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Lincoln Minerals Limited

Publié le 08 juin 2016

Graphite mine wins lease

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Graphite mine wins lease

Assembly Service - All Clips

Advertiser (Adelaide), Adelaide

07 Jun 2016, by Christopher Russell

Licensed by Copyright Agency. You may only copy or communicate this work with a licence.

Business Journal, page 30 - Size: 260.00 cm² Capital City Daily - Circulation: 125,258 (MTWTFS-)

ID 606180909 BRIEF LINCOLNMIN PAGE 1 of 1

Graphite mine wins lease

CHRISTOPHER RUSSELL

A GRAPHITE mine at Kooka- burra Gully, 35km north-west of Port Lincoln, has moved a major step closer with the granting of a mineral lease.

Project owner Lincoln Min- erals said the lease clears the way to complete the Program for Environment Protection and Rehabilitation (PEPR) on the mine and begin raising the estimated $50 million con- struction cost.

"The grant of ML 6460 is the key pivot point and mile- stone to ensure delivery of Lin- coln's transformation now from project explorer and de-

veloper to an emerging graph- ite producer, in an industry at the forefront of the growing global green energy market," chairman Yubo Jin said.

Managing director John Parker said that it was exciting to clear the hurdle as Lincoln now targets production from 2017 at the high-grade, shallow deposit.

He hopes one of the earliest customers will be the solar thermal project at Port Augus- ta being proposed by Solastor, the company supported by for- mer federal Liberal leader and South Australian climate change adviser John Hewson.

"Graphite is a critical com-

ponent of the Solastor pro- posal," Mr Parker said.

"In the proposed Solastor system, a tower-mounted, 10 tonne graphite solar thermal receiver is heated to 800C and used to convert water to steam, which is then used to generate electricity in a steam turbine generator.

"For the Port Augusta pro- posal, at least 1700 graphite blocks - or more than 17,000 tonnes of graphite - would be

required."

One of the properties of graphite is that it retains en- ergy because it emits little radi- ant heat.

Graphite is also used in bat-

teries, electrical components, stationery, steel-making, lubri- cation and more.

Mr Parker expects the PEPR report to take between six and 12 months to complete. In regards to funding the re- port phase, Lincoln will first look to China, where board members have extensive con-

nections.

Lincoln now has more than

$700,000 in cash and a facility to place 100 million shares. Lincoln shares are currently trading at about 5c.

"So we're confident we'll have the funding to complete the PEPR," Mr Parker said.

The Kookaburra Gully

mine would create 60 jobs dur- ing construction and 30 direct, permanent jobs.

In addition, there would be support jobs created, including in transporting containers for export through Port Adelaide.

Lincoln aims to produce 40,000 tonnes of high-grade concentrate per year for at least seven years.

Mr Parker said the com- pany was pleased to have ma- jority support from the local community.

In April, Lincoln Minerals signed a memorandum with the Tumby Bay District Coun- cil to collaborate on the mine's development.

EXCITED: Lincoln Minerals boss Dr John Parker.

Lire la suite de l'article sur www.publicnow.com

Lincoln Minerals Limited

CODE : LML.AX
ISIN : AU000000LML2
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Lincoln Min. est une société d’exploration minière d'or et de cuivre basée en Australie.

Lincoln Min. détient divers projets d'exploration en Australie.

Son principal projet en exploration est GUM FLAT en Australie.

Lincoln Min. est cotée en Australie. Sa capitalisation boursière aujourd'hui est 2,8 millions AU$ (1,8 millions US$, 1,7 millions €).

La valeur de son action a atteint son plus haut niveau récent le 14 juillet 2010 à 0,24 AU$, et son plus bas niveau récent le 03 avril 2020 à 0,00 AU$.

Lincoln Min. possède 460 480 000 actions en circulation.

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Financements de Lincoln Minerals Limited
12/05/2010Announces private placement of up to $5,500,000
Projets de Lincoln Minerals Limited
08/06/2016Lincoln Minerals gains initial approval for graphite mine
08/06/2016Graphite mine wins lease
17/06/2014Change of interests of substantial holder - ANZRC
15/01/2009(Gum Flat)Gum Flat Joint Venture
07/01/2008(Gum Flat)Update Gum Flat Iron Ore project
Communiqués de Presse de Lincoln Minerals Limited
06/06/2016SA Government grants landmark Mineral Lease
13/04/2016Mine future agreement
07/04/2016LML signs MoU with District Council over Graphite Mine
06/01/2016KG graphite project EPBC referral decision
02/12/2015Managing Director's Presentation at 2015 AGM
02/12/2015Chairman's address at 2015 AGM
28/10/2015LML Annual Report 2015
28/10/2015Notice of 2015 AGM and Proxy Form
28/10/2015Quarterly Activities Report September 2015
23/09/2015Kookaburra Gully Community Update 4
02/09/2015GMUSG Graphite Presentation
22/07/2015Koppio graphite resource doubles
22/07/2015Maiden graphite resource
22/07/2015Quarterly Activities Report June 2015
22/07/2015Quarterly Cashflow Report June 2015
02/07/2015Board changes at graphite developer
02/07/2015Final Directors Notice - A Lim
01/04/2015Director Resignation and Change to Company Details
20/03/2015Directors Interim Report for Half year ended December 2014
19/03/2015Extension of Suspension
26/02/2015Graphite Mining Lease Application Lodged - Kookaburra Gully
21/01/2015Quarterly Activities Report December 2014
20/11/2014Results of 2014 AGM
23/08/2012(Gum Flat)Lincoln Minerals appeals against SA Government decision invo...
25/10/2011(Gum Flat)Significant Federal Government milestone achieved for Lincol...
23/11/2009AGM update
03/06/2009Research report on Lincoln Minerals
22/05/2009launches $2m rights issue to advance iron ore projects
30/01/2009Quarterly Activities Report – December 2008
12/09/2008commences a 2,000 metre drilling campaign for copper at Torr...
25/06/2008commenton Times of India article
15/10/2007First Lincoln Minerals assay results from inaugural drilling...
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