Lincoln Minerals Limited (AU:LML) has released an update.
Lincoln Minerals Limited is advancing its Kookaburra Graphite Project with a phased strategy aimed at becoming Australia’s first graphite producer, promising robust financials even with low graphite prices. The company is leveraging existing mining leases and infrastructure to expedite production, with an initial target of 20,000 tonnes of graphite annually, and expansion plans to reach 75,000 tonnes. The project boasts high-grade graphite accessible from the surface, which is anticipated to result in low operating costs and rapid development timelines.
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