Lincoln hits high-grade graphite ahead of SA resource upgrade
Lincoln’s Kookaburra graphite project covers about 120 square kilometres and sits about 30km north of Port Lincoln on the Eyre Peninsula with the Kookaburra Gully deposit currently hosing a mineral resource of 2.9 million tonnes at an impressive 11.4 per cent TGC.
The company is already planning addition drill programs for the second half of the year including a diamond drilling campaign at the Kookaburra Gully, Kookaburra Gully Extension and Koppio deposits.
China is currently the world’s top graphite producer and exporter. It also refines more than 90 per cent of the world’s graphite into the material that is used in virtually all EV battery anodes.
Industry experts believe the vulnerability of the battery supply chain is now highly exposed following China’s decision to restrict its graphite product exports from December last year.
With its recent success from step-out drilling extending the mineralisation at Kookaburra Gully, the market will be keeping a close eye on what Lincoln will unveil when it delivers its upgraded mineral resource for the Kookaburra graphite project in the coming weeks.
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