• Koppio Prospect: The Company completed 31 holes for 2693m of infill aircore drilling program to strengthen the confidence level of the previously estimated Inferred Graphite Mineral Resource (Inferred Graphite Resource of 1.85Mt @ 9.8% TGC (Total Graphitic Carbon) at 5% cutoff) (ASX Release 13 July 2015 Maiden Graphite Resource); and
• Kookaburra Gully Extended (KGE) prospect: 44 aircore drill holes for 2950m targeting a previously undrilled area within the larger airborne EM conductor anomaly which extends to the south for about 5km from the Kookaburra Gully Mineral Resource. Visual indications of graphite mineralisation were evident from the geological logging of the drilling in two holes and assay confirmations are pending.
Two catalysts. Looking for the assays for KGE. The EM chart looks like it’s got a big deposit with visible graphite viewed from the surface.
LML Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
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