Lincoln Minerals (ASX:LML) doubles resources at Kookaburra Graphite Project

Lincoln Minerals announced a substantial increase in its mineral resource estimate for the Kookaburra Graphite Project on the Eyre Peninsula.

Total resources have surged 114% since September 2023, reaching 12.8Mt at 7.6% TGC, equating to about 973,000 tonnes of graphite.

The upgrade will support an updated pre-feasibility study for a 60-100ktpa graphite concentrate project.

Expansion of the high-grade core and the flat-lying orebody at the Kookaburra Gully extension is expected to enhance the feasibility study's economics.

Lincoln Minerals plans additional drilling in 2024 and aims to leverage recent graphite export restrictions in China to meet growing demand.

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