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Lincoln Minerals Ltd.
Summary
| Project: | Kookaburra Gully | |
|---|---|---|
| Deposit: | Kookaburra Gully | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 5/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-5-2017: Lincoln Minerals Ltd. announces a Resource Estimation report for its Kookaburra Gully deposit at the Kookaburra Gully project. Graphite resource estimate + drilling results incl. 39m @ 10.3% TGC. Resource definition drilling by Adelaide-based L | |
| Resources: | (Resource, Total): 2.03Mt @ 15.2% TGC (cut off >5% TGC) at Kookaburra Gully | |
| CP/QP: | [Resources]: Sharron Sylvester (OreWin Pty Ltd.) | |
| ABSTRACT: | Resource definition drilling by Adelaide-based Lincoln Minerals Limited (ASX:LML) ("Lincoln" or “Company") at the Company’s flagship Kookaburra Gully Graphite Project located on South Australia’s Eyre Peninsula has increased the confidence level of the Mineral Resource inventory to a combined Measured, Indicated and Inferred Mineral Resource of 2.03 million tonnes at 15.2% total graphitic carbon (TGC) (using 5%TGC cut-off) Batch and lock-cycle metallurgical test work has confirmed that graphite concentrates can be produced readily at 93% to 98% TGC and 94% to 98% LOI, and can be produced at greater than 90% recovery from a simple flow sheet. All analytical results and Mineral Resources are in accordance with JORC Code 2012. During 2016, Lincoln completed 884.4 m of diamond core drilling for which the analytical and metallurgical results and an updated Mineral Resource are reported here. Drilling informed the geotechnical model, provided key graphite intervals for metallurgical testwork and confirmed grade and continuity of the Kookaburra Gully graphite deposit. OreWin Pty Ltd (OreWin) was commissioned by Lincoln to update the 2014 resource model for the Kookaburra Gully graphite deposit to include 2016 diamond core drilling data. The updated Kookaburra Gully modelling work incorporates all drillhole data available at 4 November 2016, which includes 52 aircore and/or reverse circulation holes and 11 diamond core holes. A total of 1,785 drillhole assays for carbon (C), total graphitic carbon (TGC) and sulphur (S) were available for this modelling. | |
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