Here is a comparison of the resource size for both the Graphite...

Here is a comparison of the resource size for both the Graphite Creek project in Alaska and the Kookaburra Graphite Project (KGP) in South Australia:

Graphite Creek (Alaska, USA)

• Measured & Indicated Resources: 37.6 million tonnes @ 5.14% graphitic carbon (Cg) → 1.93 million tonnes of contained graphite.
• Inferred Resources: 243.7 million tonnes @ 5.07% Cg → 12.34 million tonnes of contained graphite.
• Total Resource: 281.3 million tonnes @ 5.08% Cg → 14.27 million tonnes of contained graphite.

Source: Graphite One Inc. (2023)

Kookaburra Graphite Project (KGP, South Australia)

• Total Resource: 12.8 million tonnes @ 7.6% total graphitic carbon (TGC) → 973,000 tonnes of contained graphite.
  • Includes a high-grade core: 2.9 million tonnes @ 13.6% TGC

Source: Lincoln Minerals (2024)

Comparison of Resource Size

Project	Measured & Indicated	Inferred	Total Resource	Average Grade
Graphite Creek (USA)	37.6 Mt @ 5.14% Cg	243.7 Mt @ 5.07% Cg	281.3 Mt @ 5.08% Cg	5.08% Cg
KGP (Australia)	Not specified	Not specified	12.8 Mt @ 7.6% TGC	7.6% TGC (higher grade)

Key Takeaways

1. Graphite Creek is a much larger deposit with 14.27 million tonnes of contained graphite, making it one of the largest in North America.
2. KGP is smaller but has a higher-grade core (13.6% TGC), which could make mining and processing more efficient.
3. Graphite Creek's large inferred resource suggests significant long-term potential, whereas KGP's higher grade might allow for lower-cost production.