Company Overview

Lincoln Minerals (ASX: LML) is focused on developing the Kookaburra Graphite Project, on the Eyre Peninsula in South Australia.

Eyre Peninsula is Australia’s foremost graphite province and home to one of Australia’s largest resources of this strategically important mineral. Graphite is a key component of lithium-ion batteries that power electric vehicles and renewable energy storage systems.

The Kookaburra Graphite Project has as Measured, Indicated and Inferred Resources of 12.8Mt @ 7.6% TGC for 973,000 tonnes of contained graphite at a 2% TGC cut-off across the Kookaburra Gully, Koppio and Kookaburra Gully SW Extended deposits, with a high-grade core of 2.9Mt at 13.6% TGC at the Kookaburra Gully deposit.

A 2017 Feasibility Study demonstrated Kookaburra Gully’s potential for a 10-year mine life with a pre-tax net present value (NPV) of A$81M and an internal rate of return (IRR) of 33%. Lincoln is updating this Feasibility Study, with a Pre-Feasibility Study examining a 60-100kpta graphite concentrate project on track for delivery in 2H 2024.

Lincoln has confirmed a strategic 1.2 billion tonne JORC resource “Green Iron” magnetite project on the Eyre Peninsula, which has an average head grade of 25.7% Fe. It has commenced a partnering process aimed at advancing this project to a Definitive Feasibility Study status. Value released from this project will fund and fast-track development of KGP.

In addition, Lincoln is following up several uranium targets across its Eyre Peninsula tenements.