractive, Tier 1 project.

“KGP has demonstrated its potential for significant scalability, with potential to be a world-class graphite project, with product quality similar to neighbouring projects,” Lincoln chief executive officer Jonathon Trewartha said.

“We have now added a further five previously unclassified graphite occurrences within the project area.”

The pre-feasibility study sees Lincoln targeting 60,000–100,000 tonnes per annum (tpa) of graphite concentrate production from KGP.

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