Lincoln’s Kookaburra Gully graphite resource swells
The Kookaburra Gully graphite project (KGGP) has grown to be the second biggest known resource on South Australia’s Eyre Peninsula, ASX-listed Lincoln Minerals reported on Friday.
The company announced an inaugural mineral resource estimate for the Kookaburra Gully SW Extended deposit at KGGP with an inferred resource of 5.12-million tonnes at 4.86% total graphitic carbon (TGC) for 249 000 t of contained graphite. This also comprises an indicated resource of 0.58-million tonnes at 7.73% TGC for 45 000 t of contained graphite.
Besides Kookaburra Gully SW Extended, KGGP also comprises the Kookaburra Gully and Koppio deposits. The project now collectively holds 12.26-million tonnes at 7.31% TGC at a 2% TGC cutoff, representing an 87% increase for 896 000 t of contained graphite.
“I am confident that the addition of this inaugural resource, when combined with the next three months drilling at our high-grade Kookaburra Gully and Koppio deposits, will deliver us a resource to support a potential 10-year life-of-mine at significantly higher production than the 2017 feasibility study, which was based on a production rate of 35 000 t/y graphite concentrate, and which yielded an internal rate of return of 33%,” commented Lincoln CEO Jonathan Trewartha.
An update to the feasibility study will start in mid-2024 and is scheduled for delivery in the second half of 2024.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation