A spate of new graphite discoveries on South Australia's Eyre Peninsula has mining companies upbeat about future prospects for the region.
Among graphite companies operating in the area, Archer Exploration, Monax Mining, and Lincoln Minerals have all reported positive updates this week, with a number of new finds confirmed.
On Monday Monax said it was “excited” by the results of a new round of exploration, and Lincoln said new drilling had seen it confirm a 2.25 million tonne resource for its Kookaburra Gully project.
“Lincoln is very optimistic that drilling planned for Kookaburra Gully Extended this year will define further graphite resources,” it said in a statement.
Along with Monax and Lincoln, Archer released a project update on Monday that confirmed it had uncovered “exceptional graphite concentrates,” some of which were considered “very rare”.
Lincoln managing director John Parker told ABC Rural work was continuing across the Eyre Peninsula, and the region could one day be home to a significant graphite industry.
“When you talk about iron ore, you know in Australia, you talk about the Pilbara up in the north-west, but when you talk about graphite in Australia, you talk about Eyre Peninsula,” he said.
“We're not talking about competition here—we're talking about building up a really strong graphite industry.”