Some interesting comments "We are targetting to double or triple the production rates in the feasibility" that's 72,000 to 98,000 Tonnes pa So they will need 720K-980K of contained Graphite. Presumably they would like these numbers as part of the rehash of the feasibility study which looks like it will be released around May- June 2024, when you look at the drilling schedule. In relation to Kookaburra Gully Extended "For an example, there's one of them that is 100 holes, 70 of them hit the ore. So the expiration target is real, and that one of the best holes was 32 meters at 12%. So a good hit."
My back of the envelope numbers would suggest that that single drill hole is about 60,000t of contained graphite in an inferred JORC Looking forward to the resource estimate..
Couldn't help noticing this picture from the Investors Presentation My notes added Looks like Koppio could grow to be many times the size too.
And then Kookaburra Gully drilling to start very soon, also with some of the best bits remaining undrilled.
I think they know with this drilling campaign and building on their existing database they will easily double their resource.
I really think the extra exposure that Lincoln will get at the Noosa Mining Conference will significantly boost its profile and potentially its share price too.
LML Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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