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We've increased the #graphite resource at our Kookaburra Graphite Project on the Eyre Peninsula by 𝟭𝟭𝟰% since September 2023. The total resource is now 𝟭𝟮.𝟴𝗠𝘁 @ 𝟳.𝟲% 𝗧𝗚𝗖, totalling 973,000 tonnes of contained graphite, confirming KGP as the second largest graphite resource on the Eyre Peninsula. The Resource Upgrade will underpin an updated KGP Pre-Feasibility Study examining a 60-100ktpa graphite concentrate project, due for delivery in 2H 2024 which has started to attract interest for potential offtake and partnerships. Additional drilling is planned for 2024 to further extend known mineralisation and explore new targets. This resource upgrade positions the KGP as a significant player in the graphite market, especially amid supply impacts from recent China export restrictions, which are likely to support graphite pricing. Read the full $LML #ASX Announcement here: tinyurl.com/4v97wkae #ASXNews #MiningNews #GraphiteExpansion #ResourceUpgrade #EyrePeninsula #MineralExploration #GraphiteSupply
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