The Kookaburra graphite project (KGG) on the Eyre Peninsula in South Australia has been included in the Australian Critical Minerals Prospectus.
Kookaburra, owned by Lincoln Minerals, is one of approximately 55 projects included in the digital publication.
What was once a static document, the introduction of a digital prospectus for the first time in 2024 allows for updates as projects develop and more commodities are added to the critical minerals list. Users can tailor their search to specific criteria, filtering projects by commodity, state, company and project development status.
Lincoln Minerals chief executive officer Jonathon Trewartha said being added to the Critical Minerals Prospectus was a feather in the company’s cap.
“We continue to progress development of the Kookaburra graphite project with the clear aim to become Australia’s next graphite producer,” he said.
“We believe the inclusion of our exciting KGP project in the digital prospectus will enhance our plans to engage with downstream stakeholders and potential offtake and funding groups once our updated PFS (pre-feasibility study) is complete in October.
“We have outlined that we are pursuing a staged development strategy for KGP, and with our updated PFS imminent, we continue to execute plans to reach decision to mine status by the end of 2025.”
In August, Lincoln Minerals outlined a staged development strategy for its Kookaburra graphite project, which aims to leverage a high-grade graphite core at surface, eliminating the need for pre-stripping.
Lincoln aims to produce up to 20,000 tonnes per annum (tpa) of high-quality graphite concentrate in the first phase, under the existing mining licence (ML 6460).
This will be supported by a 2017 feasibility study and a draft program for Environment Protection and Rehabilitation (PEPR), enabling the swift completion of remaining approvals.
Lincoln expects to complete an updated pre-feasibility study by the fourth quarter of 2024, anticipating strong interest in the project as it aims to be one of Australia’s leading graphite producers.
Trewartha said that Lincoln’s Kookaburra graphite project is unique in Australia, as it benefits from extremely high-grade graphite at surface, requiring no pre-strip, due to an orebody which literally sticks out of the ground.
“This positions Lincoln to generate attractive returns, even at low graphite prices,” he said.
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