Lincoln Minerals CEO Jonathon Trewartha commented: “After delivering a significant MRE upgrade at the
Kookaburra Gully Graphite Project, now the second largest graphite resource on the Eyre Peninsula, we are
excited to commence drilling at this previously untested area of ML6460. We are confident there is potential to
materially increase our graphite resource during 2024 and continue to demonstrate why SA’s Eyre Peninsula is
Australia’s Premier Graphite Province. We expect the Northern program to be finished by late January after a
break for Christmas and look forward to reporting first results shortly thereafter.”I have absolutely no doubt they will smash the current resource size.
Why?
Have a look at the drilling announcement dated 22nd May 2017
https://wcsecure.weblink.com.au/pdf/LML/01859183.pdfThen have a look at the announcement for their JORC dated 17th May 2017
https://wcsecure.weblink.com.au/pdf/LML/01858091.pdfThere are 30 Holes that have never been added to the resource estimate..
15 Hit Mineralization and were very good!
The Holes in RED were not part of the JORC Estimate and still need to be included.
With so few holes in the Northern Section, plus the excellent results already received.
There is a lot of potential to significantly increase the resource in the northern half of KKG
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