Lincoln Minerals' strategic project insights

Lincoln Minerals Ltd. (ASX:LML) has unveiled the results of its Pre-Feasibility Study (PFS) for the Kookaburra Graphite Project located in South Australia. The study highlights a compelling low-cost, low start-up capital project designed to serve the non-Chinese graphite market. The project is set to become Australia's newest graphite producer with a two-stage, low-capital entry strategy.

Comprehensive overview of PFS findings

The Pre-Feasibility Study of Lincoln Minerals' Kookaburra Graphite Project outlines a robust low-cost project with a pre-tax NPV of A$114 million and an IRR of 41%. Situated on the Eyre Peninsula, the project plans to produce high-quality graphite concentrate for export. With a two-stage development strategy, Lincoln Minerals aims to establish a customer base in industrial graphite markets and eventually transition to the electric vehicle battery market. The company targets a Stage I Financial Investment Decision by the end of CY26, with construction and production anticipated in CY27. The strategic focus on non-Chinese markets and existing infrastructure ensures a competitive advantage. The project is committed to minimizing environmental impacts and engaging local communities, with plans for a progressive mine closure and site repurposing.

Executive insights on Kookaburra Graphite Project

The PFS demonstrates promising economics with a pre-tax NPV of A$114 million and an IRR of 41%. It supports a staged development focusing initially on the industrial graphite markets. Our aim is to transition to the electric vehicle battery market as demand and prices improve. The project is poised to leverage a strategic position to supply the non-Chinese graphite market.