The KGP has a multitude of electromagnetic (EM) anomalies that spread south-west and north-east and span more than 15km. The anomalies are the result of an airborne EM survey conducted in 2012, with the company systematically working its way through the targets with each drill program.

Lincoln is planning further drilling later this year on targets outside the known mineralisation areas, with an emphasis on reverse-circulation (RC) drilling to penetrate the banded-iron formation to the north-west, in addition to extra drilling to the south-west of the eastern anomaly.

Drilling is also planned down dip and along strike using an RC rig combined with diamond drilling for resource expansion, along with geotechnical and metallurgical testing. The company has an exploration target of between 6 million tonnes and 126 million tonnes, based on a graphite grade of between four per cent and 16 per cent.

Management says it is considering up to 100,000 tonnes per annum of concentrate being produced. It adds that the project has started to attract interest from potential partners and offtakers.

The KGP sits about 30km from Port Lincoln on the Eyre Peninsula, which is responsible for about 60 per cent of Australia’s JORC-classified graphite resources. It sits between Renascor Resources’ Siviour project that contains 8.5 million tonnes of graphite at 6.9 per cent TGC to the north-east and Quantum Graphite’s Uley play that consists of 760,000 tonnes at 10.5 per cent TGC to the south-west.

All three projects are situated on the Hutchison Group – the region’s dominant graphite mineralisation trend.

Lincoln holds 100 per cent of the graphite rights over 1151 square kilometres of exploration tenure and the Kookaburra Gully mining lease, of which 982.5sq km are considered prospective for graphite.

Management says pricing for graphite appears to be supported by the recent export restrictions imposed by China on the battery commodity.

With graphite being Lincoln’s core project, coupled with its growth potential as it ramps up drilling at the site later this year, the company may well be in the driver’s seat to meet future demand for the important battery mineral.

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