Lincoln Minerals has announced plans for an aircore drilling program over its significant exploration targets at the world-class Kookaburra Gully Graphite Project near Port Lincoln in South Australia’s Eyre Peninsula.
Lincoln has reprocessed and re-interpreted airborne electromagnetic (EM) data and maps over the Koppio-Kookaburra Gully area to identify an extensive suite of drilling exploration targets that total 33 million to 94 million tonnes of graphite mineralization at 7-15% total graphitic carbon (TGC).
Imagery from the Koppio-Kookaburra Gully survey, particularly the X-component, shows that the Kookaburra Gully deposit is on the north-eastern end of a 4.5km-long series of EM anomalies (Kookaburra Gully Extended). Based on the mineral resource at Kookaburra Gully of 2.2 million tonnes @ 15.1% TGC at nominal 5% cut-off or 3.23 million tonnes @ 11.2% TGC at nominal 2% cut-off, Kookaburra Gully Extended has a conceptual exploration target of 22.5-43.9 million tonnes of graphite mineralized rock averaging 10-15% TGC.
Lincoln Minerals has been granted Exploration Work Approvals by the Department for Manufacturing, Innovation, Trade, Resources and Energy (DMITRE) to undertake further resource-definition drilling and trenching at Kookaburra Gully, and to undertake a major drilling program at Kookaburra Gully Extended and Koppio Graphite Mine.
Drilling is scheduled during the next 6 months and will commence with a reconnaissance aircore program over the central Kookaburra Gully Extended targets. The extent and completion of the drilling program is subject to financing and progressive results.
With a potential 3.1-14.1 million tonnes of contained graphite, this is one of the largest potential graphite resources in the world not just on grade but also with respect to size.