Exploration/Development, News

Is this Australia’s next Tier 1 graphite project?

kookaburra, graphite

The graphite resource at Lincoln Minerals’ Kookaburra project has increased by 114 per cent since September 2023.

Kookaburra, which lies on South Australia’s Eyre Peninsula, now boasts a mineral resource estimate (MRE) of 12.8 million tonnes at 7.6 per cent contained graphite – or almost one million ounces of graphite.

This makes Kookaburra the second largest such resource on the Eyre Peninsula, with Lincoln saying that the project has the potential for a Tier 1 status.

This resource update will underpin an updated pre-feasibility study (PFS).

“This updated MRE will serve as the basis for our PFS update planned for delivery later this year, which will … target production at a much higher rate of 60,000 to 100,000 tonnes per year,” Lincoln Minerals chief executive officer Jonathon Trewartha said.

“In the past six months, Lincoln has undergone a remarkable transformation. Our Kookaburra project now stands as the second-largest graphite resource on the Eyre Peninsula.

“Despite now having multiple compelling projects to pursue, our focus is to develop our core graphite asset.

“The Kookaburra’s quality speaks for itself, and we’re further buoyed by the forecast graphite price increases in response to geopolitical supply shortages at a time of expected strong and increasing demand.”

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