Lincoln Minerals' Kookaburra Gully Project - Graphite
The Kookaburra Gully Graphite Project is one of the highest-grade graphite projects globally. It has a very low start-up capital cost of A$44M and a production profile suited to world graphite demand and supply volumes.
The project has an Ore Reserve and completed Feasibility Study based on a processing rate of 250,000 tpa to produce 35,000 tpa graphite flake concentrates on-site over a 10-year open pit mine life.
The Kookaburra Gully Project has significant opportunities for further value enhancement including;
• Extension of project life beyond 8-10 years,
• Incorporating further value-adding product development including spherical graphite manufacture for the battery market, and
• Potential savings on implementation costs due to conservative design and costings adopted.
Exploration upside at Koppio and Kookaburra Gully Extended satellite deposits with an Inferred Mineral Resource of 1.9Mt @ 9.8%TGC defined at Koppio.
Graphite flake concentrates 94-97% Total Graphitic Carbon (TGC) with recoveries of 86-92%, with a break-down of -
>150µm 10% distribution @ +97% TGC
+75 µm <150µm 25% distribution @ +97% TGC
<75µm 65% distribution @ +95% TGC
Mineral Resource Classification (5% TGC Cut-Off), as at 27 November 2017:
Resource Category Tonnes (Mt) TGC(%)
Measured 0.39 14.9
Indicated 1.08 14.9
Inferred 0.56 16.0
Total 2.03 15.2
Contained (Kt) 309
Ore Reserves (as at 27 November 2017):
Reserve Category Tonnes (Mt) TGC(%)
Probable 1.3 14.6
Contained (Kt) 196
To discuss this project and investment opportunities, please contact the Company directly.
Investment sought: Not applicable
No documents provided.
Project status update
Feasibility Study completed in November 2017.
Mineral Lease granted.
Program of Environment Protection and Rehabilitation (PEPR) government approval process commenced.
Further work on progressing the PEPR is currently on hold due to market conditions.
Freehold land tenure.
No offtake agreements are yet in place.
- The project has a very low A$44M start-up capex and a low cost per tonne of graphite concentrate produced on a global basis. As per November 2017 published Feasibility Study (on-site production of graphite concentrates): • Pre-tax NPV10% of $81M over the life-of-mine (10 years) • Internal rate of return of 33% • Payback period of 3 to 4 years • Operating cost of A$705 (US$550) per tonne concentrate for LOM
- Lincoln Minerals Limited
Expected start date
Expected end date
Funding round finish date